Margin pressure is weighing on petrochemical players

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PETALING JAYA: Petrochemical players are struggling to “find a bottom” as steep margin compression continues to weigh on the industry, according to Maybank Investment Bank (Maybank IB) Research. Moving into the second half of 2023 (2H23), challenges remained for petrochemical players and the research house was “neutral” on prospects. The industry is suffering from weakening … Read more