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Rising Oil Prices Boost August Revenue for USI, Asia Polymer, and Delta Petrochemical
Process Industries · Chemicals: Major Diversified · economic_daily · 2026-09-08
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USI Corporation and its affiliates reported strong August revenue growth as rising oil prices spurred downstream demand and proactive procurement.
What Happened
Strong Revenue Growth: USI Corporation, Asia Polymer, and Delta Petrochemical reported robust August revenue figures, driven by rising oil prices that prompted downstream customers to increase procurement in anticipation of further price hikes.
Strategic Product Shift: Asia Polymer is actively pivoting its product strategy by reducing exposure to the sluggish photovoltaic-grade EVA market and shifting focus toward high-value coating-grade EVA and LDPE to optimize margins.
Delta Petrochemical Outlook: Delta Petrochemical saw an 11% monthly revenue increase in August, with management expecting a stronger second half of the year as supply constraints ease and downstream demand recovers.
PVC Market Adjustments: China General Plastics is implementing a 'price-over-volume' strategy by reducing operating rates for maintenance, anticipating that tighter supply in the Asian PVC market will improve market conditions by the fourth quarter.