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If the naphtha vs ethylene derivatives ptice spread remains good then the company has a good chance of returning to a profitable level. Currently its at its healthiest level for the past 18 months
Their profit will continue to drop. Nobody knows what is the impact to earnings. Until the coronavirus situation is over, chemicals demand will continue to decrease.
Chemical industry have a poor outlook in the next 3 months. With crude oil now dropping to USD 50 per barrel, PCHEM stands to have lower earning potential with lower chemicals demand and excess supply.
