Formosa Plastics Group's Four Treasures: April Shipments Down, Prices Up; Total Revenue NT$139.6 Billion, Up 26% Year-on-Year
The US-Iran war disrupted the global petrochemical supply chain, leading to decreased shipment volumes but increased prices for Formosa Plastics Group's Four Treasures in April. Their combined revenue reached NT$139.6 billion, a 26.2% year-on-year increase.
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- 📰 Published: May 7, 2026 at 17:13
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Central News Agency
(Central News Agency reporter Zeng Renkai, Taipei, 7th) The US-Iran war disrupted the global petrochemical supply chain. Formosa Plastics Group's "Four Treasures" today announced their April performance, with product shipments all showing "decreased volume and increased price." The total revenue of the four major companies in April was NT$139.63 billion, a decrease of 1.4% month-on-month, but a significant increase of 26.2% year-on-year.
In the first four months of this year, the total revenue of the Formosa Plastics Group's Four Treasures was NT$493.952 billion, a year-on-year increase of 3.9%.
Formosa Plastics today announced April revenue of NT$18.326 billion, a month-on-month increase of 5.6% and a year-on-year increase of 13.3%.
Formosa Plastics stated that as the US-Iran war continues, crude oil and naphtha prices have risen, driving up the contract prices of ethylene and propylene by 23% in April compared to March, pushing up the prices of various petrochemical products in the midstream and downstream. The average price of Formosa Plastics' main products in April all increased compared to March, with increases ranging from 20% to 55%.
However, due to the blockade of the Strait of Hormuz, the supply of crude oil and naphtha was interrupted, and the domestic CPC and Formosa Petrochemical's raw materials were discounted, resulting in a decrease in the production of various Formosa Plastics products, prioritizing the needs of domestic downstream processing customers.
Nanya Plastics' April revenue was NT$27.681 billion, a month-on-month increase of 1.9% and a year-on-year increase of 19.4%, reaching a new high in nearly 45 months.
Nanya Plastics stated that the recent continuous tension in the Middle East has severely impacted the supply of petrochemical raw materials, causing drastic price fluctuations and tight shipping schedules. The pressure on product quotation and order intake, as well as production and sales allocation, has sharply increased, leading to a "decreased volume and increased price" situation for most products.
However, Nanya Plastics' electronic materials products have strong demand, leading to higher performance; the Texas EG (ethylene glycol) plant is also operating at full capacity due to increased profit margins and sufficient raw material supply, contributing to revenue; and the South Carolina polyester plant's sales increased due to US customers replacing imports with domestic purchases, increased transfer orders, and the peak season for bottle-grade chips, all contributing to the rise in Nanya Plastics' April revenue.
Formosa Chemicals & Fibre's April revenue was NT$32.101 billion, a month-on-month decrease of 4.8% and a year-on-year increase of 28.2%.
Formosa Chemicals & Fibre stated that the month-on-month decrease in April revenue was mainly due to the annual overhaul of Formosa Chemicals & Fibre's ARO-3 (Aromatic Plant 3), which resulted in reduced sales volume. In terms of price, due to the unresolved ceasefire agreement in the Middle East military conflict, the Strait of Hormuz remained blocked, and crude oil prices remained high, driving up the prices of petrochemical and plastic products.
Formosa Petrochemical's April revenue was NT$61.522 billion, a month-on-month decrease of 2.8% and a year-on-year increase of 33%.
Formosa Petrochemical stated that the month-on-month decrease in April revenue was mainly affected by the full-month scheduled inspection of the second atmospheric distillation unit (CDU#2) and the delay in crude oil delivery from the Middle East due to the US-Iran war. The total sales volume of all products in April was 9.292 million barrels, a sharp decrease of 3.09 million barrels compared to March.
