SINGAPORE (ICIS)--Taiwan’s Formosa Plastics Corporation (FPC) may switch to produce low density polyethylene (LDPE) at its Mailiao-based ethylene vinyl acetate (EVA)/LDPE swing unit in September, a company official said on Tuesday.
“We may swing production to LDPE in September depending on market [conditions],” he said.
The company operates another 168,000 tonne/year tubular EVA unit at the same location.
During the week ended 13 June, spot prices of EVA with 14-20% vinyl acetate (VA) content in China were at $1,200-1,350/tonne CFR (cost and freight) China Main Port, a decrease of $50/tonne on the low end of the range, ICIS data showed.
Depending on the VA content, EVA has applications in the foaming/footwear, hotmelt adhesives, wire & cable coatings and photovoltaic industries.