At a news conference, DPP Legislator Chung Chia-pin (鍾佳濱) said Formosa Plastics Corp’s (FPC, 台塑) polyolefin division reduced supply to downstream clients twice last month and raised prices, citing upstream constraints in ethylene and propylene. The division notified customers on March 2 that supply would be halved, citing planned production cuts by upstream supplier FPCC, just days after tensions in the Middle East escalated, he said. Democratic Progressive Party Legislator Chung Chia-pin speaks at a news conference at the Legislative Yuan in Taipei yesterday. FPCC and FPC rejected the allegations, saying price increases were driven by surging upstream costs amid disruptions in the Middle East. Both companies said they would cooperate with any investigation and denied engaging in hoarding or price manipulation.

Source: Taipei Times April 01, 2026 16:13 UTC