Market awaits restart of Formosa’s No. 1 700,000 tpa naphtha cracker

Formosa Petrochemical Corp has not restarted its 700,000 tpa No. 1 naphtha cracker as expected, likely due to ongoing repair work, as per Reuters. This is contrary to the expectation of many players that the cracker, shut on May 12 after a fire hit a liquefied petroleum gas (LPG) pipeline, will restart over the weekend.
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