Formosa mulls run rate cuts due to shortage of the feedstock naphtha in Asia

Faced with a shortage of feedstock naphtha in the region, Taiwan’s Formosa Petrochemical Corp. is considering to lower run rate. Supply constraints have been caused due to failure in timely delivery and also short supplies by few naphtha suppliers. Taiwan's two major petrochemical companies, Formosa Plastics and Asia Polymer have suspended export price quotations for two PE and EVA, following SABIC's announcement to halve its polyethylene supplies to long term Asian contract customers for the first two months of the year.
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