In terms of price, the easing of US-Iran tensions caused the average price of Dubai crude oil in April to fall to US$105.7 per barrel, a decrease of US$22.8 per barrel compared to March. However, due to the delayed effect of the Strait of Hormuz blockade, some refineries in Asia and the Middle East were forced to reduce production, leading to a sharp contraction in refined oil supply, which pushed up spot prices of refined oil. As a result, the average price of Formosa Petrochemical's all products in April actually increased by US$35.2 per barrel compared to March. (Editor: Yang Lanxuan) 1150507
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(Central News Agency reporter Zeng Renkai, Taipei, 7th) The US-Iran war disrupted the global petrochemical supply chain. Formosa Plastics Group's "Four Treasures" today announced their April performance, with product shipments all showing "decreased volume and increased price." The total revenue of the four major companies in April was NT$139.63 billion, a decrease of 1.4% month-on-month, but a significant increase of 26.2% year-on-year.
In the first four months of this year, the total revenue of the Formosa Plastics Group's Four Treasures was NT$493.952 billion, a year-on-year increase of 3.9%.
Formosa Plastics today announced April revenue of NT$18.326 billion, a month-on-month increase of 5.6% and a year-on-year increase of 13.3%.
Formosa Plastics stated that as the US-Iran war continues, crude oil and naphtha prices have risen, driving up the contract prices of ethylene and propylene by 23% in April compared to March, pushing up the prices of various petrochemical products in the midstream and downstream. The average price of Formosa Plastics' main products in April all increased compared to March, with increases ranging from 20% to 55%.
However, due to the blockade of the Strait of Hormuz, the supply of crude oil and naphtha was interrupted, and the domestic CPC and Formosa Petrochemical's raw materials were discounted, resulting in a decrease in the production of various Formosa Plastics products, prioritizing the needs of domestic downstream processing customers.
Nanya Plastics' April revenue was NT$27.681 billion, a month-on-month increase of 1.9% and a year-on-year increase of 19.4%, reaching a new high in nearly 45 months.
Nanya Plastics stated that the recent continuous tension in the Middle East has severely impacted the supply of petrochemical raw materials, causing drastic price fluctuations and tight shipping schedules. The pressure on product quotation and order intake, as well as production and sales allocation, has sharply increased, leading to a "decreased volume and increased price" situation for most products.
However, Nanya Plastics' electronic materials products have strong demand, leading to higher performance; the Texas EG (ethylene glycol) plant is also operating at full capacity due to increased profit margins and sufficient raw material supply, contributing to revenue; and the South Carolina polyester plant's sales increased due to US customers replacing imports with domestic purchases, increased transfer orders, and the peak season for bottle-grade chips, all contributing to the rise in Nanya Plastics' April revenue.
Formosa Chemicals & Fibre's April revenue was NT$32.101 billion, a month-on-month decrease of 4.8% and a year-on-year increase of 28.2%.
Formosa Chemicals & Fibre stated that the month-on-month decrease in April revenue was mainly due to the annual overhaul of Formosa Chemicals & Fibre's ARO-3 (Aromatic Plant 3), which resulted in reduced sales volume. In terms of price, due to the unresolved ceasefire agreement in the Middle East military conflict, the Strait of Hormuz remained blocked, and crude oil prices remained high, driving up the prices of petrochemical and plastic products.
Formosa Petrochemical's April revenue was NT$61.522 billion, a month-on-month decrease of 2.8% and a year-on-year increase of 33%.
Formosa Petrochemical stated that the month-on-month decrease in April revenue was mainly affected by the full-month scheduled inspection of the second atmospheric distillation unit (CDU#2) and the delay in crude oil delivery from the Middle East due to the US-Iran war. The total sales volume of all products in April was 9.292 million barrels, a sharp decrease of 3.09 million barrels compared to March.
In terms of price, the easing of US-Iran tensions caused the average price of Dubai crude oil in April to fall to US$105.7 per barrel, a decrease of US$22.8 per barrel compared to March. However, due to the delayed effect of the Strait of Hormuz blockade, some refineries in Asia and the Middle East were forced to reduce production, leading to a sharp contraction in refined oil supply, which pushed up spot prices of refined oil. As a result, the average price of Formosa Petrochemical's all products in April actually increased by US$35.2 per barrel compared to March. (Editor: Yang Lanxuan) 1150507
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The text, images, and audio-visual content on this website may not be reproduced, publicly broadcast, publicly transmitted, or used without authorization.