[Featured Stock] Lotte Chemical Expected to Rebound in Performance Starting Q4... Upward Trend Anticipated

[Asia Economy Reporter Song Hwajeong] Lotte Chemical is showing strength amid expectations of a rebound in performance and stock price starting from the fourth quarter of this year.

As of 9:35 AM on the 30th, Lotte Chemical was trading at 210,000 KRW, up 9,500 KRW (4.74%) from the previous day.

On this day, Kiwoom Securities forecasted that from the fourth quarter of this year, cost burdens will decrease, and along with a rebound in product prices, both stock price and performance will improve for Lotte Chemical. Researcher Dongwook Lee of Kiwoom Securities stated, "With the expansion of crude oil production capacity in North America and Iran, oil prices are expected to decline after the second quarter of next year, which will lead to a drop in naphtha prices." He added, "Furthermore, as logistics disruptions ease, prices of general-purpose chemical products in the region, which were undervalued compared to the US and Europe, are also expected to rebound." He continued, "If the vaccination penetration rate in developing countries increases and oral COVID-19 treatments are developed, demand for petrochemical products will increase simultaneously, which will alleviate oversupply in the region."

This content was produced with the assistance of AI translation services.