[Conference Call] Lotte Chemical: "Too Early to Predict Negative Lagging... Spread Has Improved"
On May 11, during its first quarter 2026 earnings conference call, Lotte Chemical stated, "Given the current market conditions, it is too early to predict when negative lagging will occur." The company added, "Although both product and raw material prices have risen compared to the period before the war, the spread has actually improved."
The company further explained, "If product and raw material prices decline in the future, there could be negative lagging effects." However, "If price trends remain moderate through the end of the year, the impact may be limited." It added, "Since the overall supply and demand situation has not fundamentally improved, we plan to monitor the market and respond accordingly."
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Regarding the decrease in global ethylene supply following the Middle East crisis, the company stated, "Operating rates in Korea have dropped by about 15%, while those in China, Southeast Asia, and Southwest Asia have fallen by around 10%." It explained that in the Middle East, since the Iranian airstrikes, 60-70% of facilities in Saudi Arabia and neighboring countries have been shut down, preventing normal supply.
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