Formosa Petrochemical : January 2022 Formosa Petrochemical Corp. (FPCC) Consolidated Operating Revenue Report

 January 2022 Formosa Petrochemical Corp. (FPCC)
Consolidated Operating Revenue Report

1.Date of occurrence of the event:2022/02/14
2.Company name:Formosa Petrochemical Corp.(FPCC)
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:January 2022 Formosa Petrochemical Corp. (FPCC)
Consolidated Operating Revenue Report
6.Countermeasures:None
7.Any other matters that need to be specified:
1.January 2022 v. December 2021 Consolidated Operating Revenue Comparison:
Operating revenue for January 2022 was NT$64.4 billion compared with NT$60.9
billion for December 2021, an increase of 5.7%, totaling NT$3.5 billion. In
addition, there was an increase of NT$717 million in sales volume and an
increase of NT$2.8 billion in sales price therefrom.
a.Operating revenue for refining business had increased by 4.5% compared to
  December 2021.
 Volume:
  The refining throughput for January 2022 was 433 thousand barrels per day,
  a decrease of 54 thousand barrels per day compared to December 2021. The
  total sales volume for January 2022 was 16,564 thousand barrels, an
  increase of 55 thousand barrels compared to December 2021 due to the
  sailing schedule.
 Price:
  Dubai crude oil price in January 2022 had risen US$10.3 per barrel compared
  to December 2021, while the average petroleum sales price had only
  increased by US$5.9 per barrel as a result of government's oil price
  stabilization mechanism and the pricing periods for export products.
b.Operating revenue for naphtha cracking business had increased by 15.7%
  compared to December 2021.
 Volume:
  The utilization rate in January 2022 was 95%, which was lower than 96% in
  December 2021. The total sales volume was 721 thousand tons in January
  2022, an increase of 66 thousand tons compared to December 2021 due to
  inventory scheduling.
 Price:
  The sales price of ethylene had fallen US$9 per ton in January 2022 due to
  weaker downstream demand. The sales price of propylene and butadiene in
  January 2022 had risen US$42 and US$7 per ton respectively due to tight
  supply. The sales price of pyrolysis gasoline had risen US$61 per ton in
  January 2022. The average olefins sales price had risen US$30 per ton
  compared to December 2021.
2.January 2022 v. January 2021 Consolidated Operating Revenue Comparison:
Operating revenue for January 2022 was NT$64.4 billion compared with NT$42.2
billion for January 2021, an increase of 52.5%, totaling NT$22.2 billion. In
addition, there was an increase of NT$6.1 billion in sales volume and an
increase of NT$16.1 billion in sales price therefrom.
a.Operating revenue for refining business had increased by 80.8% compared to
  January 2021.
 Volume:
  The refining throughput for January 2022 was 433 thousand barrels per day,
  an increase of 138 thousand barrels per day compared to January 2021. The
  total sales volume for January 2022 was 16,564 thousand barrels, an
  increase of 5,585 thousand barrels compared to January 2021.
 Price:
  The average petroleum sales price in January 2022 was US$91.9 per barrel,
  an increase of US$27.8 per barrel compared to January 2021 since Dubai
  crude oil price had risen US$28.7 per barrel.
b.Operating revenue for naphtha cracking business had increased by 21.4%
  compared to January 2021.
 Volume:
  The utilization rate in January 2022 was 95%, which was lower than 101% in
  January 2021. The total sales volume was 721 thousand tons in January 2022,
  an increase of 19 thousand tons compared to January 2021 due to inventory
  scheduling.
 Price:
  The average olefins sales price had risen US$154 per ton compared to
  January 2021; ethylene price +US$142 per ton, propylene price +US$153 per
  ton, butadiene -US$178 per ton, and pyrolysis gasoline +US$266 per ton
  therefrom.