LG Chem, Stock Price Up 2.99% at This Hour... 'Beneficiary of Strong Propylene, Weak Butadiene/Benzene'

As of 9:30 AM on the 5th, LG Chem is trading at 430,000 KRW, up 2.99% from the previous day. The trading volume is 281,653 shares, which is 29.34% of the previous day's volume. LG Chem is known as a specialized company in petrochemical products and electronic materials.

On June 4th, Lee Dong-wook, a researcher at Kiwoom Securities, stated, "In the petrochemical sector, when the prices of butadiene/benzene in the product mix decline, profit margins tend to improve. Due to the recent sharp drop in raw material prices, margin improvements are expected for the company's styrene-based polymers/rubber/phenol derivatives. Additionally, with the recent strong propylene prices, the ASP in the acrylic/SAP sector is also expected to maintain a solid trend. To hedge against monomer price volatility, the company plans to complete the expansion of the Yeosu cracker by next year. LG Chem is a representative beneficiary of the butadiene price decline." He set LG Chem's target price at 500,000 KRW.

Over the past five days, individual investors have net sold 405,522 shares of LG Chem, while foreigners and institutions have net bought 158,335 shares and 245,083 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article creation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.