Petrochemicals prices - 2 EH, NBA - see a sharp decline in the light of on new Chinese capacity.
What does thi mean for future prices and availability?
Climate Change: Implications for the Extractive and Primary IndustriesECFoundation
The Fifth Assessment Report from the
Intergovernmental Panel on Climate Change is the
most comprehensive and relevant analysis of our
changing climate. It provides the scientific fact base
that will be used around the world to formulate
climate policies in the coming years. This document is one of a series synthesizing the most pertinent findings of AR5 for specific economic and business sectors. It was born of the belief that the industrial sector could make more use of AR5, which is long and
highly technical, if it were distilled into an accurate, accessible, timely,
relevant and readable summary. Although the information presented here is a ‘translation’ of the keycontent relevant to this sector from AR5, this summary report adheres to the rigorous scientific basis of the original source material. The basis for information presented in this overview report can be found
in the fully-referenced and peer-reviewed IPCC technical and scientific
background reports at: www.ipcc.ch
TOP PLAYERS FILING PATENTS CLASSIFIED UNDER INTERNATIONAL PATENT CLASSIFICATION (IPC) A47: MATSUSHITA ELECTRIC IND CO LTD, LG ELECTRONICS INC, TOTO LTD, SANYO ELECTRIC CO LTD, BSH BOSCH, SIEMENS HAUSGERAETE, KOKUYO CO LTD
IPC DESCRIPTION
A47B
TABLES; DESKS; OFFICE FURNITURE; CABINETS; DRAWERS; GENERAL DETAILS OF FURNITURE (furniture jointing F16B)
A47C
CHAIRS (seats specially adapted for vehicles B60N 2/00); SOFAS; BEDS (upholstery in general B68G)
A47D
FURNITURE SPECIALLY ADAPTED FOR CHILDREN (school benches or desks A47B 39/00, A47B 41/00)
A47F
SPECIAL FURNITURE, FITTINGS, OR ACCESSORIES FOR SHOPS, STOREHOUSES, BARS, RESTAURANTS, OR THE LIKE; PAYING COUNTERS
This presentation provides an overview of the Open Certified Architect (Open CA) and Open Certified IT Specialist (Open CITS) programmes from The Open Group. These globally recognised, vendor-neutral certification programmes require candidates to submit a portfolio of evidence that details their skills and experience. Suitable for a variety of IT professionals, the Open CA certification has IT Architecture, Enterprise Architecture and Business Architecture streams, and the Open CITS certification caters to IT specialists including Business Analysts, Developers, Testers, Security Specialists, Network Specialists and Service Support Specialists.
Follow our blog and download this presentation(and more) at http://www.realirm.com/blog
Climate Change: Implications for the Extractive and Primary IndustriesECFoundation
The Fifth Assessment Report from the
Intergovernmental Panel on Climate Change is the
most comprehensive and relevant analysis of our
changing climate. It provides the scientific fact base
that will be used around the world to formulate
climate policies in the coming years. This document is one of a series synthesizing the most pertinent findings of AR5 for specific economic and business sectors. It was born of the belief that the industrial sector could make more use of AR5, which is long and
highly technical, if it were distilled into an accurate, accessible, timely,
relevant and readable summary. Although the information presented here is a ‘translation’ of the keycontent relevant to this sector from AR5, this summary report adheres to the rigorous scientific basis of the original source material. The basis for information presented in this overview report can be found
