0222 GMT - LG Chem 1Q earnigns are expected to see a limited impact from the Middle East conflict, Daiwa Capital's Henny Jung and Yoonki Bae say. Geopolitical tensions have raised expectations of near-term naphtha shortages, and potential petrochemical supply shortfalls have recently lifted sector share prices, the analysts write in a note. But they caution that petrochemical fundamentals remain weak, with modest improvement expected in 1Q. They note that the South Korean chemical company holds about one month of naphtha inventory, and difficulties in procurement could lead to lower factory utilization in 2Q. They caution against overly optimistic sentiment. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 22:22 ET (02:22 GMT)
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