7 stories mentioning TPE:6505
Every FINWIRES story that references TPE:6505, newest first.
Formosa Petrochemical (TPE:6505) reported consolidated operating revenue of NT$57.8 billion in May, up 27% from NT$45.5 billion a year earlier, according to a Monday filing with the Taiwan Stock Exchange.The rise is attributable to higher sales prices, the company said.On a month-over-month basis, revenue fell 6.1% from NT$61.5 billion in April, driven by lower sales prices, partially offset by higher volumes.
State-owned CPC Corp., Taiwan, and Formosa Petrochemical (TPE:6505) plan to keep domestic fuel prices unchanged this week despite elevated global crude oil prices, Taipei Times reported Monday.This reportedly marks the eighth straight week of no change after the government gave directives to stabilize consumer prices and ease cost pressures.Retail fuel prices at CPC and Formosa remain unchanged, with 92, 95 and 98-octane gasoline held steady at NT$32.4, NT$33.9 and NT$35.9 per liter. Premium diesel is also unchanged at NT$31 per litre at CPC stations, and NT$30.8 at Formosa pumps, the report said.CPC said it is absorbing losses of NT$3.6 per liter on gasoline and NT$5.4 on diesel, with its Dubai-Brent weighted pricing formula indicating cumulative losses of NT$15.67 billion as of May 24, the news outlet reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
State-owned CPC Corp., Taiwan, and Formosa Petrochemical (TPE:6505) plan to keep domestic fuel prices unchanged this week despite elevated global crude oil prices, after the government gave directives to stabilize consumer prices and ease cost pressures, Taipei Times reported Monday.Prices for 92, 95 and 98-octane gasoline will reportedly remain at NT$32.4, NT$33.9 and NT$35.9 per liter respectively. Premium diesel prices will stay at NT$31.0 per liter at CPC stations and NT$30.8 at Formosa stations.CPC said average global oil prices fell to $102.97 per barrel last week from $110.90 a week earlier. The company added it has absorbed about NT$14.18 billion in losses since late February to help ease fuel cost pressures on consumers and businesses, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Formosa Petrochemical (TPE:6505) booked a profit attributable to owners of NT$20.4 billion, or NT$2.14 per share, for the first quarter, according to a Thursday Taiwan bourse filing.Shares gained over 1% in recent trade on Thursday.The company did not provide comparative year-ago figures.Operating revenue stood at NT$162 billion, the operator of petroleum refineries said.
Formosa Petrochemical (TPE:6505) said a Liberian-flagged supertanker carrying 2 million barrels of Saudi crude is set to arrive at Mailiao Port, offering relief to its strained refinery operations, Taipei Times reported, citing company executive.The cargo is being delivered by the FPMC C Lord, operated by Formosa Plastics Marine.Refinery output had slumped to about 43% last month after Middle East conflict disruptions and Strait of Hormuz delays blocked scheduled shipments. Naphtha cracking utilization also dropped sharply to around 33%, reflecting tight feedstock conditions.With the new inflow and diversified sourcing from regions including the Red Sea and West Africa, the company expects utilization to recover above 60% this month and near 80% next month, though petrochemical margins remain under pressure from weak demand, the news outlet reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
CPC Corp Taiwan and Formosa Petrochemical (TPE:6505) will keep domestic fuel prices unchanged this week, extending a fifth straight week of stable pricing despite higher global oil costs, Taipei Times reported Monday.Retail gasoline prices remain at NT$32.4, NT$33.9 and NT$35.9 per liter for 92, 95 and 98-octane grades, while premium diesel is held at NT$31.0 at CPC stations and NT$30.8 at Formosa pumps, reportedly.CPC said it is absorbing NT$4.3 per litre for gasoline and NT$6.1 for diesel to cushion consumers, even as international crude prices climbed to about US$110.90 per barrel last week. The company has taken on an estimated NT$13.2 billion in losses since late-February geopolitical tensions began, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
State-owned CPC Corp., Taiwan, and Formosa Petrochemical (TPE:6505) plan to keep domestic fuel prices unchanged this week despite elevated global crude oil prices, after the government gave directives to stabilize consumer prices and ease cost pressures, Taipei Times reported Monday.The state-run firm also considered subsidy policies in neighboring markets to ensure Taiwan continues to have the lowest retail fuel prices in the region, CPC Chairman Fang Jeng-zen reportedly said.Meanwhile, Formosa Petrochemical said it aligned its pricing with CPC after factoring in global oil trends, exchange rates and domestic competition, the newspaper reported.Effective Monday, gasoline prices remain at NT$32.4, NT$33.9 and NT$35.9 per liter for 92, 95 and 98-octane fuel, respectively, while premium diesel stays at NT$31 at CPC stations and NT$30.8 at Formosa outlets, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)