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

Weekly Market Roundup

PSX Closing Bell: Hold On, We’re Going Up

Pakistan Hotels Developers seeks 6-month extension in liquidation process

Name	Price/Vol	%Chg/NChg
KSE100	172,400.73 346.40M	0.92% 1570.51
ALLSHR	103,483.96 796.97M	0.55% 561.58
KSE30	52,734.06 184.56M	1.08% 564.57
KMI30	245,565.33 110.97M	1.07% 2605.02
KMIALLSHR	67,233.70 319.67M	0.68% 453.28
BKTi	47,898.10 95.85M	0.98% 462.51
OGTi	33,838.49 13.78M	1.39% 464.88

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,265.00	88,400.00 87,975.00	305.00 0.35%
BRENT CRUDE	61.15	61.20 60.87	0.51 0.84%
RICHARDS BAY COAL MONTHLY	87.50	0.00 0.00	1.05 1.21%
ROTTERDAM COAL MONTHLY	94.50	0.00 0.00	-0.70 -0.74%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	57.19	57.23 56.91	0.45 0.79%
SUGAR #11 WORLD	15.17	15.28 15.08	-0.12 -0.78%