Formosa Chemicals Force Majeure Impacts Supply

Formosa Chemicals & Fibre Corp. (FCFC) has declared a force majeure event due to ongoing conflicts in the Middle East, which have disrupted the supply of key feedstocks.

• Supply of pyrolysis gasoline and naphtha has been significantly reduced
• Aromatics production is expected to drop by over 50%
• Related products such as styrene, phenol, PTA, and plastics may face supply shortages
• FCFC will be unable to fulfill supply contracts starting April 1, 2026
• The company will negotiate delivery volumes and schedules with customers

👉 This force majeure could lead to tight supply in styrene and plastics markets, especially in Asia, amid ongoing feedstock disruptions.