Thai petrochemical business outlook remains promising

The bright outlook for petrochemicals business continues in Thailand for 2008. The petrochemical business is projected to continue growing next year since the demand and supply in the market remain closely aligned, and global polymer prices will stay high. The Thai petrochem makers will not very adversely affected by the hefty oil price hikes, as this constitutes only 20% of production costs. Almost 80% of the production costs are dependent on natural gas-based raw materials.