Taiwan’s FPCC buys 30,000 tonnes heavy naphtha for H1 Nov

27 September 2012 03:31  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) has bought by tender 30,000 tonnes of heavy naphtha for delivery to Mailiao in the first half of November, traders said on Thursday.

The price for the cargo was not immediately available.

FPCC cancelled a tender to purchase open-spec naphtha supplies, because of its lower cracker run rates as a result of a recent fire at its sister company Nan Ya Plastics’ monoethylene glycol (MEG) plant, the traders added.

Taiwanese producer Nan Ya Plastics shut its 720,000 tonne/year No 4 MEG plant at Mailiao in Yunlin County on Wednesday morning following a fire. The blaze erupted at the plant at 10:05 hours Taiwan time (18:05 hours GMT) and was extinguished more than an hour later.

By: Felicia Loo

AddThis Social Bookmark Button

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.

Printer Friendly

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