15 July 2010 09:15 [Source: ICIS news]
SINGAPORE (ICIS news)--Taiwan’s Formosa Petrochemical Corp (FPC) would defer the deliveries of some term naphtha supply from August to December, in the aftermath of a cracker explosion in Mailiao last week, traders said on Thursday.
The No 2 cracker was originally scheduled to be taken off line from August 20-22.
The company also pushed back the period of a recent term tender, in which it bought 1.0-1.5m tonnes of naphtha. Delivery of the term supply would start in January 2011 instead of the planned October 2010, and last through September 2011.
With major buyer
($1 = €0.79)
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