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Your Trading Partner
Around The World
Global Market and Outlook for
Phenol and Acetone
The ICIS Pan-American Phenol-Acetone Conference
Adrian Beale
January 30, 2013
About Integra
• Global Petrochemical Trading Company
• Founded in 1989 in Europe
• Three Main Hubs » Singapore, Brussels, Houston
• Satellite Offices » Brazil, South Korea, China, India, Saudi Arabia
• 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
MMA
Solvents
Phenol
Acetone
Propylene
Benzene
Cumene
Polycarbonate
Epoxy Resins Bisphenol A
Nylon Intermediates
Phenolic Resins
Phenol Chain
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…
Phenol Prices Closely Related to
Benzene in US Dollars Per Metric Ton
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
Delta Benzene CP Phenol
2011 2016
Phenol Capacity By Regions
Million Metric Tons
2
4
6
8
0
Source: IHS Chemical
World Phenol Demand By Regions
Million Metric Tons
1
2
3
4
5
0
2011 2016 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]
