Petrochemical giant Chandra Asri (TPIA) has fallen 11.8% from its recent peak (Rp9,350 = Rp167 trillion) to Rp8,250 yesterday following spike in crude oil. But, even lower average prices of naphtha—-main raw material—-failed to generate stronger bottom line in the first half. Chandra Asri’s net profit collapsed 71% to US$32.9 million only in the period. To subscribe please click here