in the fully-referenced and peer-reviewed IPCC technical and scientific
background reports at: www.ipcc.ch
TOP PLAYERS FILING PATENTS CLASSIFIED UNDER INTERNATIONAL PATENT CLASSIFICATION (IPC) A47: MATSUSHITA ELECTRIC IND CO LTD, LG ELECTRONICS INC, TOTO LTD, SANYO ELECTRIC CO LTD, BSH BOSCH, SIEMENS HAUSGERAETE, KOKUYO CO LTD
IPC DESCRIPTION
A47B
TABLES; DESKS; OFFICE FURNITURE; CABINETS; DRAWERS; GENERAL DETAILS OF FURNITURE (furniture jointing F16B)
A47C
CHAIRS (seats specially adapted for vehicles B60N 2/00); SOFAS; BEDS (upholstery in general B68G)
A47D
FURNITURE SPECIALLY ADAPTED FOR CHILDREN (school benches or desks A47B 39/00, A47B 41/00)
A47F
SPECIAL FURNITURE, FITTINGS, OR ACCESSORIES FOR SHOPS, STOREHOUSES, BARS, RESTAURANTS, OR THE LIKE; PAYING COUNTERS
This presentation provides an overview of the Open Certified Architect (Open CA) and Open Certified IT Specialist (Open CITS) programmes from The Open Group. These globally recognised, vendor-neutral certification programmes require candidates to submit a portfolio of evidence that details their skills and experience. Suitable for a variety of IT professionals, the Open CA certification has IT Architecture, Enterprise Architecture and Business Architecture streams, and the Open CITS certification caters to IT specialists including Business Analysts, Developers, Testers, Security Specialists, Network Specialists and Service Support Specialists.
Follow our blog and download this presentation(and more) at http://www.realirm.com/blog
통계분석연구회 2016년 겨울맞이 추천 도서와 영상
2016년 겨울 방학 및 휴가철을 맞이하여서 추천 도서와 영상 자료를 공유합니다. 올해에는 다양한 분야에서 분석 관련 도서가 출간이 되었네요. 다양한 분석 관련 서적의 선택을 고민하시는 분들에게 좋은 지침이 되리라 생각이 됩니다.
기억에 남는 통계 관련 추천 도서 또는 통계 관련 영상에 대한 많은 공유 부탁 드립니다. 아래 게시판에 통계 관련 추천 도서 또는 동영상에 대한 정보를 공유 또는 추천을 해주시면 검토 후에 다음 자료 업데이트 시에 반영하도록 하겠습니다.
(통계분석 연구회 통계도서게시판 / 통계영상자료실)
통계 관련 주제로 글을 연재로 올려주시면 글을 모아서 회원들과 공유하는 장을 만들도록 하겠습니다. 관심 있는 분들의 많은 참여 부탁 드립니다.
( 2016년 추가 : 갈색 표시, 2016년 하반기 추가 : 파란색 )
* 통계분석연구회 ( http://cafe.daum.net/statsas )
* 통계분석연구회 페이스북 (https://www.facebook.com/groups/statsas)
Will India and China continue to enjoy healthy pp margins June 2015Platts
Will India and China continue to enjoy healthy PP margins? Will demand continue to outstrip supply and maintain margins
Platts Editor, Yi-Jeng Huang, recently presented on the topic of India and China Polypropylene on a Platts Petrochemicals webinar.
The high profit margins in the specialty chemicals sector in India has drawn many companies to enter this sector. India is witnessing a huge demand for chemicals and this demand, giving rise to more manufacturers who want to take advantage of this boom. In this globalized economy, you have to be on your toe to give the best product at the most affordable price. Pharmaceutical industry plays an vital role in the world's economy as well as in ensuring the welfare of its citizen. TatvaChintan is one of the world’s leading specialty chemical company in the Pharmaceutical Drug Development Industry.
The changing dynamics and new challenges facing the North American petrochemi...Platts
A comprehensive review of the developments in shale gas affecting the North American petrochemical markets
• The benefits and detriments of the shale gas revolution
• Feedstock advantage spurs investment in new cracker builds and expansions
• New polyethylene capacities and exports to Latin America
• Lighter feed slates and the negative impact on heavier products, disconnect in ethylene/propylene production.
• Most significant in propylene as constraints impact pricing and facilitate volatility. Spillover effect for derivative products.
• Pending supply increases. Will it be enough?
