What was LG Chem's petrochemical business net profit in Q2, and how did it compare to the same period last year?

LG Chem's petrochemical business recorded a net profit of 427 billion KRW (approximately $294.5 million) in Q2, reversing a net loss of 90 billion KRW from the same period last year.

What key factors did LG Chem attribute to the profitability turnaround in its petrochemical business?

LG Chem attributed the profitability turnaround to the positive inventory lag effect: it had built up raw material inventory at lower prices prior to the surge in international oil and petrochemical feedstock prices triggered by Middle East geopolitical tensions, while simultaneously benefiting from widened price spreads for major petrochemical products.

LG Chem Petrochemical Business Turns Profitable

Aug 7, 2026

LG Chem's petrochemical division posted a net profit of 427 billion KRW in Q2, reversing a prior-year loss. The turnaround was driven by inventory lag effects and widened product spreads despite temporary production disruptions.

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