Taiwan’s FPCC mulls cracker rate cuts on sharp market slump

20 March 2013 08:58  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) is considering reducing run rates at its three naphtha crackers at Mailiao, a company source said on Wednesday.

The three crackers –  with a combined ethylene nameplate capacity of 2.93m tonnes/year – are currently running at 100% capacity, he said.

Ethylene margins based on naphtha feedstock have come under pressure in northeast Asia partly because of sharp falls in ethylene and co-product prices.

Ethylene margins fell by $90/tonne (€70/tonne) to just $21/tonne during the week ended 15 March, according to data from ICIS.

($1 = €0.78)

By: Peh Soo Hwee
+65 6780 4359

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