. China’s renewed focus on the environment is resulting in the closing of polluting manufacturing facilities including those in the polyester value chain. This has resulted in the ban of import of waste PET
growth for the 100% recyclable PET and polyester and the new demand for PTA following China’s decision to discontinue the import of recycled PET. Going forward, we do not foresee any new meaningful PTA and
China’s ban of waste plastics and onwards demand for polyester products and expansion in PET demand due to its unique recyclability and sustainable manufacturing footprint as compared to other packaging
volume dropped significantly as a result of China’s lockdown. Moreover, the COVID-19 outbreak considerably affected the economies of trading partners and brought about supply chain disruptions. Domestic
. With rising benchmark prices coming from increasing prices of China’s key feedstock, naphtha, and increasing gasoline demand, US MTBE spreads improved from the lows seen in 2020. The upcoming driving
consumption from private sector. However, expenses from the government sector, and tourism industry sector continued to increase, partly benefited from the return of Chinese tourists, and a decline of the
2017. TRIS Rating, an associate of S&P in Thailand has affirmed the Company’s rating of “A+” and revised upwards its outlook to ‘Positive’ from an earlier ‘Stable’. From a performance perspective, this
/2017, with total international tourists arrivals of 8.8 million (or an increase of 6.0% YoY) and in which arrivals of Chinese tourists rebounded and started to increase again after decreasing during the