ChemOrbis Italian Plastics Industry Almanac 2012 (English) by ChemOrbis

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Italian Plastics Industry

Almanac

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ChemOrbis is pleased to deliver the Italian Plastics Industry Almanac for 2012 to you. The Almanac, which is among the industry leading initiatives of ChemOrbis, includes overall reviews of Italy s PP, PVC, PE, PS and PET markets and it presents a comprehensive review of the global polymer sector as well as Italy s import statistics and ChemOrbis Italy price indices. ChemOrbis, which has over 61,000 members, is a professional business platform in the plastics industry which provides you the essential services of networking and market information as well as helping you to make more profitable sales and purchases.

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Italian Plastics Industry

Almanac 2012

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Table of Contents

Table of Contents Italy Plastics Industry - Almanac 2012

Products Overviews

P. 5

Overview of Italy Polymer Market

P. 15

PET

PVC

Overview of Global Polymer Markets PE

P. 23

Events

P. 133

P. 155

Company Directory

P. 183

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ChemOrbis Services Overview of Global Polymer Markets Overview of Turkish Polymer Market General Outlook PE PE Market Review PE Price Graphs PE Price Index PP PP Market Review PP Price Graphs PP Price Index PVC PVC Market Review PVC Price Graphs PVC Price Index PS PS Market Review PS Price Graphs PS Price Index

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5 15 16 23 27 32 47 55 59 64 74 79 83 87 95 99 103 108 114

PET PET Market Review PET Price Graphs Events About Events 2012 Events: ChemOrbis 3. Asya Toplantýsý 2. ChemOrbis Polymer Insights Toplantýsý 1. ChemOrbis Türkiye Toplantýsý ChemOrbis Services Overview Services Events Yayýnlar Advertisement Member Views Company Directory

119 123 127 133 134 135 144 148 155 156 160 168 172 174 179 183

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Industry Overview

Global Polymer Markets

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Overview of Global Polymer Markets

Polymer prices generally ended 2012 slightly firmer than they had been at the start of the year following a volatile trading period that saw prices rising for the first few months of the year, sinking towards the middle of the year, rising again but later moderating over the last few months before finally ending the year on a firmer note. PS prices were an exception to the general trend, ending the year at record high levels following nearly six months of continuous price increases after reaching their 2012 trough in the middle of the year.

Crude OilNymex, NaphthaCFR-Japan, NaphthaCIF-NWE Comparison

Upstream, crude oil prices ended the year around $11/barrel below their early January levels while spot naphtha prices in both Asia and Europe ended the year slightly firmer than their early January levels. Persistent economic instability plagued global markets during 2012 and many producers complained of disappointing financial performance. Protectionism became a major topic of interest for global players during the year as both Turkey and Egypt experimented with higher customs duties and other forms of measures aimed at insulating domestic industry while Iran surprised players late in the year by implementing an export ban on polymers which had only partially been lifted by the end of the year.

Crude Oil and Naphtha

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Global polymer markets posted strong increases in January 2012 as many players commented that the previous December had marked the trough of the declining trend that extended through the second half of 2011. Spot monomer prices posted considerable increases over the course of the month, with spot prices for propylene, ethylene and styrene seeing triple digit increases in most major economic regions. Expectations of cost-driven increases in February generated some additional demand in the last few weeks of the month, helping to offset the loss in demand occasioned by the week-long Chinese New Year holidays which took place in late January. Egyptian players also reported subdued demand and a relatively slower pace of price increases as many buyers worried about the possibility of further political unrest on the January 25 anniversary of the Egyptian revolution. A new tax on plastic bags in Vietnam slowed PE demand in that country, but this was partially offset by reports of stronger post-flood demand from the nearby Thai market.

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Further strong increases were registered in February on the back of escalating upstream costs as crude oil prices on the NYMEX jumped nearly $10/barrel while spot naphtha prices in both Europe and Asia posted increases of around $100/ton. Monthly monomer contracts in Europe settled with 90-120/ton increases. On the other hand, demand from the Chinese market was not as good as players had been hoping following the Chinese New Year holidays in late January while ongoing economic difficulties in Europe also weighed down on demand. Ethylene Prices

EthyleneCFR-FEA, Ethylene-FDUSG, Ethylene FDNWE Comparison

>Healthy PVC demand from Southeast Asia and Russia helped PVC sellers to achieve strong increases in spite of slower than expected Chinese demand. The ongoing shutdown at Tosoh s VCM complex in Nanyo, with more than 1 million tons/year of total capacity, helped buoy PVC sentiment as did weather-related force majeure declarations from Solvin and Arkema in Europe.

Ongoing uncertainty surrounding the implementation of a new plastic bag tax in Vietnam restrained PE demand from the country. Players in Turkey s PET market finally began to receive allocations for exemptions from the PET safeguard measures adopted by the Turkish parliament towards the end of 2011 and designed to limit PET imports into the country. PET imports jumped in February after two months of extremely depressed import figures in December and January. In the meantime, Polimeri, later to be renamed Versalis, decided to replace its 200,000 tons/year LLDPE unit in Priolo with two separate plants for the production of elastomers and synthetic resins under the investment plans of its parent company Eni for the period 2012-2015. Prices continued to climb throughout the first half of March along with strong upstream costs, but the upward momentum weakened towards the end of the month because feedstock costs began to change direction. European ethylene and propylene contracts settled with significant hikes of 86-90/ton while the European styrene contract rolled over. This led to Italian PP and PE prices seeing hikes of 90-130/ton. Italian HIPS prices witnessed 30-50/ton increases due to strong butadiene costs but GPPS prices held largely steady on the month. Italy continued to attract a good number of non-European imports given its premium over other major global polymer markets.

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Overview of Global Polymer Markets

Players engaged in long distance trade complained that sharply increased freight rates hampered their business in March. Chinese PET producers reported seeing good sales in the domestic market but disappointing business in the export market because of higher freight rates, while PVC producers in Southeast Asia complained that they were having a harder time concluding profitable deals with Mediterranean countries such as Turkey. LLDPE prices in Asia saw larger increases when compared with other PE products owing to relatively tighter supply for LLDPE. Healthy demand from Southeast Asia helped buoy prices in Asia as demand from China remained slower than expected, leading some Chinese traders to attempt to redirect their PE cargoes to Southeast Asia.

>Polymer prices turned sharply southward in May as fresh concerns regarding the overall health of both the EU and the US hampered buying interest. Eurozone manufacturing and services output shrank at the fastest pace in around three years. As a result of the worsening economy, Ineos Olefins and Polymers announced that it was considering selling its HDPE plant in Rosignano, Italy with a capacity of 200,000 tons/year. The company was also considering a sale of its HDPE plant in Sarralbe, France. Crude oil futures on the NYMEX lost nearly $20/barrel over the course of the month while spot naphtha prices in Asia and Europe posted steep declines of around $170-200/ton. The steepest losses were observed in the second half of the month since many sellers who had been hoping to achieve rollovers or modest decreases earlier in May were forced to concede to significant price reductions towards the end of the month.

Players in Turkey reported that the Turkish government applied a 7% safeguard measure on imports of Iranian LDPE.

PropyleneFD-NWE, PropyleneFD-USG, PropyleneFOB-Korea Comparsion

Propylene Prices

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The month of April opened on a firm note after producers nominated another round of large increases on their PP and PE prices, although these increases generally had to be revised downwards later in the month as energy prices began to lose ground and holidays in both Europe and Asia cut into the length of the working month. PVC prices witnessed smaller initial hikes than PP or PE prices, although sellers PVC increase proposals were generally more successful due to limited availability from the US following some unexpected shutdowns in the countr y kept PVC supply tight. Shutdowns at some VCM plants in Asia also contributed to firmer sentiment for PVC. In contrast, PS prices generally opened the month of April on a bearish note before stabilizing later in the month. HIPS prices avoided large decreases because of support from higher butadiene costs but GPPS prices recorded monthly decreases in several global markets. Non-European cargoes continued to make their way to Italy as the country retained a healthy premium over other global markets, but escalating freight rates proved an obstacle to long-distance trades. During April, one of the biggest petrochemical companies in Europe, Italian Polimeri Europa, changed its name to Versalis. The company, operating six steam crackers in Italy with a combined capacity of 2 million tons/year, was aiming to overcome geographical restrictions present in the Polimeri Europa name.

