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Your Trading Partner Around The World Phenol Capacity Expansions and Trade Flow Impacts The 2 nd ICIS Asian Phenol-Acetone Conference Presented By Roger Van Baal October 30, 2012
Your Trading Partner
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: [email protected]
Europe
Peter Johansen
Tel: +32-2-354-6862
Mob: +32- 478-383802
Email: [email protected]
Singapore
Bhargav Vyas
Tel: +65-6220-9895
Mob: +65-9729-8573
Email: [email protected]
