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.
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)
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