12th Phenol/Acetone & Derivatives Markets,

10-11 Mar, 2015 - Singapore, SINGAPORE

Goodwood Park Hotel Singapore

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"Where is the silver lining with impending over-capacity?"

 

The phenol/acetone market worldwide has been impacted by weak demand globally. Asia, the major importer is almost self-sufficient! Where is the silver lining in this gloomy market?

 

Last quarter of 2014 saw several phenol/acetone plants start-up, including that of shanghai Sinopec Mitsui, CEPSA Quimica and Formosa Chemicals & Fibre Corp, increasing China’s domestic phenol capacity by almost 50% to 2.53 million ton/year.

 

With falling oil prices and Benzene/propylene tumbling alongside, how will it affect phenol production and market trend? Lower prices are also changing the buying pattern of downstream producers, including BPA, PC, Epoxy, Phenolic resin, MMA, IPA & etc Which are the derivatives sector that are offering a bright spot for the phenol capacities in the region? Is China’s downstream market still healthy? Otherwise, where are the other region to look out for?

 

CMT’s 12th  Phenol/Acetone  & Derivatives Markets conference on 10-11 March 2015 in Singapore bring together leading industry experts to share insights on where the industry is heading next!

 

Key issues to be discussed include:

  • Impact of falling oil price on global economies
  • Global Propylene market outlook & NGL shift on propylene supply
  • Benzene market trend, new capacities and update on on-purpose benzene unit
  • Global phenol/acetone market trend and forecast
  • Where are the markets heading with China reaching self-sufficiency?
  • Future trend in BPA & PC, Epoxy Resin, Phenolic Resin, MIBK/Solvent, MMA & Caprolactam
  • Country focus session : China, Thailand, USA & India
  • Overview of New DPC (diphenyl carbonate) Process, Economics, future development & application to PC production
  • Automaker’s view on engineering plastics demand

 

Ample networking time allocated to meet your peers! Sign up with your team today to enjoy group discount! Register online at www.cmtevents.com or contact grace@cmtsp.com.sg

 

Industry News Who Will You Meet Be a Sponsor or Exhibitor!

Deepak Nitrite to set up phenol and acetone plant at Dahej

 

Global Phenolic Resins Market is Expected to Reach USD 13.36 Billion in 2019

 

Epoxy Resin Market worth $9.2 Billion by 2019

CEOs, Presidents, GMs, Product / Marketing / Sales Directors, Commercial Directors, Corporate planners, Procurement Directors / Managers, Senior Executives & Traders from Feedstock / Petrochemicals / Chemicals Intermediates / Polymers Companies, Refineries / Additives and Catalyst Companies, Industry Consultants, Project Financiers, Technology Licensors, International Engineering & Contracting Firms

This event is an excellent platform to promote your organization to influential players and investors in the industry. Sponsorship opportunities available include Corporate, Exclusive luncheon & Cocktail sponsor.

 

Exhibition / catalogue display can be arranged upon request.Contact cynthia@cmtsp.com.sg

Industry News

 

China, Asia's largest phenol market, has been experiencing a drop in phenol imports for some time. The imports dropped by 44% to average 17,6914 tonnes/ month in the first 10 months of 2014, down from the 31,730 tonnes/ month averaged over the same timeframe in 2013, as per China's Customs data.

 

It's predicted that the country's phenol import volumes are likely to fall in 2015 too. This is mainly caused by China's rapid phenol capacity expansion leading to self-sufficiency. There are major capacity expansion underway in the country by Shanghai Sinopec Mitsui Chemicals (SSMC), CEPSA Quimica and Formosa Chemicals & Fibre Corp (FCFC). This is expected to increase domestic phenol capacity by 47% to 2.51 million tonnes by early 2015. These three facilities have a combined phenol capacity of 800,000 tonnes/ year.

 

The added capacities have changed the dynamics of imports and distribution networks. Phenol pricing by international producers and the government's tariff policies will play a key role in phenol imports as well as the supply from local producers.

