Formosa Petrochemical Corp (6505.TW)
21 Jun 2018
SINGAPORE, June 14 Asia's naphtha crack edged up 2 cents to $87 a tonne on Thursday, the highest since June 6, supported by firm demand. - But improving supplies impacted fundamentals and spot naphtha premiums came tumbling down after hitting near four-year highs in late May. - Taiwan's Formosa Petrochemical Corp, for instance, bought some 150,000 tonnes of open-specification naphtha for second-half July delivery to Mailiao at premiums of about $8.50 a tonne to its own
SINGAPORE, Jan 12 Taiwan's Formosa Petrochemical Corp has bought lower naphtha volumes for February than January due to fewer days next month and also because it is returning to using alternative feedstock, traders familiar with the matter said on Friday.