Taiwan's FPCC May 500N base oils local list prices flat from April

Source: ICIS News


SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) kept its May Group II 500N local list unchanged from April, market players said on Monday.

The price adjustment took effect on 1 May, but confirmation was not available earlier because some market participants were away on public holidays in the previous week.

The price stability was attributed to stable demand and supply fundamentals, sources added.

FPCC also sells 70N and 150N base oil grades. According to sources, its 70N prices were softer whereas 150N prices rose month on month.