PVC margins at 7-year high
KARACHI: During December 2018, polyvinyl chloride (PVC) margins went up by 18.3 percent MoM (USD 481/ton). However, purified terephthalic acid (PTA) and polyester staple fiber (PSF_ margins registered a decline of 7.1 percent MoM (USD 166/ton) and 5.9 percent MoM (USD 263/ton), respectively. “The changes in margins will have negative implications for ICI Pakistan Limited (ICI) and Lotte Chemical Pakistan Limited (LOTCHEM),” Rai aamir at Arif Habib Limited said. PVC and PTA margins are currently hovering around USD 481/ton and USD 162/ton, respectively.