What was the reason Formosa Petrochemical Corp lifted its force majeure on olefins, and when did it take effect?

Formosa Petrochemical Corp (FPCC) lifted its force majeure declaration on its olefins division on 3 June, citing 'improved operating conditions' as stated in a note to customers and business partners.

What is the ICIS forecast for global ABS demand growth in 2026, and what key factors are driving this slowdown?

ICIS forecasts global ABS demand growth will slow to 2% in 2026, driven by a chain reaction from the Middle East conflict that is causing inflationary pressures, tight supply, and higher pricing.

Asia Top Stories – Weekly Summary

Jun 8, 2026

Formosa Petrochemical lifted force majeure on olefins while Indonesia proposed antidumping duties on polypropylene imports. Regional chemical markets including melamine and ABS show mixed trends driven by feedstock volatility and geopolitical factors.

icis

Americas Top Stories: Weekly Summary

icis

2026-01-19

Formosa Petrochemical’s No. 1 Cracker Shut Indefinitely

2026-03-25

Formosa Chemicals & Fibre declares force majeure on aromatic products

2026-06-08

Asia Top Stories – Weekly Summary

2026-08-26

Formosa Chemicals restarts Ningbo phenol/acetone plant after feedstock disruption

Asia Top Stories – Weekly Summary

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