06 August 2010 09:16 [Source: ICIS news]
The cargoes fetched a discount of $5-7/tonne (€3.80-5.30/tonne) to Japan quotes CFR (cost & freight), they added.
The shutdown at its No 2 cracker had originally been scheduled to begin in late August, but was pushed back after a blast in early July shut down its 700,000 tonne/year No 1 naphtha cracker at the same site.
The No 1 cracker was likely to be restarted in late September or early October, according to a company source.
Formosa also operates a 1.2m tonne/year No 3 naphtha cracker in Mailiao.
($1 = €0.76)
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