 

Industry specialists observe that a major portion of phenol imports are now directed towards the non-dutiable, so-called bonded or re-export sectors. The demand in this sector, including those of flame retardant, polycarbonate (PC) and epoxy and phenolic resin, is expected to be approximately 100,000-150,000 tonnes/ year.

 

Although the bonded market is expected to maintain the demand for phenol imports, there will be a drop in the phenol import volume in 2015 to approximately 50,000 tonnes. Other industry experts also opine that in the second half of 2015, China may stop importing phenol altogether.

 

In 2015 China's phenol exports are expected to rise. According to the China's Customs data, the country's phenol sales abroad averaged at 2,900 tonnes in the first 10 months of 2014, compared to about 300 tonnes a month over the same period in 2013.

 

More on China's phenol market will be discussed at CMT's 12th Phenol/Acetone & Derivatives Markets on 10-11 March, 2015 in Singapore.

 

Contact Ms. Grace Oh at grace@cmtsp.com.sg or call +65 6346 9147 for more details.

 

Read more>>>

10 Feb, 2015

 

Deepak Fertilizers and Petrochemicals Corporation Limited (DFPCL) is awaiting the final nod from Ministry of Environment and Forests (MoEF) India, to build a 300 kilo tonnes per annum (KTPA) phenol plant in Mangalore.

 

The greenfield project is expected to manufacture cumene, phenol, acetone, iso propyl alcohol (IPA), acetophenone (AP) and alpha methyl styrene (AMS). To be built at a cost of Rs. 1800 crores, the plant is proposed near MRPL (Mangalore Refinery and Petrochemicals Limited).

 

The plant will need around 252 KTPA of benzene, which is planned to be procured from OMPL (ONGC Mangalore Petrochemicals Limited). Moreover, the units are also expected to consume 95 KTA of propylene, planned to be sourced from MRPL (provided benzene is sourced from OMPL).

 

The company is confident of catering to India's phenol demand, which is one of the highest in Asia, apart from China. While global demand for phenol is expected to be about 3-4% per annum for the next few years, the Asian demand growth is estimated at 8 -10%.

 

According to DFPCL, India's phenol demand mainly comprises of phenolic resins (65%) and agro-intermediates and pharma (18%), a different demand trend as compared to the global phenol markets.

 

As plywood manufacturers are increasingly shifting to Phenolic Formaldehyde resins (PFR) from Urea Formaldehyde resins (UFR), the demand for phenolic resins are expected to rise.

 

More on phenol / phenolic resins market trends will be discussed at CMT's 12th Phenol/Acetone & Derivatives Markets on 10-11 March, 2015 in Singapore.

 

Contact Ms. Grace Oh at grace@cmtsp.com.sg or call +65 6346 9147 for more details.

 

Read more>>>

 

16 Jan, 2015

 

Leading manufacturer of organic, inorganic, fine and specialty chemicals, Deepak Nitrate will set up a Phenol and Acetone manufacturing facility at Dahej in Bharuch district of Gujarat.

 

The company has already received the approval for the project, which involves a capital outlay of approximately Rs 1,200 crore.

 

The facility will have a capacity of producing 200,000 MTPA of phenol and 120,000 MTPA of acetone.


Deepak Nitrite plans to fund the project via debt and equity.

 

The company is expecting good demand derived from growth in end-user industries and healthy domestic and exports markets demand.

 

12th Phenol/Acetone & Derivatives Markets on 10-11 March, 2015 in Singapore discusses the key capacity developments in phenol acetone markets across various regions.

 

Contact Ms. Grace Oh at grace@cmtsp.com.sg or call +65 6346 9147 for more details.

 

Read more:

Deepak Nitrite to set up phenol plant at Dahej
Deepak Nitrite to set up Phenol, Acetone manufacturing plant at Dahej

21 Nov, 2014