Formosa Plastics Corporation reported consolidated sales of June 2023. For the period, company reported sales of TWD 15.89 billion in June 2023 decreased by TWD 0.46 billon and was slightly down by 2.8% from May 2023. The reasons were as follows: The sales spread of price decreased by TWD 0.84 billion.

The consolidated sales of TWD 15.89 billion in June 2023 decreased by TWD 8.03 billion and was down by 33.6% from June 2022 mainly due to the decline of sales spread of price. The reasons were as follows: The average price of each product of the Company in June 2023 was down by 20~56% from June 2022, given (1) the prices of crude oil and petrochemical products were pushed up due to the war between Russia and Ukraine in early 2022, and (2) customer purchasing power declined, impacting the terminal demand due to the accelerated interest lifting against high inflation in the US and EU in 2023, and (3) the average contract price of the Dubai crude oil, ethylene and propylene were down by 33.8%, 26.6% and 27.6% respectively.