Hanwha Solutions cuts prices of major products by up to 250,000 won per ton. LG Chem and SK Geocentric also lowered basic oil prices to “reduce the burden on small and medium-sized customers and respond to government support.” It will take time for vinyl production companies to fully normalize. Vinyl packaging material piled up at a market company in downtown Seoul on the 15th of last month. Yonhap News Major domestic petrochemical companies have begun to reduce the prices of petrochemical products such as basic oils and synthetic resins. Cooperation with small and medium-sized customers...