Primary margins for the petrochemical chain were noted on a downward trajectory (barring PVC) compared to the previous week. Latest quotes reveal core delta of PolyVinyl Chloride (PVC) inched up 1% WoW to USD495/ton.
During the week, PVC prices remained unchanged at USD860/ton for South East Asian region. Ethylene rates came off by 1% WoW to settle at USD730/ton. The latest data on margin remains neutral for Engro Polymer and Chemicals Ltd (EPCL).
Purified Terephthalic Acid (PTA) - Paraxylene (PX) margin remained under pressure for the week indicating the level of USD86/ton, down 5% WoW.
Stronger feedstock rate led to the noted decline as PX stood at USD735/ton, up 2% WoW shadowing 1% WoW uptick in PTA rates. PTA rose by USD5/ton to settle at USD575/ton.
PTA-PX margin has hovered at the same levels for the past few weeks lower than long term average of USD115/ton. The current trajectory remains negative for Lotte Chemical Pakistan Ltd (LOTCHEM).
Polyester Staple Fibre (PSF) margins stood lower by 2% WoW to USD364/ton amid higher feedstock rates. PSF prices were unchanged at USD1,046/ton. Mono-Ethylene Glycol (MEG) prices were noted at USD535/ton, up USD10/ton or 2% WoW.
BMA is amongst the leading financial groups in Pakistan. BMA Capital’s core areas of business include Capital Markets, Corporate Finance & Advisory, Asset Management, and Financial Products Distribution. BMA Capital is the leader in privatisation advisory in Pakistan, having successfully advised on over 50% of all privatisations in Pakistan, by value, in transactions valued in excess of US$4 billion. Recent transactions include joint lead managing the $813 million GDR Offering of 10% of OGDCL on the London Stock Exchange in 2006-07, and advising Etisalat on their successful acquisition of a 26% strategic stake in Pakistan Telecommunications Company Limited (PTCL) for US$2.6 billion, the largest M&A transaction and foreign direct investment in Pakistan’s history. The firm is among the top brokers in the Pakistan equity and treasury markets, and is among a handful of firms that comprehensively cover all segments of the capital markets. This is supported by a very strong and independent research capability, which is quoted regularly in both local and international media. BMA Capital’s retail brokerage brand, BMA Trade, has launched a nationwide network of branches as well as a comprehensive online trading platform, enabling investors across Pakistan to take part in the capital markets.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.