• The shale boom and its impact on aromatics
• Lighter feed slates at crackers curbs aromatics output, negatively impact downstream products such as styrene, PTA, and PET
• Increased crude from shale plays and impact on crude import/export balance
• Northeast refineries shift to lighter crudes, trend likely to continue going forward.
• Conclusion
• What does this mean for the US petrochemical landscape going forward?
• How will this impact/alter global petrochemical trade flows?
AVI Global Plast is a packaging company based in India. With over two decades in the plastic packaging space, AVI has evolved from becoming a proprietary company to a multi million dollar professionally managed company.
Platts Senior Editor, Nandita Lal, recently presented this slide deck at Platts Vienna Forum during the EPCA conference last month.
Key takeaways include:
- Cracking light feedstocks changes C2, C3 trade flows
– means EU C3 could stay at premium
- Higher EU propylene prices could suck in imports
- US, Asia eye PDH expansions to fill propylene
shortage
- Europe on high end of propylene investment curve
- Like with ethylene, CTO/MTO are big question mark
Industrial Biotechnologies China News focuses on biofuels, bio-products, bio-based chemicals, bio-materials and industrial biotechnology applications, offers latest investment hotspots, new technology & product, company & market dynamics, and government regulations, aiming to facilitate your insight into China's industrial biotechnology.
Indian CGD Players Eye on Profits as Global LNG Crashes to Record Breaking LowsTechSci Research
Pressurized by the supply glut and demand crash, crude oil prices declined by 5 per cent to around $28 per barrel on Wednesday. As per the recent monthly analysis report of International Energy Agency (IEA), the April oil demand will show a dive by 29 million barrel per day (bpd) to break the records in the last 25 years.
Similar to Petrochemical prices fall linked to new Chinese capacity (20)
Webinar: H1 2021 Global Food Commodity ReviewPlatts
In this webinar, discover how to stay ahead of market trends and dynamics, particularly at a time of high uncertainty in food commodity markets. Explore a comprehensive view of the Mintec commodity prices covered, going beyond just reporting market events but also providing insights on what to look out for and prepare for the first half of 2021. Some of the key topics covered are:
The weather has played a key role in global supply, particularly in those regions affected by droughts, floods and tropical storms. The La Nina weather pattern has caused droughts among Brazil's coffee heartlands, while also accelerating rainfall levels in Colombia.
Speculation has been a key theme for the soft commodity markets, particularly in light of changing consumption patterns and supply gluts and/or shortages related to the global pandemic. Speculative forces are expected to remain a key driver going into 2021. This webinar will evaluate commodity markets that experienced significant price movements in the second half of 2020, including Arabica and cocoa, while highlighting key factors to look for over the next six months
Despite the loss in foodservice demand, the food industry showed a relatively high level of resilience to the impact of COVID-19 disruptions, for the mere reason that food remains essential. Consequently, markets such as the fruit and vegetable market experienced a considerable spike in demand, as the health and wellness trend became more critical than ever. In this webinar, we will look into what's in store for the fruit and vegetable market category in 2021, amid other market drivers beyond COVID-19.
Could coal be the answer to global plastics shortagesPlatts
The CTO/MTO process
CTO/MTO Economics
Current Status – Projects
Impact on the global ethylene feedstock slate
Impact on PE and PP fundamentals
China’s shortage of ethylene and propylene
Difficulty of importing olefins
Demand growth for PE and PP
Naphtha crackers too dependent on imports
Coal price advantage
CTO process proven successful in 2011
Detailed look at Europe's petrochemical markets.
Page 3 - Benzene - Rise like a phoenix -- will benzene climb out of crude wreckage?
