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“Several China-based phenol makers, including Bluestar Harbin, Sinopec Beijing Yanshan Petrochemical, Changshu Changchun Chemical, Shanghai Sinopec Mitsui Chemicals (SSMC), CEPSA Chemical (Shanghai) and Formosa Chemicals & Fibre Corp (FCFC) are running their plants at reduced rates, according to production data compiled by ICIS China”
“Outside China, phenol makers including Taiwan’s Chang Chun Plastics, Taiwan Prosperity Chemical Corp (TPCC), Mitsui Phenols Singapore and South Korea’s LG Chem have in recent months scaled back their output to counter the soft market conditions.”
18/12/15, http://www.icis.com/
The phenol/acetone market continues to see supply outstripping demand, the scenario could worsen with new capacities coming on-stream this year in SE Asia & the Middle East. What are the strategies to stay profitable? How is the downstream market performing? Will demand picks up, offering a relief to phenol/acetone producers?
Is India the only bright spot in the region? Can the price hold steady with an influx of Chinese phenol arriving on its shore? What is the impact of the widening spread between benzene and phenol on the market?
Phenol producers in Europe are likely to cut production rates as they will be exporting less phenol/Acetone to Asia with the growing capacity in Asia. In addition, downstream derivatives including BPA, epoxy, caprolactam and phenolic resins are also threatened by cheaper products from Asia, resulting in lower phenol consumption in Europe.
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CMT’s 13th Phenol/Acetone & Derivatives conference on 9-10 March 2016 in Shanghai brings together industry experts to share insights during this challenging times!
Attend to find out:
- The growing uncertainty in global economic outlook & its impact on Asia by SWS Research
- Views from Cepsa
- Where’s the global phenol/acetone market heading?
- Benzene/propylene markets forecast by Nexant
- Cedar Petrochemicals’ view on the cumene markets
- Where is the silver lining for BPA producers
- Hear from Covestro, Aditya Birla Chemicals and Sinopec Chemical Sales Co. on the derivatives demand/supply outlook– PC, Epoxy resins, phenolic resins, Caprolactam/Nylon
- East-China Company of Sinopec Chemical Commercial Holding Company shares changing dynamics of Chinese Phenol/Acetone markets
- Deepak Phenolics provides insights on what’s driving the future of India’s phenol/acetone & derivatives markets while Mitsui & Co. shares the trading challenges in India
- Latest PC technology innovations by EPC Engineering Consultants
- Potential of Phenol/Acetone & Derivatives in Iranian market
Sign up with your team to enjoy group discount! Contact grace@cmtsp.com.sg for more information.
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