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KICHEM2012 3 Acetyls KW
KICHEM2012 3 Acetyls KW
Keiji Wakatsuki
KICHEM 2012
PRESENTATION OUTLINE
12%
4%
50%
1% 15%
9%
China 4%
15%
15% 3%
E Europe
ME/Africa
Total 2005 Total 2012
SE Asia
10.554 Million Tons 17.949 Million Tons
NE Asia
W Europe
Americas
NE Asia
12%
North China
China 24%
50%
Global Capacity: 17.9 Million Tons China Capacity: 8.6 Million Tons
23%
1%
10%
China
12%
ME/Africa
3% 9%
19% SE Asia
NE Asia
W/E Europe
Americas
Source: Tecnon OrbiChem
KICHEM 2012
WORLD ACETIC ACID SUPPLY & DEMAND - 2012
Consumption Production
12.4 Million Tons 12.4 Million Tons
20% 21%
10%
37% 15%
41%
15%
15%
3%
China 8%
10% 5%
ME & Africa
S & SE Asia
NE Asia
E & W Europe
N & S America
Source: Tecnon OrbiChem
KICHEM 2012
ACETIC ACID PRICES: Q1 2009-2012
850
Taiwan
Import
750
650 China
Import
550
Euro
450 Contract
350
China
250 Export
n-09 pr-09 ul-09 ct-09 n-10 pr-10 ul-10 ct-10 n-11 pr-11 ul-11 ct-11 n-12 pr-12 ul-12
Ja A J O Ja A J O Ja A J O Ja A J
Northeast Asia
ME & Africa
S America
W Europe
600 2008
450
China
2009
300
2010
150
2011
0
-150
N America
E Europe
S & SE Asia
-300
-450
-600
-750
-900
600 600
Export Price
500
Export Volume
400 400
Import Volume
300
200 200
100
0 0
e
00
01
02
03
04
05
06
07
08
09
10
11
12
20
20
20
20
20
20
20
20
20
20
20
20
20
Source: Tecnon OrbiChem
KICHEM 2012
PRESENTATION OUTLINE
Others VAM
15% 33%
PTA
19%
Anhydride
14%
Methanol
Methanol
Ethylene
Ethylene
Acetic
AceticAcid
Acid
Ag/Pharma, Polyvinyl
Polyvinyl Polyester/
Polyester/ Acetate Flake/
Acetate Flake/ Ethyl Acetate
Acetate PET Resin Acetate Tow Ethyl Acetate
Consumer Acetate PET Resin Acetate Tow
Goods
Construction, Polyvinyl Textiles, Consumer Goods, Butyl
Paper,
Polyvinyl
Alcohol ButylAcetate
Acetate
Alcohol Auto, Textiles,
Packaging Packaging Ag/Pharma
Polyvinyl Automotive, Paints, Coatings,
Polyvinyl
Butyral Solar Automotive,
Butyral
Consumer
Goods, Cosmetics
Adhesives, Film,
EVA/VAE
EVA/VAE Solar, Coatings
80 All Others
70 PTA
10,000
60 Butyl/Other
Acetates
50
Ethyl Acetate
40
5,000 Anhydride
30
20 VAM
10
0 0
2009 2010 2011 2012 2013
West Europe
13%
China
32%
E Europe
2%
SE Asia NE Asia
3% 22%
PTA installed
capacity in NE Asia
23%
China to reach
36 million tpa
during 2013/14
SE Asia
E Europe ME/Africa 16%
~1% 3%
N America S America
4% 5% W Europe
8%
NE Asia
6%
China Etac plants
operating close to SE Asia
50% rates in 2012 13%
ME/Africa
1%
E Europe
China 3%
60%
ME & Africa
2% Majority of Acetic
Anhydride output
E Europe
1%
used for production
of acetate flake/tow
W Europe
13%
China
33%
Source: Tecnon OrbiChem Total = 3 Million Metric Tons
KICHEM 2012
PRESENTATION OUTLINE