Page 11 – Polyethylene - Rise in EU tariffs to constrain -- but not quash -- PE imports from Gulf
Page 15 – Paraxylene - European paraxylene to look for US demand in 2015 as Asia cuts imports
Page 20 – PVC - Consolidation, acquisition look set to bring changes to European PVC pricing
Page 23 – Naphtha - Naphtha prices a double-edged sword for European industry
Page 29 – Butadiene - New capacity to squeeze European butadiene prices further
Page 32 – SBR - Struggling currency, crude oil collapse to weigh on Europe's SBR market
Page 40 – MTBE - US MTBE turnarounds set to keep European market tight in Q1
Page 44 – Methanol - European methanol outlook to remain volatile
Global Petrochemical Prices Plunged 18% in December.
Platts Global Petrochemical Index (PGPI) Prices explains how the $3-trillion-plus global petrochemicals market fell another 18% in December -- the biggest month-over-month drop since November 2008 -- as energy and naphtha prices continued to slide.
The PGPI reflects a compilation of the daily price assessments of physical spot market ethylene, propylene, benzene, toluene, paraxylene, low-density polyethylene (LDPE) and polypropylene as published by Platts and is weighted by the three regions of Asia, Europe and the United States.
Read the full analysis in the presentation.
The US shale oil revolution is a classic example of high prices and technological innovation spurring previously unimaginable increases in production. But can the boom continue despite the drop in global prices, driven by further technological development, or are we set to see some unravelling as margins evaporate?
Petrochemical Prices: Is Ethylene Becoming The BearPlatts
Platts Senior Analyst, Hetain Mistry, recently presented this slide deck at Platts Forum in Vienna during the EPCA conference.
Key takeaways include:
- The US to outweigh the Middle East in terms of cracker
additions over the next ten years
- The US will become a truly global PE export player
- The Middle East will maintain its dominance in PE exports
- CTO/MTO additions to add to global PE surpluses
- Western Europe’s cracker industry will continue to suffer and options of sustainability are far and few between
- Western Europe will see its PE import requirement rise
Want to improve and protect your margins? Does plastic packaging make up a large percentage of your costs?
If you answered yes; you need to be aware of the changes to the plastics supply chain and how those changes will affect the Fast Moving Consumer Goods industry.
Shale gas is rapidly changing the supply equation for ethane – a key raw material in the production of plastics.
As ethane producers take advantage of low cost shale gas, plastic markets will become oversupplied – increasing your packaging supply options. This will allow you to negotiate more cost effective contracts.
Platts’ analysts have created a mini-guide to help you understand how the shale gas revolution will affect your business. And what you need to know to protect your margins. Download your copy now.
http://bit.ly/1D0z1H6
The shale revolution in the US not only provided low-cost ethane to revive the US industry, it has also given hope of economic survival to European producers that can crack gas instead of liquid naphtha.
The question remains however: will the shift to ethane feedstocks pay off?
This Analysis Feature from Platts.com explores the some of the key issues faced by European producers wanting to crack ethane.
Global petrochemical prices fell 1% in AugustPlatts
The Platts Global Petrochemical Index reflects a compilation of the daily price assessments of physical spot market ethylene, propylene, benzene, toluene, paraxylene, low-density polyethylene (LDPE) and polypropylene as published by Platts and is weighted by the three regions of Asia, Europe and the United States.
platts petrochemical prices Coal to-olefins technology in china could soon fl...Platts
CTO Coal to Olefins Boom
Polyethylene, also called polythene, is the world’s most widely used plastic, primarily used to make films used in packaging and plastic bags. Polyethylenes consume more than half of the world’s supply of ethylene, derived from various petrochemical olefins.
Shale Gas, Crude and Their Impact on Global Petrochemicals - December 2013Platts
NGL production and impact on petrochemicals in the US and globally
Cheal gas spurs expansions and new products across the US
Potential herdles to new steam cracker prokects
negative impact on cracking
10 year forecast including Benteks pricing model
growth of US crude phenomenon
why it matters
Shale gas, naphtha & the petchems conundrum 2013Platts
Petchems market in review
–Fundamental changes
–US feedstock advantage
•Naphtha trade flows
–Where are the demand & supply centers
–Growth of US shale oil gives rise to LPG, naphtha exports to Asia
2
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
2. Sharp decline in prices on new Chinese
capacity
• Asian 2-ethyl hexanol prices averaged $1,426/mt CFR
China in the first quarter of 2014, down 10% from a
similar period in 2013, Platts data showed April 3.
