Middle East Tensions Push Up Petrochemical Prices; TTC Group's 4 Companies Hit Recent Highs in Revenue
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.
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- 📰 Published: April 9, 2026 at 18:40
- 🔍 Collected: April 9, 2026 at 19:00 (20 min after Published)
- 🤖 AI Analyzed: April 20, 2026 at 10:36 (255h 36m after Collected)
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
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