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VCM-FOBUSG, VCMCFR-FEA, VCM-FOBNWE Comparison

VCM Prices

PS prices in Italy bucked the global trend for most of the month as sellers managed to pass 10-30/ton increases on their prices during the first half of May owing to the increase in the monthly styrene contract settlement, although decreases were beginning to be reported in the country s spot market by late May. Decreases were exacerbated towards the end of the month by a widespread waiting attitude on the part of buyers, which proved justified when initial June import prices began to be announced late in the month with decreases of around $100-200/ton. Polymer prices continued to move downward in June as demand was generally described as lackluster while upstream costs posted significant declines. Crude oil prices on the NYMEX slipped more than $10/barrel and spot naphtha prices in both Asia and Europe fell more than $100/ton. Import PVC and PE prices posted triple digit decreases in many parts of Asia and the Mediterranean, while PP markets proved resilient, witnessing relatively smaller decreases of around $10-60/ton. Domestic PP, PE and PVC prices also witnessed large declines in Italy, while Italian PS prices opened the month with rollovers to slight increases but deals were ultimately done with 20-60/ton decreases. On June 5, the Egyptian government announced new protection fees of 15% or $267/ton on all homo-PP imports to the country, sparking widespread controversy among buyers and paralyzing the import market as the government agreed to launch an investigation into the protection fees in the face of widespread protests from converters.

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Overview of Global Polymer Markets

Players in China opened the month hoping for support from new government stimulus spending, but this speculation did not lead to any long-term impact on the market because the government clarified that they were planning a smaller stimulus than the measures implemented in 2008. >Prices began to change direction once again in July as a rebound in crude oil and naphtha prices sparked off a fresh round of increases for most polymer products. PP prices were stagnant to softer in Egypt as the ongoing controversy over the government s protection fee measures pressured overseas producers to lower their prices to remain competitive relative to locally-held cargoes. Import PE prices also declined to Egypt, with sellers pointing to lackluster demand as the main factor weighing down prices. While PP and PE prices in Egypt moved lower, homo-PP imports posted month over month jumps of around $100/ton in Turkey, $60/ton in SEA and $30/ton in China.

StyreneFOB-NWE, StyreneFOB-Korea, StyreneFOB-USG Comparison

Styrene Prices

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The Turkish market also witnessed strong increases of around $100/ton in the PE market while PE prices to China and Southeast Asia gained $30-70/ton on the month, with the largest increases being seen in LLDPE film prices. In Italy, polymer prices posted significant losses in the first half of July as the monthly monomer contracts settled at the start of the month with 170/ton decreases for propylene and ethylene and 115/ton for styrene. However, Italian prices began to rise in the second half of the month and ended close to their late June levels. Upstream costs continued to rally in August, with crude oil prices on the NYMEX gaining around $8/barrel on the month and spot naphtha prices in Asia and Europe posting month over month increases of around $100-120/ton. European monomer contracts settled with increases of 140/ton for ethylene, 120-130/ton for propylene and 135/ton for styrene. Although trading activity was extremely limited in Italy owing to the summer holidays, the strong increases in feedstock costs starting from late July generated large increases on polymer prices for August. PE, PP and PS prices jumped 100-200/ton on the month while PVC prices witnessed relatively modest increases of 7080/ton. Smaller month over month increases of around $20-40/ton, coming in well below the observed increases in upstream costs in most cases, were observed outside Europe.

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Overview of Global Polymer Markets

The Ramadan month and post-Ramadan holidays limited trading activity among Muslim countries while an unusually active typhoon season affecting several major Asian economies also contributed to disappointing market activity in that region. In Egypt, PP buyers expressed satisfaction with EPPC s pricing policy following the implementation of protection fees in the country, although converters complained about insufficient domestic availability. Hearings about the future of Egypt s protection fees were held towards the end of August as buyers continued to fight back against the new protection measures.

the Egyptian government cancelled the protection fees on homo-PP imports that initially been announced in June. Although it was unclear whether the fees might be reimposed after 2012, converters in the country were said to be happy with the decision. However, they complained that locally-held supplies were tight after EPPC had to shut its plant for a three to four week maintenance in late September, leaving the local market undersupplied since buyers had been purchasing very limited numbers of import cargoes at the time during which the protection fees were active.

Italy s polymer markets continued to outpace other global polymer markets in September, although buyers complained that two consecutive months of significant increases were hurting demand and pushing buyers to take greater interest in near-to-prime cargoes and import offers. Following triple digit increases in the monthly propylene and ethylene contracts, spot prices in Italy recorded 100-200/ton hikes for PP and PE and relatively smaller increases of 50-100/ton for PVC and PS. Sentiment weakened in Europe towards the end of the month when naphtha and crude oil prices softened. Outside Europe, the Asian PS market recorded the largest monthly increases when GPPS prices rose $100/ton over the month in China while HIPS prices gained $60/ton. This rise was attributed to stronger spot styrene prices, which gained $90/ton on the month on an FOB Korea basis. In Turkey, customs duties on LDPE imports from developing countries were raised from 3% to 6.5% while duties on HDPE and homo-PP imports developing countries were raised from 3% to 4.8%. On the other hand,

Polymer prices generally moved lower throughout global markets in October, although Egypt proved more resilient than many other major markets and global PS markets defied the general downward trend by posting significant increases in all major markets. While spot import homo-PP prices declined $25-75/ton in other major markets, Egypt s spot market for homoPP gained around $35/ton. Supply was tight in the country due to the fact that imports had slowed significantly due to the imposition of protection fees on PP imports by the government, which were removed in September but importers had not yet had time to bring in additional supplies. Higher initial October import prices from Middle Eastern producers pushed PE prices higher in Egypt as well in defiance of the general global trend, although import prices were revised downward later in the month. Import PS prices firmed up around $25-75/ton as producers complained of tight supply while spot styrene prices posted hikes of around $50/ton month over month in Asia.

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Global trading activity was generally limited during the month of October due to the Chinese National Day holidays during the first week of the month and Ramadan holidays in Muslim countries towards the end of the month ensured that many buyers would purchase smaller than normal quantities. In upstream markets, spot naphtha prices were firmer for most of the month in both Asia and Europe but ended the month virtually unchanged from the end of September. Polymer prices followed a stable to softer trend during the month of November. Turkey s LDPE and LLDPE markets posted some of the largest monthly decreases, with spot LDPE imports falling $90/ton and LLDPE prices losing $30/ton inside the country, although HDPE prices held mostly stable in Turkey. Iran briefly banned the export of a number of industrial products in late October, including most major polymers, although Iran withdrew the ban on PE exports around one week later. Both China and Turkey are major destinations for Iranian PE. Egypt s PS markets also posted unusually large losses month over month, with import prices sliding an average of around $50/ton for GPPS and $85/ton for HIPS. Egypt s first PS producer, EStyrenics, officially inaugurated its new 200,000 tons/year PS plant, although on-spec production was not expected to occur for another one to two months. The gap between GPPS and HIPS in China s local markets shrank dramatically in the first half of the month due to extremely tight supplies for B-grade GPPS, although some restarts later in the month caused supply concerns to ease somewhat. In upstream markets, spot naphtha prices in both Asia and Europe remained mostly unchanged for the

second consecutive week while spot ethylene prices in Asia and the United States fell around $100-130/ton month over month. Global polymers markets wrapped up the year on a mostly firm note in December as producers pronounced their intentions to take firmer stances on their prices given their disappointing financial results. Some of the most significant increases were observed in PS markets as sellers insisted on achieving increases in light of their unsatisfactory margins following a sustained firming trend in global spot styrene prices. Spot import GPPS prices surged $125-190/ton in major global markets while HIPS prices jumped $90-155/ton, pushing PS prices above their previous record highs recorded in 2008 when crude oil was trading at around $147/barrel. Turkey s PE markets also posted unusually strong increases in December as an outage at domestic producer Petkim s plant along with ongoing difficulties securing reliable shipments from Iran curtailed supply in the country. Some traders reported that Iran was able to move material easily by ship to countries such as China while truck deliveries to neighboring countries like Turkey were still being disrupted. Egypt s import PP and PE markets were stable to slightly softer on the month after posting increases in defiance of generally softening sentiment in the prior month. Strong spot ethylene markets in Asia, which recorded month over month increases of more than $100/ton, also helped buoy sentiment in global PE markets. Strong increases in monomer costs were also reported from the US, where spot prices for both ethylene and propylene recorded monthly increases of around $200/ton.

