Drastic Oil Price Fluctuations: Formosa Plastics Reports Approx. 1.5 Billion NTD in Unrealized Losses from Hedging
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Formosa Plastics has incurred approximately 1.5 billion NTD in unrealized losses from hedging energy commodity products due to sharp increases in crude oil and refined oil prices caused by the US-Iran conflict. The company stated that these transactions are for risk hedging and do not significantly impact operations.