3Q17 Results

Investor Presentation

09/11/2017

Ethylene - Naphtha spread averaged US$ 681/ton in 3Q17

  • Ethylene-naphthaspreads decreased by 3% from the average of US$ 705/ton in the 2Q17 to US$ 681/ton in the 3Q17.

Ethylene - Naphtha spread averaged US$ 705/ton in 2Q17

• Spreads remained strong during the third quarter.

PLATT's Index averaged US$ 947 per ton in 3Q17

  • PLATT's index increased to $947 per ton in 3Q17 from $918 per ton in 2Q17.
  • Modest increase in petrochemical price index. Increase was mainly driven by aromatics and oil prices
  • In 3Q17 PLATT's index is %12,3 above 2016 average.

Feedstock vs. Product Prices in 3Q17

Feedstock vs. Product Prices in 2Q17

  • The relative price of crude oil (naphtha/lpg) and natural gas (ethane) has the biggest impact on feedstock competiveness
  • Co-productvalues such as propylene, c4 and pygas also impact unit cost margins
  • Thermoplastics price remain high and provided strong margin contribution from the polymer part of value chain.
  • The result for the quarter and nine months reflects an improved margin environment thanks to better capacity utilization, supportive market conditions, ongoing efficiency and operational/commercial excellence programs.
  • Petkim, again with significant production performance, reached %102 ethylene capacity utiliziation rate which is reflected to high volume of sales from production.

Costs and Operational Efficiency in 3Q17

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Petkim Petrokimya Holding AS published this content on 14 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2023 10:34:01 UTC.