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Overview of Global Polymer Markets

Industry Overview >Global polymer markets ended 2012 poised for increasing prices at the start of 2013 as upstream costs remained persistently high while polymer producers indicated their determination to achieve price increases in an effort to repair their margins. EgyptÂ&#x2019;s attempt to protect its domestic PP producer by imposing 15% protection fees on PP imports proved shortlived following strong resistance from buyers and production issues at domestic producers leaving the country still dependent on outside sources. Elsewhere, Turkey applied new protection measures on LDPE imports from Iran while raising customs duties on PP, HDPE and LDPE imports from developing countries. Iran had lifted its export ban on PE and PET by the end of the year after banning all polymer exports towards the end of October, although players continued to complain of ongoing difficulties securing Iranian material throughout the last few months of the year.

Italian Polymer Market

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Italian Plastics Industry

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Overview of Italian Polymer Market

Market Size

2012 Total Polymer Demand Â&#x2013; 5,22 Million Mton

Polymer Imports by Year 2012 Total Polymer Demand ABS: 3 % PS (HIPS+GPPS): 7 %

LDPE/LLDPE: 23 %

HDPE: 16 %

PET: 9 %

EPS: 3 %

PVC (S-PVC + E-PVC): 12 %

PP-Homopolymer: 19 %

PP-Copolymer: 8 %

Italian Polymer Market 2012

YOY Change in Polymer Imports 2012 Polymer Imports

1750

160

1500

140

1250

120 99

1000

99 100

750

77 67

500

100

Million ton

56 52

PV C

ol op om PP

-H

-C PP

ym ol op

/L PE LD

T PE

PE D H

20 PE

0 S

250

Import

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Local Production

Import / Total

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Overview of Italian Polymer Market

YOY Change in Polymer Imports (%)

2012 Polymer Imports

Average Import Prices (EUR/mton)

2012 Polymer Imports Â&#x2013; Breakdown by Product

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Overview of Italian Polymer Market

Import By Country 2001-2012 Period

Top 20 (1000 mton) Germany

833

703

687

886

864

943

France

777

728

729

803

800

907

Belgium

658

752

735

811

822

714

Netherlands

319

286

241

283

267

228

Spain

161

153

198

209

Saudi Arabia

930

782

806

841

951

831

800

753

557

551

253

223

238

247

2011 2012

Grand Total

813

750

9,838

895

742

649

9,612

616

586

557

8,112

229

230

212

207

2,977

198

189

263

285

273

2,565

145

142

163

170

179

157

164

190

276

331

335

2,345

Austria

255

251

182

156

133

159

191

176

162

195

187

212

2,259

Hungary

151

126

111

133

165

166

146

145

152

154

119

1,661

South Korea

113

822

Israel

793

United Kingdom

102

728

Czech Republic

621

Croatia

616

Slovakia

600

102

101

600

Poland

571

Greece

545

Denmark

India

453

Portugal

383

Sweden

381

256

308

401

341

380

453

530

560

487

459

486

395

5,057

Other Grand Total

3.917 3.962 3.908 4.302 4.353 4.677 4.943 4.275 4.162 4.585 4.428 4.028 51.540

Period

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

No of exporting countries

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

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2011 2012 74

Total 108

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Overview of Italian Polymer Market

2012

Top 15

Qty (1000 mton)

1. Germany

750

9. South Korea

113

2. France

649

10. Israel

3. Belgium

557

11. Qatar

4. Saudi Arabia

335

12. Poland

5. Spain

273

13. Czech Republic

6. Austria

212

14. India

7. Netherlands

207

15. Oman

8. Hungary

119

Other Grand Total

Italian Polyethylene Market

47 455 4.028

2012 Polymer Imports by Origin

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Overview of Italian Polyethylene Market Polyethylene 2012 The PE market in Italy jumped higher at the start of the year to follow an upward trend that would last until mid-April. Prices would find their peak for the year in the second week of April. Prices of HDPE far surpassed the peak levels of the previous year though LDPE prices reached a level just slightly under the peak of 2011. A long downward plunge was recorded from mid-April to the start of July for all PE products. However, in July, a swift reversal moved into place and prices surged once again, reaching their next peak in September, though the September peak did not quite match the peak level in April. Prices slid down again, but at a much slower pace compared to earlier in the year, until the end of November. PE prices then moved higher to end the year on a rising trend.

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The month of January made a strong start in the PE market following a long downward trend that had lasted for four months. Speculations about a jump in PE prices that arose prior to the New Year holiday proved right and sellers approached the market with large increase requests. The 40/ton increase in the monthly ethylene contract was the main support pushing prices higher and most PE deals were concluded with 50-80/ton increases over December for spot business and Gentlemen s Agreements. Demand was considered good by many sellers as Italian buyers mostly skipped pre-buying in December

LDPE Film Prices

and delayed their purchases to January while packaging manufacturers also reported regular demand for their business. Sentiment firmed up further in the second half of the month in line with diminishing supplies on the sellers side and successive increases in spot ethylene prices, which rose by more than 200/ton in the course of the month. All of these developments helped sellers renew their confidence that there would be a new round of price hikes for February and thus they closed their January bookings earlier. In January, the EU also decided to ban crude oil imports as well as petroleum and petrochemical products from Iran starting from July 1. Italy was in first place on the list of major importers of Iranian oil in Europe in 2010, followed by Spain and Greece, according to European Commission data. In February, the price hikes that sellers sought on PE exceeded the increase amount on the settlement of the monthly ethylene contract, which was up 99/ton. Low supply levels supported sellers firm stance and their initial increase requests of 100-150/ton passed both for spot done deals and Gentlemen s Agreements. Concerns of tighter availability and a renewed upward trend in March pushed buyers to pre-buy in the second half of the month, resulting in brisk market activity. Hence, some producers announced additional increases of up to 50/ton for the second half of February while others withdrew their offers ahead of March. In the meantime, Polimeri, later to be renamed Versalis, decided to replace its 200,000 tons/year LLDPE unit in Priolo with two separate plants for the production of elastomers and synthetic resins under the investment plans of its parent company Eni for the period 2012-2015.

YOUR LOGO Italian Plastics Industry

Almanac 2012

www.chemorbis.com

Overview of Italian Polyethylene Market

All import prices include customs and antidumping duties. All local prices exclude VAT.

Overview of Italian Polyethylene Market

Sellers continued to seek 110-150/ton price hikes on their PE offers for March. As was the case in February, tight supplies supported sellers to seek larger price hikes than the 86/ton increase of the ethylene contract settlement. Nevertheless, buyers were disappointed with consecutive large price hikes with some even considering shutting their production in the face of sluggish end product markets. As a result of the large price increases that came three months in a row in the PE market, the premium Italy carried over other markets grew and more imports found their way to the country in March. This was also proven by import statistics as HDPE and LLDPE imports were up by 10% month over month, hitting the highest level of the first quarter. Middle Eastern, Iranian and South Korean origins were dealt at relatively competitive prices. Although sellers initial hike targets mostly passed in done deals in the second half of the month, buyers tried to buy as little as they could. They also argued that supply tightness did not create a major problem as demand was not great.

