Taiwan's FPCC halts spot base oils supply to China in August

02 August 2012 07:48  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) will not sell base oils cargoes to China this month because of ongoing maintenance at its 600,000 tonne/year facility at Mailiao, a company source said on Thursday.

The Group II base oils plant was taken off line in late July for a 45-day turnaround.

FPCC will continue supplying Group II base oils to contract customers in China, with August volumes at around 10,000 tonnes, the source said.

The company will be mainly committed to contract supplies this month, reducing its global supply by about 60% from July to around 20,000 tonnes for August delivery, the source said.

FPCC exported a total of 10,000 tonnes of Group II base oils to China in July, including 2,000 tonnes of spot cargoes.

By: Whitney Shi
+65 6780 4359

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