15th Phenol/Acetone & Derivatives Markets,

06-07 Mar, 2018 - Singapore, SINGAPORE

Carlton Hotel Singapore

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“Changing dynamics of Phenol/Acetone markets!"

According to reports, China’s phenol prices have been on an uptrend since last October and this is likely to continue in the near future because of tight supply and healthy demand. The first 200,000 tons/year phenol-based cyclohexanone plant in China started mass production in October 2017 and demand for phenol increased by 15,000-16,000 tons every month. 

 

Formosa awards contract to CB&I for expansion of Ningbo phenol and cumene plant.         

8/5/17, www.chemengonline.com 

 

INEOS Phenol plans investment in a world scale Cumene unit in Germany with planned start up in 2020.                      

28/7/17, www.ineos.com

 

Despite new Phenol capacities coming on-stream in the Middle East, India and China, companies continue to invest/expand Phenol production!  With the start-up of CNOOC Shell’s 350,000 ton/year new phenol/acetone unit, how is the Phenol/Acetone market changing? 

 

In USA, Shell Chemicals planned to idle its two Acetone units this year. The decision has been taken in order to tighten the supply of Acetone. The company further plans to idle its Phenol 3 plant in Deer Park in Texas in mid of January this year  and the plant also has an Acetone unit. How will this impact the acetone markets and trade flow?

 

Demand for Polycarbonate has been strong and Lotte Chemicals of Korea plans to expand their polycarbonate production by 2019 and Covestro also announced expansion by 2020 in Shanghai. Sabic’s Chinese Polycarbonate Project will have total production capacity of 260,000 tons/year and is expected to be operational by 2020. 

 

With China’s bisphenol A (BPA) prices surged to many months high due to tight supply from strong downstream demand and anti-dumping measures. Will this price surge continue and for how long? How are downstream producers managing the price hike? 

 



Attend CMT’s 15th Phenol/Acetone & Derivatives Conference to gain the latest insights in the Phenol/Acetone value chain!

  • Latest global economic outlook by ING 
  • Mitsui & Co. shares insights on the Phenol markets in Asia
  • Find out from The Plaza Group current USA Phenol/Acetone and derivatives trade flow 
  • PTT Global Chemicals & Cepsa Quimica joins other panelists to discuss the future of Phenol Markets & consolidation prospect
  • Deepak Phenolics provides her views on the changing dynamics of phenol in India as well as derivatives growth prospect
  • Nexant shares propylene market dynamics in coming years
  • Integra Petrochemicals spells out Benzene trade outlook & directions
  • Sumitomo Chemical Asia shed light on the Middle East – a new player in the market 
  • Benefit from Epoxy resins market trends & demand forecast by Nan Ya Electronic Materials (Kunshan) Corp., Ltd
  • Mitsubishi Chemical Corporation analyses the global MMA markets 
  • Fujian Shenyuan New Materials Co Ltd shares caprolactam & downstream markets including feedstock challenges
  • China Petrochemicals outlook to be discussed by Rongsheng petrochemical
  • Industry leaders shares insights on market movement of Polycarbonate, Phenolic Resins & Solvents
  • More than 8 hours of networking with industry’s who’s who! 

Register with your team today at http://www.cmtevents.com/ to enjoy group discount!  Email grace@cmtsp.com.sg for more information

Comments from last event, Mar 2017 in Bangkok

“Very informative and engaging conference, bringing together industry players throughout the value chain!” ~ IPIC

 

“Very good and comprehensive coverage of Phenol/Acetone markets. Technical sessions were high quality” ~ Tata

 

“This is an excellent forum to meet all players of value chain under one roof” ~ ABCTL

 

“Very good speakers & Content!” ~ KBR

“Good platform for Phenol/Acetone Business. The place to release information” ~ SCC

 

“Better than last year, still missing some producers/customers involved” ~ Cepsa

 

“Knowledge to market growth!” ~ CBI

 

 


Industry News

Ineos fully back on European acetone/phenol markets after turnaround 

 

China extends anti-dumping duties on caprolactam imports from EU, US

 

Covestro to add polycarbonate capacity in China again

 

Formosa Awards Contract to CB&I For Expansion of Ningbo Phenol and Cumene Plant

 

Asahi Kasei and Bluestar plan joint venture for mPPE business in China

Be a Sponsor or Exhibitor!

