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Asia Carbon Black Feedstock
Overview
Vincent J. Guercio - CTC International
Asia Carbon Black Conference 2017
November 2017 – Chennai, India
I n t r o d u c t i o n
Heavy Aromatic Oils - HAO
Carbon Black Oils - CBO
Carbon Black Feedstock - CBFS CBF
------------------------------------------------
FCC Decant Oils - DO Slurry
Cracked Ethylene Tar - ET EBO ECR
Coal Tar Oils - CT
Anthracene oil (Creosote) - ATO
ATO / Soft Pitch Mixture - CBO Mix 2
T o p i c s
Carbon Black Capacity
Global CBFS Types
China CB & CBFS
U.S. CBO Exports
3
CB Capacity History by Region
China
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Kilo
ton
s USA
Europe
NE Asia
4
CB Capacity History by Company
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Kilo
ton
s
China Other
Sid Rich
Orion
Black Cat
Tokai
Birla
CSRC
ROW
Cabot
PCBL
5
OCI Omsk
China CB Capacity by Company
0
1000
2000
3000
4000
5000
6000
7000
8000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Kilo
ton
s
China Other
Black Cat
Other Foreign CSRC, Birla, OCI, Orion, NSCC
Cabot
6
2018 Carbon Black Capacity
Cabot
Orion
CSRC
Birla
OC
I
Om
sk
Other China
Balance
World 16.9 million TPY)
CSRC
PCBL
OCI
Other China
Asia 11.1 million TPY
Birla
Cabot
Black
Cat
7
China
Northeast Asia
South Asia
USA
Other Americas
Europe
Rest of World
Demand
China
Northeast Asia
South Asia
USA
Other Americas
Europe
Rest of World
Supply
2016 World CBO (21.1 million Tons Total)
8
Coal Tar 11100
Ethylene Tar 2300
US Decant 4600
Local Decant 3300
2016 21.3 million Tons Total
Coal Tar 3550
Ethylene Tar 2500
US Decant 5720
Local Decant 2230
2004 14 million Tons Total
World CBFS Types Coal tar surpassed decant oil in 2011
9
Europe Union Russia/
Ukraine
China
Northeast Asia JKT
2016 World Coal Tar CBFS Use (11.1 million Tons Total)
10
China - Coal Tar CBFS
Neat Anthracene Oil
Soft Pitch + Anthracene Oil
Raw Coal Tar + Anthracene Oil
Naphthalene Depleted Coal Tar
11
China Coal Tar
Availability & Distillation
Moderate Steel Production Growth
High Aluminum Output
Anode Pitch Driving Distillation Lately
Pitch Modification Necessary
Pitch Now Priced Above Coal Tar
Weak Naphthalene Demand
Moderate CBFS Demand Growth
ATO & CBO Exports Discontinued
Coke Oven Environmental Issues 12
0
50
100
150
200
250
300
350
400
450
500
Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17
US
$ / T
on
China - Daily Coal Tar Price
13
CBFS - Petroleum versus Coal Tar
0
100
200
300
400
500
600
700
800
900
J14 A J O J15 A J O J16 A J O J17 A J
US
$ / T
on
CBO Mix SAsia US CBO SAsia Brent Crude China CT 14
China Tar Distillation Products Price Ratios to Raw Coal Tar
0.6
0.8
1.0
1.2
1.4
1.6
1.8
2.0
2.2
2.4
2.6
2.8
3.0
3.2
J10 J J11 J J12 J J13 J J14 J J15 J J16 J J17 J
Pri
ce
Ra
tio
Naph/CT ATO/CT SP/CT Coal Tar 15
CB Imports
Domestic Supply
CB Exports
Unused Capacity
0
1000
2000
3000
4000
5000
6000
7000
8000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Kil
oto
ns
China CB Balance History
16
South Asia
North Asia
Europe
NAmer Mid-East
Other
0
100
200
300
400
500
600
700
800
900
1000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Kil
oto
ns
China CB Export History
17
Anthracene Oil
CBO Mix
0
50
100
150
200
250
300
350
400
450
500
550
600
650
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Kil
oto
ns
China CBFS Export History Types
18
North Asia
South Asia
0
50
100
150
200
250
300
350
400
450
500
550
600
650
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Kil
oto
ns
China CBFS Export History Regions
19
North Asia
South Asia
0
200
400
600
800
1000
1200
1400
1600
1800
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Kil
oto
ns
CBFS Equivalent to Regions China CB + CBFS displacing US CBO
20
Domestic Demand
Export Demand
0
1000
2000
3000
4000
5000
6000
7000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Kilo
ton
s
US CBO Demand
21
South Asia
North Asia
Europe
Americas + Africa
0
500
1000
1500
2000
2500
3000
3500
4000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Kil
oto
ns
US CBO Export Destination
22
Gulf Coast
West Coast
Great Lakes
0
500
1000
1500
2000
2500
3000
3500
4000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Kilo
ton
s
US CBO Export Source
23
South Asia
North Asia
Europe
Americas +Africa
0
500
1000
1500
2000
2500
3000
3500
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Kil
oto
ns
Gulf Coast CBO Exports
24
धन्यवाद !
Thank you !
25
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