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Around The World

Phenol Capacity Expansions

and Trade Flow Impacts

The 2nd ICIS Asian Phenol-Acetone Conference

Presented By Roger Van Baal

October 30, 2012

About Integra

• Global Petrochemical Trading Company

• Founded in 1989 in Europe

• Three main Hubs » Singapore, Brussels, Houston

• Satellite offices » Brazil, South Korea, China, Saudi, India

• Wide product portfolio

» Olefins, Aromatics, Intermediates, Chlor alkali

• Turnover > US $1.5 Billion

2011 Global Phenol Trade Flows

Phenol Capacity Expansions and

Trade Flow Impacts

• Raw Material

Impacts

• Changes in

Global Capacity

and Demand

• Trade Flow

Developments

Phenol and Acetone Pricing

• Typically in the West phenol prices

related to benzene

• Strong phenol demand from

polycarbonate leads to long acetone

• Phenol pricing has to take account

of propylene costs which can’t be

recovered from acetone

• Acetone trade flows impacted…

Asia Phenol Disconnects from

Benzene

Phenol Spot Delta Benzene Spot

0

500

1,000

1,500

2,000

2,500

Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012

Dollars Per Metric Ton

2011 2016

Phenol Capacity By Regions

Million Metric Tons

2

4

6

8

0

Source: IHS Chemical

World Phenol Growth Rate

Percent

-6

-4

-2

0

2

4

6

8

10

12

14

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Demand Capacity

Source: IHS Chemical

Conclusions

• Phenol markets

getting longer with

huge capacity

increases in China

• Global trade flows

will be impacted as

NE Asia becomes

more self sufficient

on Phenol

Contact Us • If you would like to know more, we are

contactable at

Houston

Adrian Beale

Tel: +1-713-224-2088

Mob: +1-281-413-3628

Email: a.beale@integra-global.com

Europe

Peter Johansen

Tel: +32-2-354-6862

Mob: +32- 478-383802

Email: p.johansen@integra-global.com

Singapore

Bhargav Vyas

Tel: +65-6220-9895

Mob: +65-9729-8573

Email: b.vyas@integra-global.com