What is Lotte Chemical's outlook for global petrochemical demand and feedstock price volatility in Q3 2026?

Lotte Chemical expects continued price volatility and a slow recovery in global petrochemical demand in Q3 2026, citing persistent external uncertainties—including the impact of the Middle East war—as key factors delaying demand recovery and weighing on the industry.

How is Lotte Chemical restructuring its operations, and what major milestones are planned for Daesan and Yeosu in 2026?

Lotte Chemical is restructuring its major petrochemical hubs: the Daesan spin-off concluded in June 2026, with the new integrated entity Lotte Daesan Petrochemical set to launch in September 2026 and merge with HD Hyundai Chemical by September 2026 into a 50:50 joint venture; in Yeosu, following July 2026 approval of the restructuring plan, Lotte Chemical will carve out its naphtha cracking center (NCC) and basic materials operations to merge them with YNCC into a new integrated entity.

South Korea’s Lotte Chemical Expects Continued Price Volatility, Slow Demand Recovery in Q3 2026

Aug 11, 2026

Lotte Chemical projects sustained feedstock volatility and delayed demand recovery in Q3 2026 while securing profitability for a second consecutive quarter. Strategic restructuring and a pivot toward specialty sectors like battery materials aim to bolster long-term competitiveness.

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