LyondellBasell (LYB) Acquires PolyPacific Polymers in Malaysia
Zacks Investment Research | Jul 01, 2021 10:19PM ET
LyondellBasell Industries (NYSE:LYB) N.V. industry .
The company, in its last earnings call, noted that it anticipates operating at nearly full capacity globally to meet strong demand that is expected to persist owing to low inventories and maintenance downtime across industry. Strong North American integrated polyethylene margins are expected to continue as U.S. producers look to fulfil domestic order backlogs, rebuild inventories and serve export demand.
In the second half of 2021, it is expected that increased mobility will drive higher demand for gasoline and jet fuel, improving margins for its Refining and Oxyfuels & Related Products businesses. Moderating feedstock costs are also expected to increase second-quarter margins in the Advanced Polymer Solutions segment. The company looks forward to further reduce debt in the near future.
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