Maybank IB expects a windfall for PetChem in 2Q17


KUALA LUMPUR: Maybank Investment Bank Bhd expects a windfall for Petronas Chemicals (PetChem) 2Q17 results underpinned by strong average selling price (ASP) and higher volumes on the full operations of Sabah Ammonia Urea (Samur) plant.

Maybank said PetChem’s 2017 was shaping up to be a record year with stronger-than-expected product margin and sturdy global demand.

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