Crude oil fell below $90/bbl in late May while spot ethylene lost 260/ton during the month. Accordingly, monthly decreases of 50-100/ton were reported for spot PE deals while May gentlemen s agreements were closed 40-70/ton lower. The Plast 2012 fair held in Milan in the second week of May and the bearish expectations for June which emerged in the second half of the month kept buyers away from the market. In the meantime, Italy s Emilia-Romagna region was hit by two earthquakes in May, which caused economic damage of over 4 billion. Around 600 industrial companies were directly damaged by the earthquakes. In May, Eurozone manufacturing and services output also shrank at the fastest pace in around three years while confidence in Italy s manufacturing sector decreased by 2.9 points on a monthly basis. As a result of the worsening economy, Ineos Olefins and Polymers announced that it was mulling over selling its 200,000 tons/year HDPE plant in Rosignano, Italy. The company was also considering selling its HDPE plant in Sarralbe, France.

In April, the long upward trend started to falter as resistance grew against continuous PE price

HDPE Film Prices

hike requests, which ranged from 30/ton to 70/ton upon the 40/ton increase in the April ethylene contracts. The availability of various non-European origins including Thai, Iranian, American and Middle Eastern was plentiful in the local spot market and imports continued to be offered at prices close to the low end of the ranges. Apart from fewer working days stemming from the Easter holiday and a national holiday celebrated in April, buyers sluggish end product orders contributed to the faltering sentiment, which forced sellers to step back from their initial hike targets in the second half of the month. Meanwhile, Eurozone manufacturing and service output along with private sector activity posted their largest decreases of the past 5 months. The Italian government also decided in principle to cut 4.2 billion from 2012 s spending account in an attempt to avoid a two percentage point hike in sales taxes, while Italy s industrial output declined 1.9% month on month after rising 0.6% in March, according to data from the national statistics office Istat. All of these data confirmed the weak stance of demand across the country in April. Activity slowed down later in the month due to the holidays and the spot PE market witnessed downward revisions, retreating back to early March levels although April gentlemen s agreements were concluded with 40-50/ton increases.

All import prices include customs and antidumpin g duties. All local prices exclude VAT.

In June, ethylene contracts dropped 120/ton and sellers were reluctant to offer PE right away,

PE Prices

In May, the settlement of the monthly ethylene contract with a 20/ton decrease reinforced the weakening sentiment. Some sellers had to give larger decreases than the size of the drop in the ethylene contract in the spot PE market as the month wore on amid pressure from relentlessly poor demand, competitively priced Middle Eastern cargoes and plunging feedstock markets.

Italian Plastics Industry

Almanac 2012

www.chemorbis.com

ChemOrbis

preferring to meet buyers bids. European LDPE and HDPE were seen in Turkey at a level of 1120/ton while the low end of Italy s PE market started at 12001220/ton.

By the second week, the PE market level broke below the 1200/ton threshold after PE prices dropped 120-140/ton. Supply was comfortable and non-European origins including Serbian, South Korean and Middle Eastern made up the low ends of the price ranges. Buyers were slow to purchase, citing poor end product sales. Even more aggressive offers were made into Turkey as supply built up. The PE market continued to see week over week price declines. Borealis officially announced that it was lowering operating rates at its PP and PE plants to 7075% from May. Done deals on spot materials were reported lower by 180-190/ton and Gentlemen s Agreements were down by 120170/ton. PE prices plunged below the levels where they had started the year after a massive run-up in prices lasting through April. In the first week of July, PE prices hit bottom after offers were made with decreases of 70170/ton following the 170/ton decrease in ethylene contracts. Sellers were aware that prices were reaching bottom and were not rushing to sell. Meanwhile, crude oil and naphtha costs reversed direction and jumped higher. Demand was also reported to be healthy because of the attractive prices. Sellers said they had relieved their stock pressure by the second week of July and raised their offers.

YOUR LOGO Italian Plastics Industry

Almanac 2012

www.chemorbis.com

Overview of Italian Polyethylene Market

Costs were still pushing up the PE market and many buyers continued to make purchases, now worried about higher prices in August. In the middle of the month, Moody s Investors Service downgraded Italy s sovereign rating by two notches because Europe s debt crisis was threatening to reduce market funding to the country. Moody s also said that Italy s short term economic outlook had deteriorated. Nevertheless, the PE market started to bounce back in the second half of the month. Prices continued to firm towards the end of the month and sellers were reportedly not fulfilling buyers full requests for material. A lack of European offers into Turkey affirmed the lower supplies. Gentlemen s Agreements for PE were settled with decreases of 150-160/ton early in the month but smaller decreases of 80-100/ton were reported for deals later in the month.

a peak and many tried to delay purchases until October. Due to resistance from buyers, the high ends of the price ranges came down in the last week of the month.

Demand within Italy also improved in November in line with sellers expectations since they believed buyers stocks were low. Buyers said they were encouraged to purchase more when they saw sellers taking a firm stance on the low end of the price ranges and following the disappearance of competitively priced materials. Some said they did not want to be caught like they were in July when the market turned back up and they were left without materials. By the end of the month, firming talks regarding December led to firmer prices for PE on the low end of the range.

The PE market moved higher in August despite the long summer holidays. Ethylene settled up 130-140/ton for the month and done deals for PE were reported higher by 160-200/ton. Sellers were not rushing to sell in the first half of the month even though most converters would be shutting production in the second half because sellers expected September to be a firm month and supplies were still limited in the region. A lack of offers into Turkey continued to testify to reduced supplies in Europe.

The PE market in November started off stable to softer, but later firmed on sellers growing confidence regarding the December outlook. Initially, ethylene contracts fell 15/ton. Lower prices were seen especially on LDPE and LLDPE, though HDPE was on slightly firmer footing. On a month over month basis, spot deals were reported to have settled with up to 60/ton decreases and Gentlemen s Agreements fell by a similar amount of 50-60/ton, though rollovers were also reported. However, by the second week of the month, sellers were attempting to put an end to the fall at the low end of the price ranges. News at the end of October that Iran was banning exports of PE gave sellers confidence to raise prices in Asia. Though Iran was not a contributor to Italy in 2012, it was a major global supply source and sellers everywhere felt more confident following the ban.

In September, there were at least seven reported PE plant shutdowns, according to ChemOrbis Production News. HDPE and LLDPE in particular were considered to be limited. Ethylene contracts had settled higher by 125/ton and PE offers were up 200/ton. Costs were still rising. The situation attracted imports to Italy. Meanwhile, towards the end of the month, PE buyers felt that prices were once again reaching

Italian Plastics Industry

Almanac 2012

www.chemorbis.com

The softer trend that began at the end of September influenced the October market as prices came down during the month. Ethylene contracts were slightly lower by 10/ton. PE offers were initially made with rollovers to decreases of 10-50/ton depending on the product. Buyers had the upper hand on lower costs and slower demand. Supply was also loosening and European LDPE showed up again in Turkey. Near month s end, LDPE supply was considered comfortable, while HDPE was not as critical as before. Buyers became reluctant to purchase and done deals were reported down by 80-100/ton on a month over month basis.

ChemOrbis

The year 2012 ended like it began, on firm footing. Major price increases were being discussed for January 2013 before the month of December ended. Buyers, however, did not stock up much as prices were not attractive and their end product business was poor.

In December the ethylene contract managed to settle at a rollover, defying the 80/ton drop in spot prices. The PE market started firmly with sellers seeking rollovers to increases between 10-50/ton. HDPE supply continued to be an issue, though no major problems were reported in obtaining material, partly due to poor demand. Buyers complained about their end product businesses, saying end demand was very poor. In fact, during December, Istat reported that Italy s industrial output continued to decline in October by 1.1% and that the country had entered its second year of recession. Consumer confidence also dropped to its lowest level since records began to be kept in 1996, justifying converters comments about poor demand. Nevertheless, done deals for spot material were completed with increases of up to 50/ton compared to November as producers shut their books early. In mid-December, Italy s Versalis reported closing its books following reports that Dow had also closed sales for the month. The market was supported before the Christmas holidays by talk of three digit increases being planned for January.

