Formosa reduces run rates at 2.93 mln tpa naphtha cracking complex

Weak petrochemical margins have pushed Taiwan's Formosa Petrochemical Corp to reduce run rates at its 2.93 mln tpa naphtha cracking complex to 90-95% from full-tilt as per Reuters. Polymer prices in Asia are not rising as fast as sellers had hoped to reflect the escalating naphtha costs.
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