|"Rising Feedstock Cost, New Capacities Coming On-Stream, and Eroding Margins - |
Where is the Phenol/Acetone Market Heading?"
The phenol acetone chain is facing growing concerns. Producers are cutting phenol and acetone output in response to increasing feed stocks cost and uncertain economic trends. With new capacity coming on-stream in Asia and elsewhere between 2013-15, there is much anxiety about how the global trade balance will tilt. New capacities of Ineos-YPC jv, Kumho P&B and Rabigh II expected to go on stream are likely to shift market balance.
CMT's 10th Phenol/Acetone and Derivatives Markets Conference brings together regional industry players to share on key technology, supplies, and market dynamics that are likely to impact downstream derivative markets.
Keep abreast of project updates, new production and expansion plans in Asia from major phenol/acetone and derivatives producers such as Mitsubishi Corporation, PTT Phenol, Bayer MaterialScience, Aditya Birla Chemicals, Shandong Sheng Quan Chemicals and many more.
The critical sessions include:
CMT's 10th Phenol/Acetone and Derivative Markets is an excellent platform to gain much insight and network with key industry players. Register for the event now at www.cmtevents.com. Send a team of 3 to enjoy group discount!
|Testimonies||Who you will network with||Be a Sponsor or Exhibitor!|
KBR– CMT Phenol conference is a great opportunity to understand and interact with players from all the key segments of the phenol and derivatives market
Bayer MaterialScience – Comprehensive Overview of the two of the most exciting commodities including upstream and downstream analyses.
Momentive– Excellent Networking Experience for the Asian Phenol Industry
Cepsa Quimica – A Great Opportunity to meet your peers and share views about where are industry heading
Evonik Industries – Well-conducted overview & update on the Phenol/Acetone Market in Asia!
- CEOs, MDs, Regional Directors
- Commercial Directors
- Business Development Directors
This event is an excellent platform to promote your organization to influential players & investors in the industry.
Talk to us for a customized Sponsorship package or to book your Exhibition space now!
Contact Nisha@cmtsp.com.sg or (65)6346 9130.
APAC phenol, acetone & derivatives markets remain promising – Bayer and Shandong Shengquan expanding in China
Posted on : 13 Feb, 2013
Major players Bayer MaterialScience and Shandong Shengquan are both expanding their projects in China, projecting a promising market outlook in the APAC region.
With Asia-Pacific accounting for about 60% of the world’s total polycarbonate market, and China having the greatest demand, Bayer announced further plans to invest about 1 billion euros in five projects to expand polycarbonate production capacities in Shanghai.
The new polycarbonate plant is expected to be ready in 2015, having a nameplate capacity of 200,000 mt/year. At present, the company had since carried out expansion plans to boost its PC output by 50% this year to hit 300,000 mt/year.
Meanwhile, Shandong Shengquan had announced a total investment plan amounting to 81 million euros for five projects, of which one is an annual 200,000 tons phenolic resin project.
Both Bayer’s and Shandong Shengquan’s senior executives, Mr. Hermann-Josef Doerholt, Senior VP of Business Unit Polycarbonates, and Mr. Figo Gao Xiaofei, Deputy GM, will be examining innovation & sustainability of the PC industry and phenolic resin market outlook respectively at the annual phenol/acetone industry meet – 10th Phenol/Acetone & Derivatives Markets Summit in Bangkok, 5-6 March.
Declining phenol prices amidst rising feedstock costs – Can acetone help salvage producers’ margin squeeze?
Posted on : 03 Jan, 2013
Phenol prices have been falling for a good part of 2012 and demand is expected to remain low amidst rising feedstock costs. The start-up of Shandong Lihuayi’s new phenol/acetone plant in Shandong also contributed to the plummet of phenol prices in China, the largest importer in the world.
With the tight margin squeeze, producers such as Japan’s Mitsui Chemicals and Taiwan Prosperity Chemical Corp are now forced to lower operating rates to maintain sustainability.
The outlook of the phenol market for 2013 is expected to remain weak and producers are not optimistic.
On the other hand, phenol-acetone producers are hoping for the acetone margins to continue to improve to help with the slack caused by the declining phenol margin.
The 10th Phenol/Acetone & Derivatives Market Summit in Bangkok on 5-6 March will have experts reveal more on where the market is heading – the economic outlook, market trends, trade flow, project updates, etc.
For more information on the summit, please contact Ms. Angelia at firstname.lastname@example.org or Tel. 65 6346 5701.