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 fiona@cmtsp.com.sg

 

Industry News

 
Demand for polycarbonates is expected to fuel the demand for BPA in Asia – which is a key raw material for PC. China’s polycarbonate (PC) capacity is swelling with the opening of Yantai Chemical’s new 70,000 tonnes/year polycarbonate (PC) plant located in Yantai, Shandong province. The plant is expected to require up to 5,000 tonnes of BPA on a monthly basis. 

Demand for BPA has in turn also raised the demand for phenol – which is a feedstock in BPA production. 

Strong demand has led to an increase in BPA spot prices by $100/tonne in a single week ending 15 December 2017.

It is notable that the recent spike in China spot prices was at a time when the country’s Ministry of Commerce levied anti-dumping (ADD) duties on BPA imports originating from Thailand (effective 9 November as a temporary measure). As a result Thailand’s  PTT Phenol that exports BPA to China has curtailed its cargos flows from its 150,000 tonne/year BPA plant in Map Ta Phut to China in the near term, as costs remain high.

Although the demand for BPA is expected to grow, there is no new upcoming BPA plant in Asia Pacific. The region’s existing capacities more or less will meet the demand for BPA in recent months.

More about BPA, PC and phenol demand and supply in Asia at CMT’s 15th Phenol/Acetone & Derivatives Markets on 6-7 March, 2018 in Singapore.

For more information, contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147.

Read more>>>

14 Feb, 2018

Covestro that already claims to operate “the largest production centre for polycarbonate resins in the world” in China is planning further capacity expansions. 

Last year Covestro doubled its polycarbonate production capacity to 400,000 tonnes per year at its Shanghai plant in China. 

This year, it has announced the capacity to expand further to 600,000 tonnes per annum – which is expected to come on stream by 2019.

Covestro’s polycarbonate expansion is expected to meet strong customer demand for the material in APAC. The expansion will greatly help meet the rapidly growing demand for polycarbonate resins and blends particularly in China.

Covestro has huge presence in China and the new expansion is believed to be at an investment of over 3 billion Euros – although the company has not disclosed any number. 

The Shanghai facility uses a technology that recycles process saltwater at the production site which is reused to produce chlorine and sodium hydroxide, two chemicals that are feedstock for polycarbonates.

More about polycarbonate production in Asia at CMT’s 15th Phenol/Acetone & Derivatives Markets on 6-7 March, 2018 in Singapore.

For more information, contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147.

Read more>>>

02 Jan, 2018

 

World’s largest consumer of cumene, INEOS Phenol has unveiled plans to build a world-scale cumene plant in Germany. Currently, a full study of investment options are being undertaken for the plant, expected to be completed by the end of 2017.

Although INEOS has not yet revealed the capacity and value of investment for the new cumene plant in Germany, it is expecting operations to begin in 2020.

The new cumene plant will ensure steady supply of cumene consumed at its phenol and acetone plants in Gladbeck, Germany, and Antwerp in Belgium.

INEOS already runs a 260,000 tonne/year cumene plant at Marl in Germany and 900,000 tonne/year of cumene capacity in Pasadena, Texas.

Badger’s technology is used at its Texas facility and it will use the firm’s cumene technology for the new plant in Germany.

INEOS also has other expansion plans – a 750,000 tonne/year propylene producing PDH unit – the location for the same is not yet finalised. There are also plans to add 900,000 tonnes/year of ethylene capacity in Grangemouth, UK, and Rafnes in Norway.

INEOS operates phenol, acetone and cumene plants in Germany, Belgium and the US. Its worldwide production capacity for phenol stands at 1.9m tonnes/year, while that for acetone stands at 1.2m tonnes/year and for cumene at 1.3m tonnes/year. 

Learn more at CMT’s 15th Phenol/Acetone & Derivatives Markets on 6-7 March, 2018 in Singapore.

For more information, contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147.

Read more>>>

26 Oct, 2017