Petrochemicals: Core deltas continue to depict volatility – By BMA Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In the latest trends noted for the petrochemical chain, PTA-PX margins remained squeezed throughout Dec&rsquo;19 declining by 17% MoM while PVC-Ethylene core delta rose 12% MoM as spot margins reached a level of USD500/ton.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We highlight improvement in PVC core delta remains a positive development for Engro Polymer &amp; Chemicals Limited (EPCL). On the other hand, attrition in PTA margins is expected weigh down on the profitability of Lotte Chemical Pakistan Limited (LOTCHEM).</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Weekly update of petrochemical prices suggests core delta of PolyVinyl Chloride (PVC) rose by 1% WoW to ...