YOUR LOGO Italian Plastics Industry

Almanac 2012

www.chemorbis.com

Overview of Italian Polyethylene Market

Italy s PE Imports

LDPE

LDPE Imports By Year

YOY Change in LDPE Imports (%)

YOY Change in LDPE Imports

Average LDPE Import Prices (EUR/mton)

Italian Plastics Industry

Almanac 2012

www.chemorbis.com

ChemOrbis

YOUR LOGO Italian Plastics Industry

Almanac 2012

www.chemorbis.com

Overview of Italian Polyethylene Market

ItalyÂ&#x2019;s PE Imports

LDPE Imports By Country 2001 - 2012

Top 20 (1000 mton)

2012 LDPE Monthly Imports

Belgium France Netherlands Germany Austria

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

102

106

125

117

123

143

128

133

113

1,108

947

898

445

401

371

Israel

337

126

109

108

Slovakia

106

Hungary

101

Denmark

Sweden

Romania

Czech Republic

Switzerland

Slovenia

273

636

554

533

671

618

626

570

505

533

563

490

6.917

2011 2012

Grand Total

Period

No of exporting countries

www.chemorbis.com

109

Other

Almanac 2012

1,137

Qatar

Italian Plastics Industry

Turkey

Croatia

Serbia

ChemOrbis

Grand Total

Spain

United Kingdom

2012 Monthly Average LDPE Import Prices (EUR/mton)

2011 2012

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

YOUR LOGO Italian Plastics Industry

Almanac 2012

www.chemorbis.com

Overview of Italian Polyethylene Market

ItalyÂ&#x2019;s PE Imports 2012

HDPE

Top 10

Qty (1000 mton)

1. Belgium

7. Turkey

2. France

8. Sweden

3. Germany

9. Austria

4. Netherlands

10. United Kingdom

5. Israel

Other

6. Spain

24 Grand Total

HDPE Imports By Year

490

2012 LDPE Imports By Origin

YOY Change in HDPE Imports

Italian Plastics Industry

Almanac 2012

www.chemorbis.com

ChemOrbis

YOUR LOGO Italian Plastics Industry

Almanac 2012

www.chemorbis.com

Overview of Italian Polyethylene Market

Italy s PE Imports

YOY Change in HDPE Imports (%)

2012 Monthly HDPE Imports

Average HDPE Import Prices (EUR/mton)

2012 Monthly Average HDPE Import Prices (EUR/mton)

Italian Plastics Industry

Almanac 2012

www.chemorbis.com

ChemOrbis

YOUR LOGO Italian Plastics Industry

Almanac 2012

www.chemorbis.com

Overview of Italian Polyethylene Market

HDPE Imports By Country 2001 - 2012

Top 20 (1000 mton)

2012

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Grand Total

Belgium

114

157

178

172

156

130

119

110

120

113

1,551

Germany

112

137

143

120

123

110

119

115

1,257

Saudi Arabia

100

111

1,024

France

642

Hungary

516

Netherlands

381

Austria

316

213

187

181

162

152

117

Qatar Sweden Poland United Kingdom Spain Denmark Egypt

Serbia 2

Czech Republic

Portugal

389

544

605

582

641

644

686

756

623

596

642

667

639

7.625

2011 2012

Grand Total

Kuwait Other Grand Total

Period

No of exporting countries

Italian Plastics Industry

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Almanac 2012

www.chemorbis.com

Top 10

Qty (1000 mton)

1. Germany

115

7. France

2. Belgium

113

8. Netherlands

3. Saudi Arabia

9. Poland

4. Hungary

10. Sweden

5. Austria

Other

6. Qatar

51 Grand Total

132

Brazil USA

2011 2012

639

2012 HDPE Imports By Origin

ChemOrbis

YOUR LOGO Italian Plastics Industry

Almanac 2012

www.chemorbis.com

Overview of Italian Polyethylene Market

Italy s PE Imports

LLDPE

LLDPE Imports By Year

YOY Change in LLDPE Imports (%)

YOY Change in LLDPE Imports

Average LLDPE Import Prices (EUR/mton)

Italian Plastics Industry

Almanac 2012

www.chemorbis.com

ChemOrbis

YOUR LOGO Italian Plastics Industry

Almanac 2012

www.chemorbis.com

Overview of Italian Polyethylene Market

ItalyÂ&#x2019;s PE Imports

LLDPE Imports By Country 2001 - 2012

Top 20 (1000 mton)

2012 Monthly LLDPE Imports

France

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

793

580

490

Germany

363

Netherlands

185

101

United Kingdom

Spain

Qatar Sweden

Libya

Israel

Bulgaria

South Korea

Hungary

Iran Other Grand Total

Period

No of exporting countries

www.chemorbis.com

148

Denmark

Almanac 2012

107

USA

Italian Plastics Industry

Kuwait

108

Saudi Arabia

Brazil

ChemOrbis

Grand Total

Belgium

Austria

2012 Monthly Average LLDPE Import Prices (EUR/mton)

2011 2012

0 0

120

100

133

129

225

304

354

420

378

313

372

290

226

3.245

2011 2012

Grand Total

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

YOUR LOGO Italian Plastics Industry

Almanac 2012

www.chemorbis.com

Overview of Italian Polyethylene Market

ChemOrbis Italy Local Spot Price Index - LDPE Film FD North Italy (EUR/mton)

2012

Prices exclude VAT which is 21% for Italy

Top 10

Qty (1000 mton)

1. Saudi Arabia

7. Netherlands

2. Belgium

8. Austria

3. France

9. South Korea

4. Germany

10. Kuwait

5. Qatar

Other

6. Spain

10 Grand Total

21 226

2012 LLDPE Imports By Origin

Italian Plastics Industry

Almanac 2012

www.chemorbis.com

ChemOrbis

Year-Week 12-52 (24/12) 12-51 (17/12) 12-50 (10/12) 12-49 (03/12) 12-48 (26/11) 12-47 (19/11) 12-46 (12/11) 12-45 (05/11) 12-44 (29/10) 12-43 (22/10) 12-42 (15/10) 12-41 (08/10) 12-40 (01/10) 12-39 (24/09) 12-38 (17/09) 12-37 (10/09) 12-36 (03/09) 12-35 (27/08) 12-32 (06/08) 12-31 (30/07) 12-30 (23/07) 12-29 (16/07) 12-28 (09/07) 12-27 (02/07) 12-26 (25/06) 12-25 (18/06) 12-24 (11/06) 12-23 (04/06) 12-22 (28/05) 12-21 (21/05) 12-20 (14/05) 12-19 (07/05) 12-18 (30/04) 12-17 (23/04) 12-16 (16/04) 12-15 (09/04) 12-14 (02/04) 12-13 (26/03) 12-12 (19/03) 12-11 (12/03) 12-10 (05/03) 12-09 (27/02) 12-08 (20/02) 12-07 (13/02) 12-06 (06/02) 12-05 (30/01) 12-04 (23/01) 12-03 (16/01) 12-02 (09/01) 12-01 (02/01) 11-51 (19/12) 11-50 (12/12) 11-49 (05/12)

High

Average

Low

1,450 1,430 1,430 1,390 1,380 1,390 1,390 1,440 1,470 1,470 1,490 1,520 1,520 1,550 1,550 1,550 1,360 1,320 1,320 1,230 1,230 1,200 1,120 1,250 1,250 1,300 1,330 1,360 1,450 1,500 1,500 1,490 1,550 1,560 1,600 1,570 1,530 1,550 1,550 1,530 1,500 1,450 1,440 1,400 1,360 1,320 1,280 1,280 1,210 1,210 1,210 1,230

1,365 1,364 1,359 1,340 1,325 1,333 1,326 1,324 1,348 1,382 1,400 1,451 1,446 1,480 1,482 1,469 1,317 1,288 1,270 1,191 1,148 1,116 1,050 1,165 1,186 1,220 1,239 1,292 1,363 1,414 1,445 1,443 1,474 1,481 1,533 1,502 1,466 1,458 1,476 1,463 1,434 1,395 1,367 1,337 1,303 1,254 1,222 1,207 1,203 1,156 1,144 1,168

