26 June 2012 08:23 [Source: ICIS news]
The No 2 cracker is now expected to restart on 2 or 3 July while the No 3 cracker is due to resume operations on 12 or 13 July, the source said.
Both crackers were shut following a power disruption at the site on 20 June.
A two hour-long suspension of electricity supply at around noon Taiwan time (04:00 GMT) last Wednesday had forced about 95% of the plants at the complex to be shut, including downstream units belonging to various firms within the Formosa group, according to industry sources.
FPCC also runs another 700,000 tonne/year No 1 naphtha cracker in Mailiao, which was shut on 19 June for scheduled maintenance until 5 August, the company source said.
The outage had boosted ethylene prices this week as FPCC is seeking spot cargoes for early to mid-July arrival, market and company sources said.
Ethylene was assessed at $950-1,000/tonne (€760-800/tonne) CFR NE Asia at noon, representing a $30-40/tonne increase from levels a week earlier.
($1 = €0.80)
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