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Whoever that is using naptha as their feedstock and producing plastics/polymers as their final products will benefit from the happenings in petrochemicals industry in Korea and China. In this case, Lctitan impact should be more positive compared to PChem.
you will need to manage it well. if you have been following LCTitan's performance losses - its the overcapacity/oversupply situation which is the main culprit. China's intention is to produce more specialty chemicals (one of PChem's major segment) and will be upgrading 40% of its petrochemical plants. The upgrading will cause supply shock in the near term until the completion of the upgrades. As for the 25% capacity cut in Korea, that will cause the naptha demand to shrink and leading to lower naptha price - lower input cost for naptha feedstock.
No doubt internally showing it has very good cost control despite lower revenue for the latest 3 consecutive quarters; revenue declined by ~17% while cogs came down by ~20%. The happenings at the parent company and industry will benefit LCTitan but it will take a while to be reflected in the earnings. Its a long game.
