Taiwan’s FPC maintains NBA plant run rate at 85% on weak market

15 May 2014 11:06 Source:ICIS News

SINGAPORE (ICIS)--Taiwan’s Formosa Plastics Corp (FPC) is maintaining the operating rate at its 250,000 tonne/year n-butanol (NBA) plant at Mailiao at 85% capacity, on the back of poor demand from downstream end-users, a source close to the company said on Thursday.

The plant has been operating at this rate for almost two months, the source said, adding that this is likely to continue given the current market conditions.

Previously, before March, the plant was operating at 100%, the source said. 

Several market participants said that although the lower operating rate could result in tighter supply in the market, it is unlikely to have a significant  impact on spot NBA prices, given the weak buying interest in both southeast and northeast Asia.

By Trixie Yap