IRPC, the petrochemical arm of national oil and gas conglomerate PTT Plc, expects prices of petrochemical products, which hit a 10-year low, to increase early next year as Covid-19 eases.
Kris Imsang, president and chief executive of IRPC, blamed the impact of lockdown measures, enforced during the pandemic, as well as the Russia-Ukraine war, which flared up in February this year, for causing a downturn in the petrochemical business.
Prices of plastics and other petrochemical products reached their lowest during the third quarter of this year.
