12 May 2011 13:37 [Source: ICIS news]
SINGAPORE (ICIS)--Formosa Plastics Corp (FPC) is operating its polypropylene (PP) facility at ?xml:namespace>
"We won’t be able to cover our costs at the current propylene prices, even if we sold PP at $1,720/tonne (€1,204/tonne) FOB (free on board)
The source declined to reveal its propylene feedstock cost for May but he said naphtha-based producers in
FPC’s PP facility at Linyuan comprises a 230,000 tonne/year line and a 120,000 tonne/year plant, according to ICIS.
The producer had run its PP plants at 80% capacity in April, down from its normal operating rate of 100% due to thin margins, he said.
($1 = €0.70)
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