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Provided by: Formosa Petrochemical Corp | |||||
SEQ_NO | 1 | Date of announcement | 2022/08/08 | Time of announcement | 13:31:44 |
Subject | July 2022 Formosa Petrochemical Corp. (FPCC) Consolidated Operating Revenue Report | ||||
Date of events | 2022/08/08 | To which item it meets | paragraph 51 | ||
Statement | 1.Date of occurrence of the event:2022/08/08 2.Company name:Formosa Petrochemical Corp.(FPCC) 3.Relationship to the Company (please enter "head office" or "subsidiaries"):head office 4.Reciprocal shareholding ratios:NA 5.Cause of occurrence:July 2022 Formosa Petrochemical Corp. (FPCC) Consolidated Operating Revenue Report 6.Countermeasures:None 7.Any other matters that need to be specified: 1.July 2022 v. June 2022 Consolidated Operating Revenue Comparison: Operating revenue for July 2022 was NT$76.6 billion compared with NT$88.4 billion for June 2022, a decrease of 13.4%, totaling NT$11.8 billion. In addition, there was a decrease of NT$4.6 billion in sales volume and a decrease of NT$7.2 billion in sales price therefrom. a.Operating revenue for refining business had decreased by 12.2% compared to June 2022. Volume: The refining throughput was 15,795 thousand barrels in July 2022, an increase of 397 thousand barrels compared to June 2022. However, the total sales volume was 16,139 thousand barrels in July 2022, a decrease of 637 thousand barrels compared to June 2022 due to the sailing schedule. Price: The average petroleum sales price in July 2022 was US$121.0 per barrel, a decrease of US$15.4 per barrel compared to June 2022, resulted from the falling Dubai crude oil price and petroleum product spread. b.Operating revenue for naphtha cracking business had decreased by 23.3% compared to June 2022. Volume: The ethylene throughput was 166 thousand tons in July 2022, a decrease of 36 thousand tons compared to June 2022 as a result of weak demand, which lead to the shutdown of No.2 Naphtha cracking unit. The total sales volume was 420 thousand tons in July 2022, a decrease of 102 thousand tons compared to June 2022. Price: The sales price of ethylene, propylene and butadiene had fallen US$86, US$74 and US$193 per ton respectively compared to June 2022 due to weak demand and falling prices of naphtha. The sales price of pyrolysis gasoline had fallen US$90 per ton. The average olefins sales price had fallen US$76 per ton compared to June 2022. 2.July 2022 v. July 2021 Consolidated Operating Revenue Comparison: Operating revenue for July 2022 was NT$76.6 billion compared with NT$53.8 billion for July 2021, an increase of 42.3%, totaling NT$22.8 billion. In addition, there was a decrease of NT$1.6 billion in sales volume and an increase of NT$24.4 billion in sales price therefrom. a.Operating revenue for refining business had increased by 68.8% compared to July 2021. Volume: The refining throughput was 15,795 thousand barrels in July 2022, an increase of 2,500 thousand barrels compared to July 2021. The total sales volume in July 2022 was 16,139 thousand barrels, an increase of 1,358 thousand barrels compared to July 2021. Price: The average petroleum sales price in July 2022 was US$121.0 per barrel, an increase of US$40.4 per barrel compared to July 2021, resulted from the rising Dubai crude oil price and petroleum product spread. b.Operating revenue for naphtha cracking business had decreased by 16.4% compared to July 2021. Volume: The ethylene throughput was 166 thousand tons in July 2022, a decrease of 75 thousand tons compared to July 2021 as a result of weak demand, which lead to the shutdown of No.2 Naphtha cracking unit. The total sales volume was 420 thousand tons in July 2022, a decrease of 169 thousand tons compared to July 2021. Price: The average olefins sales price had risen US$62 per ton compared to July 2021; ethylene price +US$26 per ton, propylene price -US$29 per ton, butadiene -US$130 per ton, and pyrolysis gasoline +US$118 per ton therefrom. |
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Formosa Petrochemical Corporation published this content on 08 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2022 05:43:01 UTC.