1,320 1,320 1,280 1,270 1,260 1,245 1,245 1,250 1,250 1,320 1,320 1,350 1,400 1,400 1,400 1,400 1,260 1,250 1,200 1,120 1,080 1,050 1,000 1,100 1,130 1,150 1,180 1,220 1,270 1,340 1,380 1,400 1,390 1,400 1,450 1,450 1,420 1,420 1,420 1,380 1,400 1,347 1,300 1,300 1,220 1,200 1,150 1,150 1,200 1,100 1,100 1,120

YOUR LOGO Italian Plastics Industry

Almanac 2012

www.chemorbis.com

Overview of Italian Polyethylene Market

ChemOrbis Italy Local GA Price Index - LDPE Film

ChemOrbis Italy Local Spot Price Index - HDPE Film & B/M

FD North Italy (EUR/mton)

Prices exclude VAT which is 21% for Italy

Prices exclude VAT which is 21% for Italy Year-Week 12-52 (24/12) 12-51 (17/12) 12-50 (10/12) 12-49 (03/12) 12-48 (26/11) 12-47 (19/11) 12-46 (12/11) 12-45 (05/11) 12-44 (29/10) 12-43 (22/10) 12-42 (15/10) 12-41 (08/10) 12-40 (01/10) 12-39 (24/09) 12-38 (17/09) 12-37 (10/09) 12-36 (03/09) 12-35 (27/08) 12-32 (06/08) 12-31 (30/07) 12-30 (23/07) 12-29 (16/07) 12-28 (09/07) 12-27 (02/07) 12-26 (25/06) 12-25 (18/06) 12-24 (11/06) 12-23 (04/06) 12-22 (28/05) 12-21 (21/05) 12-20 (14/05) 12-19 (07/05) 12-18 (30/04) 12-17 (23/04) 12-16 (16/04) 12-15 (09/04) 12-14 (02/04) 12-13 (26/03) 12-12 (19/03) 12-11 (12/03) 12-10 (05/03) 12-09 (27/02) 12-08 (20/02) 12-07 (13/02) 12-06 (06/02) 12-05 (30/01) 12-04 (23/01) 12-03 (16/01) 12-02 (09/01) 12-01 (02/01) 11-51 (19/12) 11-50 (12/12) 11-49 (05/12)

Italian Plastics Industry

Almanac 2012

www.chemorbis.com

ChemOrbis

High

Average

Low

1,430 1,430 1,430 1,380 1,370 1,400 1,400 1,410 1,410 1,450 1,470 1,530 1,530 1,530 1,530 1,500 1,330 1,330 1,350 1,260 1,260 1,190 1,150 1,270 1,270 1,270 1,320 1,400 1,440 1,450 1,500 1,500 1,520 1,550 1,550 1,550 1,480 1,520 1,520 1,500 1,450 1,450 1,400 1,420 1,420 1,240 1,280 1,270

1,363 1,363 1,350 1,333 1,336 1,346 1,353 1,353 1,385 1,393 1,388 1,438 1,454 1,461 1,457 1,438 1,296 1,264 1,253 1,182 1,155 1,101 1,070 1,194 1,196 1,226 1,258 1,320 1,360 1,394 1,436 1,441 1,463 1,471 1,502 1,501 1,446 1,461 1,463 1,475 1,411 1,370 1,324 1,321 1,333 1,214 1,220 1,228

1,300 1,320 1,300 1,300 1,300 1,300 1,300 1,300 1,320 1,340 1,340 1,360 1,380 1,400 1,400 1,350 1,230 1,220 1,150 1,100 1,050 1,020 980 1,140 1,120 1,150 1,150 1,200 1,290 1,300 1,400 1,400 1,400 1,400 1,408 1,450 1,400 1,400 1,400 1,400 1,390 1,300 1,240 1,240 1,180 1,200 1,200 1,150

1,230 1,230 1,230

1,156 1,134 1,157

1,080 1,080 1,080

YOUR LOGO Italian Plastics Industry

Almanac 2012

www.chemorbis.com

Overview of Italian Polyethylene Market

ChemOrbis Italy Local GA Price Index - HDPE Film & B/M

ChemOrbis Italy Local GA Price Index - LLDPE Film

FD North Italy (EUR/mton)

Prices exclude VAT which is 21% for Italy

Italian Plastics Industry

Almanac 2012

www.chemorbis.com

Prices exclude VAT which is 21% for Italy

ChemOrbis

YOUR LOGO Italian Plastics Industry

Almanac 2012

www.chemorbis.com

Overview of Italian Polyethylene Market

ChemOrbis Italy Local Price Index - HDPE Blow Mold.

ChemOrbis Italy Local Price Index - HDPE Film

FD North Italy (EUR/mton)

FD Italy (USD/mton)

Italian Plastics Industry

Prices exclude VAT which is 21% for Italy

High

Average

Low

1,430 1,430 1,430 1,380 1,370 1,400 1,400 1,400 1,410 1,450 1,470 1,470 1,500 1,500 1,500 1,500 1,330 1,300 1,300 1,260 1,260 1,190 1,150 1,270 1,270 1,270 1,320 1,400 1,380 1,430 1,500 1,500 1,520 1,550 1,550 1,550 1,480 1,520 1,520 1,500 1,450 1,450 1,400 1,420 1,420 1,210 1,260 1,250

1,388 1,365 1,355 1,328 1,337 1,349 1,366 1,370 1,390 1,403 1,385 1,420 1,431 1,435 1,451 1,451 1,285 1,256 1,251 1,196 1,177 1,100 1,115 1,226 1,240 1,245 1,292 1,304 1,380 1,374 1,444 1,458 1,472 1,486 1,493 1,503 1,465 1,493 1,486 1,468 1,408 1,383 1,320 1,318 1,370 1,205 1,213 1,235

1,350 1,320 1,300 1,300 1,300 1,300 1,350 1,350 1,370 1,360 1,350 1,360 1,380 1,400 1,400 1,400 1,240 1,220 1,220 1,140 1,090 1,020 1,060 1,200 1,220 1,220 1,270 1,200 1,380 1,300 1,400 1,430 1,430 1,430 1,408 1,460 1,450 1,460 1,460 1,400 1,390 1,300 1,240 1,240 1,320 1,200 1,200 1,220

1,230 1,230 1,230

1,197 1,205 1,192

1,170 1,180 1,180

Almanac 2012

www.chemorbis.com

ChemOrbis

High

Average

Low

1,380 1,400 1,400 1,360 1,370 1,390 1,390 1,410 1,410 1,450 1,450 1,530 1,530 1,530 1,530 1,500 1,330 1,330 1,350 1,240 1,240 1,170 1,100 1,230 1,260 1,250 1,320 1,400 1,440 1,450 1,450 1,440 1,500 1,500 1,550 1,550 1,470 1,520 1,500 1,500 1,430 1,370 1,400 1,400 1,410 1,240 1,280 1,270

1,341 1,362 1,346 1,340 1,336 1,344 1,350 1,346 1,381 1,390 1,390 1,457 1,487 1,475 1,463 1,426 1,302 1,330 1,256 1,175 1,130 1,106 1,034 1,178 1,192 1,205 1,243 1,400 1,357 1,420 1,428 1,424 1,450 1,456 1,508 1,500 1,437 1,452 1,451 1,482 1,430 1,343 1,333 1,325 1,296 1,220 1,233 1,226

1,300 1,330 1,320 1,320 1,300 1,300 1,300 1,300 1,320 1,340 1,340 1,400 1,420 1,430 1,400 1,350 1,230 1,330 1,150 1,100 1,050 1,070 980 1,140 1,120 1,150 1,150 1,400 1,290 1,400 1,400 1,400 1,400 1,400 1,450 1,450 1,400 1,400 1,400 1,450 1,430 1,300 1,300 1,280 1,180 1,200 1,200 1,150

