首页 社会内容详情
新2网址(www.hg108.vip):PetChem to gain from rise in plant utilisation rates

新2网址(www.hg108.vip):PetChem to gain from rise in plant utilisation rates

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

新2网址www.hg108.vip)实时更新发布最新最快的新2代理线路、新2会员线路、新2备用登录网址、新2手机版登录网址、新2皇冠登录网址。

PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) should fare better in the second half of 2022 (2H22) with its plant utilisation (PU) rates expected to rise to an average 90% from 79% in the 1H22, to offset any price weakness in its chemical products.

PetChem posted a core net profit of RM1.9bil for the second quarter ended June 30 (2Q22), which was largely unchanged on a year-on-year (y-o-y) basis, but 10% lower quarter-on-quarter (q-o-q) as PU rates fell to 72%, which negatively impacted production and sales volumes.

Average PU rates of PetChem plants are likely to rise in the 2H22 and provide a boost to earnings and help offset anticipated weakness in product prices, according to CGS-CIMB Research.

“PetChem’s PU will likely be higher than 1H22, as there are no further planned turnaround activities, which could provide an earnings tailwind.

“PetChem’s guidance for at least 90% PU for the full year implies 2H22 PU of at least 101%,” the research house said in its report yesterday.

Petrochemical selling prices have peaked and are on the way down on weaker global demand due to inflation and as global production capacity increases, according to the Research house. It stated high density polyethylene (HDPE) prices in the region averaged US$1,299 (RM5,830) per tonne in 1Q22, US$1,332 (RM5,978) per tonne in 2Q22 and US$1,141 (RM5,121) per tonne in 3Q22, and was last traded at US$1,040 (RM4,667) per tonne on Aug 12.

,

足球博彩分析www.hg108.vip)是一个开放皇冠即时比分、代理最新登录线路、会员最新登录线路、皇冠代理APP下载、皇冠会员APP下载、皇冠线路APP下载、皇冠电脑版下载、皇冠手机版下载的皇冠新现金网平台。足球博彩分析上登录线路最新、新2皇冠网址更新最快,足球博彩分析开放皇冠会员注册、皇冠代理开户等业务。

,

“If HDPE prices do not pick up in 4Q22 as PetChem is hoping for, there is downside risk to our current forecasts for FY22-FY23 that are based on HDPE prices of US$1,351 (RM6,871) and US$1,148 (RM5,152) per tonne respectively.

An analysis of spot prices for other products like LDPE (low density polyethylene), MEG (mono-ethylene glycol), methanol and urea yields the same conclusion,” CGS-CIMB Research added.

The negative impact of lower PU to PetChem’s 2Q22 earnings was mitigated by higher q-o-q polymer selling prices and stronger q-o-q aromatics spreads against naphtha, while the group also benefited from the appreciation of the US dollar by booking in RM163mil in net foreign exchange gains in the quarter.

The fall in PU in 2Q22 was mainly due to plant turnaround activities at its Labuan methanol plant two and the Sabah fertiliser plant as well as additional maintenance at the Bintulu fertiliser plant and at an ammonia plant to address performance issues, while water supply to the Kedah fertiliser plant was temporarily cut due to drought.

PetChem 2H could also get a boost from the proposed RM7bil acquisition of Perstorp Holdings AB, a Swedish specialty chemicals company, according to AmInvestment Bank (AmInvest) Research.

The acquisition is expected to be value-accretive and strengthen PetChem’s petrochemical portfolio, while accelerating its expansion into higher margin derivatives, specialty chemicals and solutions.

  • 足球博彩app(www.99cx.vip) @回复Ta

    2022-09-08 00:08:31 

    比如迪巴拉的续约问题,阿根廷媒体已经开始爆料说迪巴拉决定不与尤文图斯续约了,而且球员本人对近期尤文CEO阿里瓦贝内的话感到失望,可就在本场之前,刚刚充当俱乐部新的发言人的阿里瓦贝内再次提到了球衣荣誉论“我说迪巴拉的话适用于所有球员,我想要看到他们的勇气、魄力和获胜的欲望,对穿着尤文10号球衣的人来说应该意识到对我们的责任分量。”他似乎仍然对球员的态度有所保留。他还同时暗示转会市场不会有什么动作,不知道阿莱格里会怎么想。不管怎样,忘掉超级杯的结果,专心备战联赛才是更重要的事。只会666了

发布评论