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MMA Outlook and predictions in an uncertain market

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Webinar logistics

This event is fully streamed You will hear audio via your media player only

This live webinar is being recorded

If you have technical problems please use the ldquoRaise Handrdquo function to speak to the online technical support

If you would like to ask a question at any point during the presentation please submit it via the ldquoQampArdquo function at the bottom of your screen

I will answer as many questions as possible at the end of the webinar

Finally the recording and the slides will be available after the live event

wwwiciscom 2Copyright copy 2018 ICIS ndash Private amp Confidential

Webinar logistics

This event is fully streamed You will hear audio via your media player only

This live webinar is being recorded

If you have technical problems please use the ldquoRaise Handrdquo function to speak to the online technical support

If you would like to ask a question at any point during the presentation please submit it via the ldquoQampArdquo function at the bottom of your screen

I will answer as many questions as possible at the end of the webinar

Finally the recording and the slides will be available after the live event

wwwiciscom 3Copyright copy 2018 ICIS ndash Private amp Confidential

Agenda

Global MMA supply and demand dynamics

Will the Middle East provide the relief to the global shortage

Is the market taking steps to avoid similar situations in the future

Future downstream opportunities

wwwiciscom 4Copyright copy 2018 ICIS ndash Private amp Confidential

ICIS MMAPMMA editors

ICIS has three MMA reports Europe the Americas and Asia

Europe ndash MMA and PMMA - Katherine Sale ndash katherinesaleiciscom

The Americas ndash MMA Adam Yanellindash adamyanelliiciscom

Asia ndash MMA and PMMA ndash Loy Kheng Wee - khengweeloyiciscom

wwwiciscom 5

The process of price reporting

Buyers

Traders Producers

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ICIS MMA methodology

Contract and spot assessments

Monthly contract added to the European report in October 2011

Assessment based on producer buyer and reseller feedback

Region Spot cargo

Europe 20-25 tonne trucks

Asia 500 tonnes or more and for isotankcargoes of 20-300 tonnes

US 20-25 tonnes trucks 35-40 tonnes railcar

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MMA market

Supply and demand dynamics

Changes in 2018

Influence of upstream prices

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MMA supply and demand

Short global supply from mid-2016 to early 2018

Balance improved later in 2018

Asia started the global shortage of product

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Global pricing

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Global operating capacity

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Asia

Planned and unplanned plant outages from 2016 to present

Diminished inventories

Strong demand ndash notably South Korea and India

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The Americas

Production constraints reached a peak at the start of 2017

Lengthy production issues for Dow Chemical Deer Park facility

Seasonal uptick in demand in the second quarter

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The Americas ndash production

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Europe

Q4 2015 Europe prices fell 12 - producers look to protect market share

Europe not an attractive export destination in 2016

Perfect storm in 2017

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MMA ndash feedstock influence

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2018 ndash the calm after the storm

New capacity in the Middle East

2018 prices at an historic high

Changes in trade flows

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New Middle Eastern capacity

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Demand Coatings demand disappointing in 2018

Some destocking activity

Has a pricing lsquoceilingrsquo been reached

Buyers diversify sellers to secure supply

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PMMA demand

Continued growth ndash some applications above GDP

Lighting applications continue to grow

Automotive growth

Construction sector ndash replacement lighting

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Questions and answers

Katherine Sale

Senior Editor Manager

KatherineSaleiciscom

wwwiciscom 24

Pricing amp Analytics Solutions for MMA

ICIS Pricing Data for MMA ICIS Petrochemicals Analytics Solutions for MMA

Request a free sample report Speak to the team to request the demo and find out more

Our MMA weekly report provides access to

Independent price assessments and market coverage by region

Historical price data

Breaking news of latest developments affecting the markets

Live Supply Disruption Tracker

Plant outages and maintenance for the next 12 months plus the impact of capacity changes Pre-empt competition and capitalise on trades impacted by outages

Be aware of market shortages with a real-time view to manage risk and ensure security of stock

Negotiate better prices with other market players

Price Drivers Analytics

Cross-commodity and cross-regional analysis of importexport parity substitution trends and feedstockdownstream spreads Gain new context and negotiating tools in addition to ICIS price assessments

Pre-empt competition and spot opportunities with visual charts and impact commentaries

Reduce the time spent making manual calculations and spend more time on strategy and acting on market opportunities

Supply amp Demand Outlooks

Quarterly global supply and demand review and outlook for key value chains and regions Support your short-term strategy with upstream and downstream market sentiment and

expectations for the current quarter at a regional level

Expand opportunities in international trade

Understand at-a-glance the regional supply and demand outlook across six key commodity chains