1,180 1,180 1,180

1,132 1,120 1,142

1,080 1,080 1,080

YOUR LOGO Italian Plastics Industry

Almanac 2012

www.chemorbis.com

Overview of Italian Polyethylene Market

ChemOrbis Italy Price Index Introduction

ChemOrbis brings clarity and reality to polymer pricing. Our goal is to continuously provide the most up-to-date and accurate reports of prices available in the market so that our members can make appropriate and profitable trading decisions. The launching of a new Index will go a long way towards bringing clarity to the market and will be an important tool for our members both in trading decisions as well as for our members contract business, whether it is between buyers and sellers in the polymer market or between converters and their end customers. Prices are always from first hand sources directly involved in the reported transaction, meaning heard information is never included in the Price Index range. Prices are taken each week from a wide range of sources on both the buy and sell side of polymer transactions. ChemOrbis does not believe in editing, amending or in any way making up price ranges based on its own judgment. However, all reported prices are put through rigorous analytical tests, including netback and cost analysis, before the decision is made to include them in the Price Index. The ChemOrbis system is also unique in that the collection and reporting of market information is done by an extensive local team located within each country covered, while the creation of Market Intelligence is done by an independent team which performs quality assurance. This process helps minimize bias and leads to true objectivity. Kimberley Yasa Director of Market Intelligence

Italy Spot Price Index Methodology

The Italy Spot Price Index refers only to spot transactions, meaning transactions in which the parties are not obligated to buy or sell from each other. The Spot Price Index represents the range of actual, real prices available in the market from all sources within a particular week. Prices represent first person reports from reliable sources; meaning they are given or received directly by the source providing the information. Heard or rumored prices are not included in the ranges. Price ranges include offers given, offers received and done deals. Only in the event that there are no offers given or received and no done deals completed in a particular week, then the range will be composed of the prevailing buy and sell ideas. All prices are ensured for accuracy through cross checking on the buy-sell side and using technical assessment tools. The price range contains all reported origins for the week. The week over week origins may change depending on the market conditions. Prices included in the range are for locally held materials which are promptly available. The week number refers to the actual date of the transaction, not the date the price is reported to ChemOrbis. The Italy Spot Price Index is published every Friday and refers to the current week s price range. However, the data is permanently locked only through the prior week, while the current week is subject to change until the next publishing date, at which time it will become locked. The Italy Spot Price Index is never changed following publication without clear, written notice to all of our subscribers. By policy, historical data is locked and editing is restricted once the Index figure has been published. The plastic raw materials and grades which are presented in the Spot Price Index reflect the commodity products. ChemOrbis reserves the right to reject prices which are deemed unusual, available only with specific conditions which are not repeatable for all players or are considered too far outside the range of prices. The minimum cargo size is 20 metric tons. The Italy Spot Price Index and its associated database will be maintained and archived on the website to allow users to reference historical Index figures.

Spot Price Index Specifications

In Italy, the following products and grades are used for the Spot Price Index: Homo-Polypropylene - Injection (melt flow rate (MI) of 3-30) Poly Vinyl Chloride - K67-68 - K70 Low Density Polyethylene - Film High Density Polyethylene - Film + Blow Moulding*

Italian Plastics Industry

Almanac 2012

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General Purpose Polystyrene - Extrusion High Impact Polystyrene - Extrusion *Blow moulding does not refer to grades used for pipe applications

Definitions of Categories

Local All reported local prices are adjusted to FD North Italy, 60/90 days deferred payment. Prices include customs duties and also include clearing and handling costs if applicable. Prices exclude the VAT. Prices are for promptly available materials. The range may also include the local producer s material which is offered directly from the producer or in the resale market.

I t a l y G e n t l e m e n s A g re e m e n t s I n d e x Methodology

Italian Polypropylene Market

The Italy Gentlemen s Agreements (GA) or Volume Agreements (VA) Index refers to the monthly agreements made by converters with the main European producers based on a negotiable price which may be fixed in the middle or the end of the month. Settled prices are negotiated between the parties based on changes in monomer costs and the performance of supply and demand. Settlements reported at various times of the month may be affected by the changing market conditions within the month. This special agreement allows buyers to receive a bonus discount at the end of the year based on previous estimates of the volumes to be purchased. The Italy Gentlemen s Agreements Index is based solely on concluded agreements for the month as reported by the buyers and sellers. It does not include offers received or given nor sell or buy ideas. The Italy Gentlemen s Agreements Index is quoted on a monthly basis according to settlements reported throughout the month. This results in a range of prices, as the prices are negotiable, they may change during the course of a month. Prices represent first person reports from reliable sources; meaning they are given or received directly by the source providing the information. Heard or rumored prices are not included in the ranges. All prices are ensured for accuracy through cross checking on the buy-sell side and using technical assessment tools. The Italy Gentlemen s Agreements Index is published after the first week of the following month for which it is applicable. The Italy Gentlemen s Agreements Index is never changed following publication without clear, written notice to all of our subscribers. By policy, historical data is locked and editing is restricted once the Index figure has been published. ChemOrbis reserves the right to reject prices which are deemed unusual, available only with specific conditions which are not repeatable for all players or are considered too far outside the range of prices. The minimum cargo size is 20 metric tons. The Italy Gentlemen s Agreements Index and its associated database will be maintained and archived on the website to allow users to reference historical Index figures.

I t a l y G e n t l e m e n s A g re e m e n t s I n d e x Specifications In Italy, the following products and grades are used for the Gentlemen s Agreements Index: Block Copolymer Polypropylene - Injection Poly Vinyl Chloride - K64-65, k58 and k70 - K67-68 Low Density Polyethylene - Film High Density Polyethylene - Film + Blow Moulding* Linear Low Density Polyethylene - Film General Purpose Polystyrene - Extrusion High Impact Polystyrene - Extrusion *Blow moulding does not refer to grades used for pipe applications

Product Sponsor Gazechim Plastics Italia

Disclaimer Price Analysis Disclaimer: Reports are as reported by member companies, reports are not generated from the system. We believe the reports to be true but do not guarantee their accuracy nor does ChemOrbis accept responsibility for decisions made based on these reports. Please contact us for further questions.

ChemOrbis

Italian Plastics Industry

Almanac 2012

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Overview of Italian Polypropylene Market

Overview of Italian Polypropylene Market Polipropilene 2012

Italy s PP market was off to a running start in the beginning of 2012 following a decreasing trend that had been in place since May of 2011. Rising feedstock costs and tighter supplies helped propel the market upwards throughout the first quarter. Prices reached their peak for the year in April, but did not reach the peak levels seen in the previous year. Following the peak, prices plunged month over month to reach a year-low in the first week of July. In July, prices reversed direction to move upwards until mid-September. The reversal was helped by higher costs as well as deliberate cutbacks on the producers side. After mid-September, an overall decreasing price trend moved into place, supported by buyers resistance to rising prices. Rising trends in the global market combined with reductions in supply within Europe helped turn the market back up in December.

All import prices include customs and antidumping duties. All local prices exclude VAT.

In January, Italy s PP market turned up on the back of higher feedstock costs following a round of decreases which were passed in the last few months of 2011. The propylene contracts in Europe rose by 20/ton for January and became the main reason for the firming sentiment of the

Prezzi PP-omo e PP-copo

market. In addition to costs, sellers expectations of seeing better demand after the New Year holidays also pushed polymer producers to seek price hikes. Initial sell ideas for PP came with 20/ton increases, but with costs continuing to surge, sellers soon came with much larger price hike targets of 40-100/ton. Early in the month, increases of 40-70/ton were pushed through, but these moderated to around 4050/ton later on. Before the month ended, February propylene contracts settled 90/ton higher, which caused buyers to rush back to the market for January cargoes. Sellers, however, mostly stepped back to wait for higher PP prices. Amidst the bullish trend in the PP market, several eurozone nations credit ratings were being downgraded by S&P. Italy, in fact, was downgraded by two levels. At the same time, Italy learned of Europe s decision to ban crude oil and petrochemical imports from Iran starting from July 1. Italy, along with Spain and Greece, had been the largest importers of Iranian oil in Europe. The month of February saw another round of price hikes on PP which once again exceeded the size of the increase seen on the propylene contract. Propylene contracts had been settled with a 90/ton increase for the month, but PP sellers came to the market with increases of 100-140/ton. Tight supplies of PP and the continuous upward trend of spot propylene prices forced converters to pay these increases and deals were closed at the initial price hike targets. Buyers commented that they were ready to import materials to deal with the situation. During the month of February, much as was the case in January, Saudi Arabia was the top supplier to the country.

