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Outage Capacity Loss per Month (kt) 40 30 20 10 0 Jan 2018 Feb 2018 Mar 2018 Apr 2018 May 2018 Jun 2018 Jul 2018 Aug 2018 Sep 2018 Oct 2018 Unplanned outages Planned outages HEAVY 2018 MAINTENANCE FOR EUROPEAN OXO-ALCOHOLS SUPPORTS 2-EH MORE THAN NBA AND IBA This ICIS infographic shows the heavy maintenance schedule carried out in Europe for oxo-alcohols in 2018, along with import and export data during the works schedule. The outages for the three largest European producers are all large five-yearly maintenance works. The price charts show that 2-EH has been more supported than NBA and IBA through the year. With some hurdles still to jump, will NBA and 2-EH pull in different directions in the months ahead? By Jane Massingham EUROPEAN OXO-ALOHOLS PRODUCTION SITES AND THE SHUTDOWNS FOR 2018 Outage Capacity Loss per Month (kt) 40 30 20 10 0 Jan 2018 Feb 2018 Mar 2018 Apr 2018 May 2018 Jun 2018 Jul 2018 Aug 2018 Sep 2018 Oct 2018 Unplanned outages Planned outages Global 2-EH Disruptions by Month ICIS pricing and analytics solutions provides you with the information you need to understand the impact on supply as a result of planned and unplanned outages for over 60 commodities including oxo-alcohols. Track live Oxo-alcohols global outages NBA IBA 2-EH Capacity: kilo tonnes/year Sweden Poland Romania Germany France BASF Ludwigshafen 500,000 tonnes/year Mid-August to early October Five-yearly maintenance 450 50 130 300 10 Oxea Oberhausen 440,000 tonnes/year 26 May-7 July Five-yearly maintenance 450 125 30 INEOS Lavera 315,000 tonnes/year 28 February-12 April Five-yearly maintenance 26 June-30 July Force majeure Perstorp Stenungsund 160,000 tonnes/year 15 September to 10 October Planned maintenance 160 Grupa Azoty Zak Kedzierzyn-Kozle 225,000 tonnes/year 1 June-25 July Force majeure 1-15 July Planned maintenance 35 170 20 Oltchim Ramnicu Valcea 46,000 tonnes/year 1-14 September Planned maintenance 2 40 4 Request a trial Global NBA Disruptions by Month

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Outage Capacity Loss per Month (kt)40

30

20

10

0Jan2018

Feb2018

Mar2018

Apr2018

May2018

Jun2018

Jul2018

Aug2018

Sep2018

Oct2018

Unplanned outagesPlanned outages

HEAVY 2018 MAINTENANCE FOR EUROPEAN OXO-ALCOHOLS SUPPORTS 2-EH MORE THAN NBA AND IBA

This ICIS infographic shows the heavy maintenance schedule carried out in Europe for oxo-alcohols in 2018 along with import and export data during the works schedule The outages for the three largest European producers are all large five-yearly maintenance works The price charts show that 2-EH has been more supported than NBA and IBA through the year With some hurdles still to jump will NBA and 2-EH pull in different directions in the months ahead By Jane Massingham

EUROPEAN OXO-ALOHOLS PRODUCTION SITES AND THE SHUTDOWNS FOR 2018

Outage Capacity Loss per Month (kt)40

30

20

10

0Jan2018

Feb2018

Mar2018

Apr2018

May2018

Jun2018

Jul2018

Aug2018

Sep2018

Oct2018

Unplanned outagesPlanned outages

Global 2-EH Disruptions by Month

ICIS pricing and analytics solutions provides you with the information you need to understand the impact on supply as a result of planned and unplanned outages for over 60 commodities including oxo-alcohols

Track live Oxo-alcohols global outages

NBA IBA 2-EH Capacity kilo tonnesyear

Sweden

Poland

Romania

Germany

France

BASF Ludwigshafen

500000 tonnesyearMid-August to early OctoberFive-yearly maintenance450 50

130 30010

Oxea Oberhausen

440000 tonnesyear26 May-7 JulyFive-yearly maintenance

450 12530

INEOS Lavera

315000 tonnesyear28 February-12 April Five-yearly maintenance26 June-30 July Force majeure

