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 AAsia are not rising as fast as sellers had hoped to reflect the escalating naphtha costs.
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Wednesday, April 20, 2011
Formosa reduces run rates at 2.93 mln tpa naphtha cracking complex
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