Lotte Chemical extends plant suspension to November 12

MG News | October 30, 2023 at 11:11 AM GMT+05:00

0:00

October 30, 2023 (MLN): The management of Lotte Chemical Pakistan Limited (PSX: LOTCHEM) has decided to extend the suspension of its Plant operations till 12 November 2023 due to lower downstream demand.

Through this plant closure, the company aims to efficiently manage its inventory and production.

To recall, LOTCHEM issued a notice to PSX on October 17 to suspend plant operations from October 18 to October 29, 2023.

The principal activity of the company is to manufacture and sale of Pure Terephthalic Acid (PTA).

At the time of writing, the company's share is being traded at Rs.25.49, up by 0.32% DoD.

Copyright Mettis Link News

Related News

SYM reports strong FY25 profit, declares final 5% cash dividend

Weekly Market Roundup

First National Equities Limited expands into real estate and infrastructure

Name	Price/Vol	%Chg/NChg
KSE100	154,967.83 137.27M	0.34% 528.15
ALLSHR	94,923.20 523.59M	0.27% 255.04
KSE30	47,318.05 66.86M	0.42% 198.14
KMI30	226,300.12 68.29M	0.08% 174.40
KMIALLSHR	63,667.53 230.64M	0.15% 98.47
BKTi	41,816.89 24.56M	0.47% 194.07
OGTi	31,504.65 5.93M	0.05% 15.86

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,000.00	117,240.00 115,000.00	-2265.00 -1.93%
BRENT CRUDE	67.28	67.52 66.78	0.29 0.43%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-1.20 -1.41%
ROTTERDAM COAL MONTHLY	93.00	0.00 0.00	0.05 0.05%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.02	63.24 62.52	0.33 0.53%
SUGAR #11 WORLD	15.95	15.98 15.84	0.16 1.01%