Taiwan Formosa Chemical and Fibre Corp (FCFC), a major global manufacturer of petrochemicals, included in the structure of Formosa Plastics, March 6 suddenly stopped №1 plant for the production of styrene Mayliao (Mailiao, Taiwan), ICIS said a source familiar with the matter.

According to the source, this morning there was a sudden crash and the plant capacity of 250 thousand. Tons of styrene was forced to close.

FCFC also operates plants №2 and number 3 capacity 350 and 720 ths. Tons of styrene per year on the same production site. At the moment they are working in normal mode.

Other styrene producers in Thailand are Grand Pacific Petrochemical Corp and Taiwan Styrene Monomer Corp.

Ctirol is the raw material for the production of polystyrene (PS).

According to the price review ICIS-MRC, the price of Russian polystyrene last week remained stable after significant growth in the previous week. Trading company noted strong demand for old stocks. Particularly high buying activity observed in the MSS / M brand.

Formosa Chemicals & Fibre Corporation (FCFC) is a subsidiary of Formosa Plastics Group, with an annual income of USD13,5 billion.

Formosa Plastics – a major global chemical manufacturer headquartered in Taiwan, which mainly produces polyvinyl chloride, polypropylene, polyethylene and other petrochemical products.