- End-user demand is limited in May- Unv1 Formosa crackers to be run at reduced rates



On April 18, Asian butadiene remained
stable from day to day. Discussions
on fixed price basis Local China butadiene
price rose Yuan 150/mtb> /b>day on day to be assessed at Yuan 8,650/mt on
April 18, or $1,090/mt based upon import-parity. The local China butadiene prices rose Yuan
150/mt day-on-day to Yuan 8,650/mt or $1,090/mt based on import
parity. Data showed that the local
China price was $30-35/mt more than CFR China. The data showed that the local Chinab> /b>price is $30-35/mt
higher than CFR China value. Unv1's Formosa Petrochemicals plans to maintain
its No. The No. The offline No.2 cracker is due to a leakage. The No. The No. 2 unit
can produce 162,000 mt/year butadiene. The
No. The No. The capital expenditure for the new plant was not disclosed.