• Asian 2-EH prices had averaged $1,584/mt CFR China
in Q1 2013.
2
4. Drop in margin for producers who lower
operation rates
• In contrast, propylene, which acts as a feedstock for 2-EH,
averaged $1,396/mt in Q1 2014 up $88/mt or 6.3% from from
a similar period in 2013.
• A drop in 2-EH prices along with a rise in feedstock propylene
prices led to a steep drop in margins for 2-EH producers who
have resorted to lowering of operation rates or using the
product for captive consumption.
• The 2-EH/propylene spread stood at $30/mt in Q1 2014 more
than nine times lower as compared to $276/mt in a similar
period in 2013, Platts data showed.
4
5. LG Chem shut its Yeosu based plant for most of
march
• "The fall in 2-EH prices and margins in the first quarter
came even as two 2-EH prominent producers who sell
into the Asian spot markets kept their plants shut for
maintenance. Furthermore, several small producers in
China ran their plants at an average of 60% of capacity," a
Chinese trader said.
• South Korea's LG Chem had shut its Yeosu based 150,000
mt/year plant and Hanwha Chemicals had kept its
100,000 mt/year plant also based in Yeosu shut for
maintenance for most of March.
• Both these plants are currently running at full capacity.
5
6. DOP demand has dropped in recent years
• About 75% of 2-EH in Asia is used in making plasticizer dioctyl
phthalate, or DOP, demand for which has dropped in recent years.
• This is because the use of DOP is banned in the production of toys
in the US and the EU, and Asian toy manufacturers are starting to
follow suit.
• DOP prices averaged $214/mt in Q1 lower $214/mt, or 12% from an
average of $1,751/mt in Q1 2013.
• Prices of normal butanol, which is produced along with 2-EH and
uses the same feedstock propylene in swing plants across Asia,
averaged $1,206/mt in Q1 2014 down $263/mt or 22% from Q1
2013.
6
8. New Chinese capacity applying pressure on
prices
• China saw coming onstream of new capacity of 800,000
mt/year each of 2-EH and NBA over the past six months.
• The country is expected to see a total of about 1 million
mt/year each of new 2-EH and NBA capacity by mid-June.
• "China was the prime import market 2-EH and NBA till the end
of 2013. Since 2013 it has become increasingly self sufficient.
The country has begin exporting these products," a Chinese
producer said.
• According to sources, China's state-owned Tianjin Soda is in
talks to sign term contracts for 2-EH and NBA cargoes with
buyers globally
8
9. New Chinese capacity applying pressure on
prices (cont…)
• The company doubled production capacity at its oxo-alcohols
plant at Binhai Industrial Area in September and dedicated
most of the additional capacity to exports.
• The company's Binhai swing plant currently has the capacity
to produce 280,000 mt/year of 2-EH, 170,000 mt/year of
normal butanol and 50,000 mt/year of
isobutyl alcohol.
• Tianjin Soda built a pipeline linking its plant to Tianjin port in
June 2011.
• It began exporting cargoes in January 2013 as Chinese
domestic markets grew increasingly oversupplied
9
10. Sharp decline in Chinese imports
• The falling demand for 2-EH and NBA is reflected in
Chinese 2-EH import figures that have slid sharply over
the first two months of 2014.
• China imported 32,323 mt of 2-EH in January and
February down almost 54% year on year from a similar
period in 2013.
• The country imported 46,744 mt of NBA in January and
February down 38% year on year from Q1 2013.
10
11. Click below to download the PDF
11
Click here to download