Tritonix.ai

News / Taiwan / economic_daily

Formosa Petrochemical Leads Formosa Group's August Revenue Growth with 8% Stock Surge

Energy Minerals · Oil Refining/Marketing · economic_daily · 2026-09-09

1301, 1303, 1326, 6505

Formosa Petrochemical reported strong August revenue growth driven by higher oil volumes and prices, sparking an 8% rally in its share price.

What Happened

Strong August Performance: The Formosa Group released its August revenue figures, with Formosa Petrochemical (FPCC) standing out as the top performer. FPCC reported monthly revenue of NT$81.9 billion, marking a 9.5% monthly increase and a 50.3% year-on-year surge, while other group members showed mixed results.

Market Reaction: Investors responded positively to FPCC's robust revenue growth, driving the stock price up by over 8% during intraday trading. The company attributed this success to a combination of higher sales volumes and increased product pricing, which significantly bolstered its monthly earnings.

Refining Margin Outlook: FPCC remains optimistic about refining margins for the third quarter, projecting an average refinery utilization rate of 91%. The company noted that ongoing supply constraints, including Russian export bans and limited Middle Eastern output, are keeping diesel price spreads at historically high levels.

Operational Adjustments: Regarding its olefin business, FPCC confirmed that the OL#3 cracker has completed annual maintenance and is set to restart in September. However, the company plans to maintain a conservative utilization rate of 40% for the third quarter to align production with actual downstream demand.

Read original

More in Energy Minerals

Russia's Gazprom Sees 70% Surge in Gas Exports to Central Asia

Energy Minerals · yonhap_finance · 2026-09-09

Gazprom is aggressively pivoting to Central Asian markets as Western sanctions restrict European access, with exports to the region jumping 70% this year.

Formosa Petrochemical Leads Group with 50% Revenue Surge as Oil Prices Rally

Energy Minerals · cnyes · 2026-09-09

Formosa Petrochemical's shares jumped over 9% after reporting a 50.3% year-over-year revenue increase, fueled by rising global oil prices amid Middle East tensions.

1301, 1303, 1326, 6505

Global Oil Prices Near $100 as Middle East Tensions Threaten Domestic Inflation

Energy Minerals · yonhap_finance · 2026-09-09

Rising global oil prices are putting pressure on South Korea's inflation, prompting the government to consider extending price caps to stabilize the market.

Latest in Taiwan

Quanta Computer Hits Record Revenue of NT$400 Billion, Shares Surge

Electronic Technology · economic_daily · 2026-09-09

Quanta Computer reported record-breaking August revenue exceeding NT$400 billion, driven by robust AI server demand, as investors look toward Nvidia's upcoming industry conference for updates on supply chain constraints.

2382

Taiwan Stocks Edge Up 77 Points as Apple Suppliers Shine Despite TSMC Dip

Electronic Technology · economic_daily · 2026-09-09

Taiwan's stock market closed higher by 77.58 points, reaching 47,183.36, as optical component suppliers rallied ahead of the Apple event while TSMC slipped.

1303, 1815, 2303, 2327, 2330, 2344, 2382, 2408, 2409, 2454, 3008, 3037, 3081, 3105, 3231, 3406, 3481, 3661, 3711, 6505, 6515, 8039, 8046

Taiwan Stocks Close Higher in Volatile Session

Electronic Technology · economic_daily · 2026-09-09

Taiwan's main index rose 77.58 points to 47,183.36 in a volatile trading session, with gains in construction and materials offsetting losses in the financial sector.

PCB-Focused ETF Sees Assets Double in First Week of Trading

Electronic Technology · cnyes · 2026-09-09

The CTBC Taiwan-Japan-Korea PCB ETF has seen its assets under management surge by over 90% within its first week, reflecting strong investor appetite for AI supply chain exposure.

00982