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1st quarter asp poly olefin range from usd 1200 till 1500++, 2nd quarter traded at around usd 1400 down 1250, 3rd quarter around 1200++ per metric ton, 80% of lc titan revenue derive from poly olefin products sale
Expect 3rd quarter report to b highly positive bcos feedstock (naphtha) price drop from highest usd1100/ton in 2nd quarter to usd 664/ton, gradually drop from usd 800 till 664 in 3 months, 2nd quarter it did mention, major reason loss 145mil is bcos feedstock price up 64%,plus China lock down 2nd