What was the March revenue of USI Corporation and how did it change compared to the previous month?

The March revenue of USI Corporation was NT$4.32 billion, which represents an increase of 51.9% month-over-month.

What specific products do USI Corporation and Asia Polymer Corporation primarily produce?

Both companies primarily produce polyethylene, which is the upstream raw material for manufacturing plastic bags.

How much did Taita Chemical report for its cumulative first-quarter revenue this year, and what was the year-over-year change?

Taita Chemical reported a cumulative first-quarter revenue of NT$3.335 billion, representing a decrease of 21.19% year-over-year.

What was the year-over-year and month-over-month revenue growth of China General Plastics Corporation in March?

China General Plastics Corporation's March revenue increased by 29.4% year-over-year and grew by 37.8% compared to February.

What external factors contributed to the boost in China General Plastics Corporation's March performance?

Performance was boosted by Middle East tensions pushing up PVC prices and customers pulling orders ahead of China canceling PVC export tax rebates on April 1.

Middle East Tensions Push Up Petrochemical Prices; TTC Group's 4 Companies Hit Recent Highs in Revenue

Published Apr 9, 2026 6:40 PM ・ Updated Jun 18, 2026 10:56 PM ・ 3 min read ・ Source: CNA (Central News Agency)

Taiwan's leading petrochemical companies, the TTC Group, saw their March revenues surge to recent highs, driven by rising prices from Middle East conflicts and rush demand triggered by China's cancellation of PVC export tax rebates.

USI Corporation announced today its March revenue of NT$4.32 billion, an increase of 0.56% year-over-year and 51.9% month-over-month, hitting a near 1-year-and-4-month high since November 2024. USI's cumulative revenue for the first quarter of this year was NT$10.747 billion, down 11.52% YoY.

APC (Asia Polymer Corporation) also announced its March revenue of NT$476 million today, down 15.55% YoY but up 26.2% MoM, marking a new high for the year. APC's cumulative first-quarter revenue was NT$1.301 billion, down 15.15% YoY. USI and APC primarily produce PE (polyethylene), the upstream raw material for plastic bags.

TTC (Taita Chemical), which mainly produces ABS (Acrylonitrile Butadiene Styrene), reported March revenue of NT$1.376 billion, down 8.36% YoY but growing substantially by 67% compared to February, reaching a near 11-month high since April 2025. Cumulative first-quarter revenue was NT$3.335 billion, down 21.19% YoY.

CGPC (China General Plastics Corporation) also announced its March revenue of NT$1.082 billion today, up 29.4% YoY and growing 37.8% compared to February, setting a near 1-year-and-9-month high since June 2024. Cumulative first-quarter revenue was NT$2.673 billion, up 8.59% YoY.

CGPC primarily produces PVC (polyvinyl chloride). In addition to benefiting from the Middle East war pushing up PVC prices, China canceled its PVC export tax rebates starting April 1, causing some customers to pull orders ahead of schedule, which also boosted CGPC's March performance. (Editor: Yang Kai-hsiang) 1150409

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Source: CNA (Central News Agency)
Category: Funding
Dates in source: 1150409

Middle East Tensions Push Up Petrochemical Prices; TTC Group's 4 Companies Hit Recent Highs in Revenue

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