皇冠体育寻求亚洲战略合作伙伴,皇冠代理招募中,皇冠平台开放会员注册、充值、提现、电脑版下载、APP下载。

首页社会正文

哈希竞彩游戏:PetChem to gain from rise in plant utilisation rates

admin2022-09-237

哈希竞彩游戏www.hx198.vip)采用波场区块链高度哈希值作为统计数据,游戏数据开源、公平、无任何作弊可能性,哈希竞彩游戏开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏源码下载、出售。

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.

,

皇冠手机管理端www.hg9988.vip)是一个开放皇冠手机管理端即时比分、皇冠手机网址代理最新登录线路、皇冠手机网址会员最新登录线路、皇冠网址代理APP下载、皇冠网址会员APP下载、皇冠网址线路APP下载、皇冠网址电脑版下载、皇冠网址手机版下载的皇冠新现金网平台。

,

“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.

网友评论

1条评论
  • 2022-09-23 00:09:10

    科技日报讯 (记者刘霞)据英国剑桥大学官网近日报道,该校科学家开发出一种分析癌症患者血液以检测癌症情况的新方法,其灵敏度比现有方法提高10倍多。未来几年,这种方法以及其他类似方法可能会催生更精确的测试,更准确地确定患者治疗后是否会复发,也为开发居家血检铺平了道路。,研究人员解释称,该技术利用针对患者肿瘤的个性化基因测试,从血液样本中搜索循环肿瘤DNA(ctDNA)中数百种不同的基因突变。ctDNA是癌细胞释放的进入血液的DNA。文艺范儿的