LyondellBasell For Q2 Expects Seasonal Demand Improvements Across Most Businesses
Portfolio Pulse from Benzinga Newsdesk
LyondellBasell (LYB) anticipates seasonal demand improvements in Q2 across most of its businesses, benefiting from low natural gas and NGL costs, especially in North America and the Middle East. The company expects increased margins from oxyfuels and refining, driven by the summer driving season's higher gasoline crack spreads and lower butane costs. LYB plans to operate its global olefins and polyolefins assets at 85% and its Intermediates & Derivatives assets at 80% capacity, aligning with market demand. It is also closely monitoring stimulus efforts and demand in China.
April 26, 2024 | 10:40 am
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LyondellBasell anticipates improved demand and margins in Q2, driven by low natural gas costs and the summer driving season.
The positive outlook for Q2 is based on seasonal demand improvements, low natural gas and NGL costs, and expected increases in oxyfuels and refining margins. Operating at high capacity in line with market demand and monitoring stimulus efforts in China indicate proactive management and potential for revenue growth.
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