26 January 2011 02:31 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) is operating its three naphtha crackers at full rates, a company source said on Wednesday.
The crackers can jointly produce 2.93m tonnes/year.
Earlier this week, Formosa bought 110,000 tonnes of spot naphtha for delivery into Mailiao, Taiwan, in the first half of March, at a premium of $2-3/tonne (€1-2/tonne) to Japan quotes CFR (cost & freight).
“Spot demand is still healthy in Asia,” said a trader in Singapore.
($1 = €0.73)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections