Taiwan’s FPCC to keep cracker op rates at 90% in May

29 April 2013 03:53  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) plans to maintain the run rates at its three naphtha crackers in Mailiao at 90% capacity in May, unchanged from April levels, a company source said on Monday.

FPCC had reduced production at its three crackers – with a combined ethylene nameplate capacity of 2.93m tonnes/year – to 90% this month from full rates in March because of poor margins then.

The source added that the company would not have any spot ethylene and propylene for sale.

Ethylene margins based on naphtha feedstock in northeast Asia plunged by $99/tonne (€76/tonne) to $113/tonne during the week ended 26 April on the back of an uptick in raw material costs and a decline in ethylene prices, according to data from ICIS.

($1 = €0.77)

By: Peh Soo Hwee
+65 6780 4359

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