Perstorp Stenungsund

160000 tonnesyear15 September to 10 October Planned maintenance160

Grupa Azoty Zak Kedzierzyn-Kozle

225000 tonnesyear1 June-25 July Force majeure1-15 July Planned maintenance35 17020

Oltchim Ramnicu Valcea

46000 tonnesyear1-14 SeptemberPlanned maintenance2 404

Request a trial

Global NBA Disruptions by Month

EUROPEAN OXO-ALCOHOLS IMPORT AND EXPORT TRADE FLOWS 2017

41Mexico

52Saudi

58SouthAfrica

68US

7Russian

Federation

9India

31US

35South Korea

30US

13India

6SouthAfrica

13Saudi

18Russian

Federation

12China

10US

4Indonesia

18China

11Malaysia

3China

1India

01Russian

Federation

2Brazil

1UAE

6SouthAfrica

3US

1Brazil

05Malaysia

4China

04Brazil

02 Mexico

700

800

900

1000

1100

1200

1300

Spot FD NWE 2EH Spot FD NWE IBASpot FD NWE NBA

eurotonne

Aug2017

Sep2017

Oct2017

Nov2017

Dec2017

Jan2018

Feb2018

Mar2018

Apr2018

May2018

Jun2018

Jul2018

Aug2018

Europe spot 2-EH IBA and NBA

700

800

900

1000

1100

1200

1300

Spot FD NWE 2EH Spot FD NWE NBA Spot FD NWE Propylene

eurotonne

Aug2017

Sep2017

Oct2017

Nov2017

Dec2017

Jan2018

Feb2018

Mar2018

Apr2018

May2018

Jun2018

Jul2018

Aug2018

Europe spot 2-EH and NBA vs European propylene contract price

Contributing analyst Rob Peacock

Start of European shutdowns 2018

2EH maintains margin but NBA disappears despite outages

Top 5 exports 2EH (KT)

Top 5 exports NBA (KT)

Top 5 exports IBA (KT)

Top 5 imports 2EH (KT)

Top 5 imports NBA (KT)

Top 5 imports IBA (KT)

BASF restarted after year long FM

EUROPEAN OXO-ALCOHOLS IMPORT AND EXPORT TRADE FLOWS 2017

41Mexico

52Saudi

58SouthAfrica

68US

7Russian

Federation

9India

31US

35South Korea

30US

13India

6SouthAfrica

13Saudi

18Russian

Federation

12China

10US

4Indonesia

18China

11Malaysia

3China

1India

01Russian

Federation

2Brazil

1UAE

6SouthAfrica

3US

1Brazil

05Malaysia

4China

04Brazil

02 Mexico

700

800

900

1000

1100

1200

1300

Spot FD NWE 2EH Spot FD NWE IBASpot FD NWE NBA

eurotonne

Aug2017

Sep2017

Oct2017

Nov2017

Dec2017

Jan2018

Feb2018

Mar2018

Apr2018

May2018

Jun2018

Jul2018

Aug2018

Europe spot 2-EH IBA and NBA

700

800

900

1000

1100

1200

1300

Spot FD NWE 2EH Spot FD NWE NBA Spot FD NWE Propylene

eurotonne

Aug2017

Sep2017

Oct2017

Nov2017

Dec2017

Jan2018

Feb2018

Mar2018

Apr2018

May2018

Jun2018

Jul2018

Aug2018

Europe spot 2-EH and NBA vs European propylene contract price

Contributing analyst Rob Peacock

Start of European shutdowns 2018

2EH maintains margin but NBA disappears despite outages

Top 5 exports 2EH (KT)

Top 5 exports NBA (KT)

Top 5 exports IBA (KT)

Top 5 imports 2EH (KT)

Top 5 imports NBA (KT)

Top 5 imports IBA (KT)

BASF restarted after year long FM