Formosa Chem & Fiber traded at 51.00 this Wednesday May 6th, decreasing 0.80 or 1.54 percent since the previous trading session. Looking back, over the last four weeks, Formosa Chem & Fiber lost 11.84 percent. Over the last 12 months, its price rose by 92.45 percent. Looking ahead, we forecast Formosa Chem & Fiber to be priced at 50.47 by the end of this quarter and at 45.37 in one year, according to Trading Economics global macro models projections and analysts expectations.
Formosa Chemicals & Fibre Corp is a Taiwan-based company principally engaged in the manufacture and sale of chemical products. The main products of the Company include petrochemical plastic raw materials, synthetic fiber products and common fluid products. Its petrochemical plastic raw material products include benzene, paraxylene (PX), o-xylene (OX), toluene, styrene monomer (SM), phenol, acetone, pure terephthalic acid (PTA), polystyrene (PS), polypropylene (PP) and polycarbonate resin (PC), among others. Its synthetic fiber products include mirabilite, synthetic fiber yarn, cotton yarn, blended yarn, staple fiber cloth, long-fiber cloth and nylon yarn, among others. Its common fluid products include electricity, filtered water, chilled water, soft water, pure water and steam. The Company operates businesses in Mainland China, Asia, the Middle East, America and Europe, among others.