Karachi May 18 2022: Lotte Chemical Pakistan Limited (LOTCHEM) share price drop 60 paisa to Rs 25.8 in today trading at Pakistan Stock Exchange as PTA margins decline 3.0% during the last week.
Purified Terephthalic Acid (PTA) margins recorded at $ 161 on the week ended 13th May 2022, a drop of nearly 3.0% week-on-week, compared to $165 on the week ended 6th May 2022 as per data published by Bloomberg.
Lotte Chemical Pakistan Limited was incorporated in Pakistan on 30 May 1998 under the Companies Ordinance, 1984 ( repealed with enactment of the Companies Act, 2017). The principal activity of the Company is to manufacture and sale of Pure Terephthalic Acid (PTA).
