Around The World Global Market and Outlook for Phenol and Acetone - PowerPoint PPT Presentation

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

Phenol Chain Phenolic Resins Nylon Intermediates Phenol Benzene Epoxy Resins Cumene Bisphenol A Polycarbonate Propylene Acetone MMA Solvents

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 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013 Delta Benzene CP Phenol

Phenol Capacity By Regions Million Metric Tons 8 6 4 2 0 2011 2016 Source: IHS Chemical

World Phenol Demand By Regions Million Metric Tons 5 4 3 2 1 0 2011 2016 Source: IHS Chemical

World Phenol Growth Rate Percent 14 12 10 8 6 4 2 0 -2 -4 -6 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Capacity Demand 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 Europe Houston Adrian Beale Peter Johansen Tel: +1-713-224-2088 Tel: +32-2-354-6862 Mob: +32- 478-383802 Mob: +1-281-413-3628 Email: a.beale@integra-global.com Email: p.johansen@integra-global.com Singapore Bhargav Vyas Tel: +65-6220-9895 Mob: +65-9729-8573 Email: b.vyas@integra-global.com