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PCB plant is not busy season pass CCL South Asia
Date:2016-08-31

Nan Ya Plastics is expected to cut its heavy plate CCL (CCL) prices, the average cut rate of about 10%. It was pointed out, cut the price of the main consideration in the PCB industry downstream season market conditions than expected! But South Asia General Manager Wu Jiazhao said that the current text of the sign has not been served on him here, so the program does not cut as noted. Internal South Asia believe that revenues will continue to decline in September compared with August, mainly plastic products, including its main product of ethylene glycol (EG) prices continued to decline, coupled with excessive volatility in oil prices, to buy gas continued to wait and see. In addition, the supply of raw materials plant, Formosa Plastics Group affiliates in September to begin annual maintenance, also affected the feed. The third quarter of last year, a record high price of EG, then become profitable Dabu pills in South Asia last year, but this year EG prices continued to decline, from $ 1,415 per metric ton in early, early April fell to US $ 1,115, more formal last week fell below 800 US dollars, setting a new low this year, and now accounts for South Asia EG revenue of about 30% the proportion of revenue is bound to impact profit also probably will be affected. In addition, Formosa Plastics in September and October were revised years, including one set of refining equipment and a set of ethylene plant, market estimates, two-year-old equipment repair, will affect 9 and October sales performance. Formosa Plastics noted, in particular, almost the entire month of September in annual maintenance, the impact than the giant, in October the annual maintenance only half a month, the impact is relatively small. Formosa Plastics spokesman Lin Keyan noted that when Hugh years, will affect the refining capacity of about 25% to 30%, which itself is part of the Formosa Plastics will be affected, but the impact is limited. However, six light four annual capacity of 1.2 million tons of ethylene device part of the year-old Hugh, is expected to 1.5 months annual maintenance time, the impact of production capacity will reach 150,000 tons, which is part of the larger to the inner Formosa Plastics Group and supply impact, thus market estimates, the 2-year-old sets of equipment repair, and will affect the Formosa Plastics Group shares including Formosa Plastics, South Asia and Taiwan in September and October of revenue.


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