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Almanac 2012

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Overview of Italian Polypropylene Market

Near month s end, offers for non-European origins, which had made up the low end of the local price range, faded and the low end jumped higher by 50/ton. Sellers in general were trying to add on price increases before the month ended as the outlook for March was also bullish and buyers were stocking up.

The Plast 2012 Fair in Milan kept many buyers sidelined since they wanted to wait and see the market afterwards. Sellers began to feel under pressure, especially when it was clear that June would move even lower and many traders started destocking. Done deals moved down by as much as 80-170/ton. Gentlemen s Agreements were down 55-70/ton.

Spot propylene followed a volatile trend as it jumped higher in the middle of the month, but then fell again in the last week of June to end the month below where it had begun. Gentlemen s Agreements for PP were reportedly settled by month s end with decreases of 130150/ton.

In June, significant price decreases were granted right when the month opened, with offers for European materials down 100125/ton and non-European origins down 150/ton. At the same time, an import offer was made to Italy from India that was 70/ton below the lowest local price. This was due to the fact that while Italy was slow in June, supplies were comfortable and falling spot propylene costs were weighing down on the market. In the first week of the month, PP prices were also coming down in China, freeing up global supply to look for other outlets. This was not helpful to European producers, who had to contend with ample regional supply. It was reported that the Eurozone s industrial production had fallen for a second month by 0.8% m-o-m in June and output was down by 2.3% y-o-y, led by Germany. Italy was also suffering with its industrial production down 1.9% in April. The earthquakes in the Emilia-Romagna region in May caused some businesses to suspend operations, including some in the automotive sector. Borealis officially announced that it was cutting operating rates to 73-75% and other producers were believed to also be cutting back. By the middle of the month, the European market level had moved low enough to ward off imports and European producers were relieving their stock pressure by selling to Turkey and Egypt.

The PP market reached bottom in the first week of July, falling under the 1000/ton threshold.

On the back of upward pressure from propylene contracts, which settled higher by 90/ton, as well as strong naphtha and crude oil costs, which were lifted by the improving global oil demand, Italy s local PP market moved upwards for the third consecutive month in March. The price hikes of 120-140/ton being sought by sellers slowed down demand as many buyers moved to the sidelines in the face of high prices. Producers blamed tight supplies for the larger increases on PP relative to the increase on propylene. Demand picked up by mid-month when it became apparent that April would also be a strong month. Increases of 80-120/ton were reported on spot deals and Gentlemen s Agreements were settled higher by 70-130/ton. In April, consumer spending dropped for the fourth consecutive month while industrial orders declined for the seventh consecutive month in Italy. Moreover, the PP market opened the month with offers up 30-70/ton after propylene settled higher by 50/ton. The new price increases and the Easter holiday resulted in slower market conditions. Until the second half of the month, offers close to the high end of the spot market did not see any buying interest and eventually moved lower. Buyers believed that supplies were loosening in the region and they were not rushing to purchase while waiting for a correction in the market level. Deals were

Italian Plastics Industry

Almanac 2012

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concluded earlier in the month with 30-50/ton increases but the market level moved down at month s end. Gentlemen s Agreements were reported 30-50/ton higher in line with propylene. During April, one of the biggest petrochemical companies in Europe, Italy s Polimeri Europa, changed its name to Versalis. The company, operating six steam crackers in Italy with a combined capacity of 2 million tons/year, was aiming to overcome geographical restrictions present in the Polimeri Europa name. While Eurozone manufacturing and output shrank at the fastest pace in three years in May, Italy, the third largest economy in the region, was undergoing deep reforms to reduce public debt. Apart from the recession, two earthquakes hit the Emilia-Romagna region of Italy causing over 4 billion in damage. Earthquakes directly damaged around 600 industrial companies. Propylene contracts settled lower by 15/ton and PP offers moved down by 30/ton with European origins moving towards the low end of the price ranges. Indeed, European PP was offered into Turkey at a price just 30/ton above the May propylene contract and eventually fell to a price even below the propylene price.

ChemOrbis

Propylene contracts for the month settled with decreases of 170/ton and spot PP prices came down by as much as 180/ton the first week. Following this downward movement, Italy fell for the first time that year to below the local and import market level in Turkey, putting it at a discount compared to other Mediterranean countries. However, there was a dramatic turnaround in the second half of the month. Energy prices jumped and so did prices in Asia. Sellers took their cue to stop the decreasing trend and began issuing price hikes of 30-150/ton. Supply began to be described as limited as a result of good demand in the first half of the month as buyers took advantage of the lower prices and cutbacks from regional producers began to be felt. The PP market level moved higher by 140-180/ton at month s end, reversing the losses seen in the first week of the month. Prices under the threshold of 1100/ton were not seen in the last week of July.

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Almanac 2012

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Overview of Italian Polypropylene Market

In August it was reported that Italy s recession was deepening as the Italian economy contracted for the fourth quarter in a row in the second quarter of 2012, contracting by 0.7% from the first quarter. Italy s economy shrank by 2.5% when compared to the same period of 2011, which was the steepest y-o-y contraction since the last quarter of 2009. However, this bad news could not keep the PP market down. Propylene contracts settled the month higher by 130/ton. European producers continued to report feeling no stock pressure. Production cutbacks apparently helped relieve stock pressure as did the weak euro during the summer months, which was low enough to impede imports and allow for exports out of the region. Spot PP deals were up by 130-180/ton month over month. A buyer reported settling Gentlemen s Agreements with 130/ton increases in line with propylene.

However, it was noted in the second week of the month that Saudi Arabian offers were no longer very competitive after Saudi producers raised their prices to China. Plus, Saudi Polymers announced it was shutting its new complex for a month. Indeed, Saudi offers into Turkey were higher than the low end of Italy s local market. After mid-month, low end prices below the threshold of 1200/ton began to fade away. More buyers were in the market to replenish stocks as prices stabilized and producers reported less stock pressure. Due to the disappearance of prices at the low end of the range, the average homo-PP price was up 11/ton from the start of the month, though PPBC prices were nearly unchanged.

September propylene contracts settled higher by 105/ton, prompting producers to come with increases of 100-130/ton on their PP offers. This time, buyers resisted by postponing purchases, citing economic difficulties which did not justify the constant upward trend in PP prices. Many buyers used their previously purchased stocks and tried to hold out for October, assuming they would see softer prices by that month. Many buyers also purchased the more attractive Saudi Arabian cargoes that showed up below the low end of the local market level. Imports of Saudi homo-PP reached 20,000 tons in September, which was up from 11,000 tons in August. Buyers were successful to some extent as prices faltered during the month and by the end of September, the low end of the price range for homo-PP had

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Almanac 2012

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fallen slightly below the threshold set earlier in the month at 1300/ton. However, average spot homo-PP prices were up 90/ton and PPBC prices were up 77/ton at the end of the month compared to the end of August. The bearish trend witnessed at the end of September impacted the month of October. Propylene contract settlements, which fell by 20/ton from September, reinforced buyers expectations about receiving lower prices during this month. Buyers remained reluctant to purchase until the last moment, expecting lower prices as the month wore on and they were rewarded for their patience as prices softened later in the month. Stocks were believed to have been building again on the producers side because of the previous weeks of slow demand. A South European offer into Turkey that was 40/ton below the low end of Italy s local market testified to stock pressure on the sellers side. By month s end, the imbalanced supply-demand situation led to homo-PP and PPBC prices dropping by 90-100/ton on average compared to the start of the month. Gentlemen s Agreements were reported down 30-50/ton. In November, it was reported that the Eurozone economy had slipped back into recession after the economy continued to shrink in the third quarter by 0.1%. Italy s economy contracted by 0.2% in the third quarter. Nevertheless, PP producers managed to put a halt to the decreasing trend in the middle of the month. Initial PP deals in the first half were settled with decreases of 20-80/ton compared to October.

ChemOrbis

The year 2012 ended on an increasing trend in the PP market. The movement was in line with the global trend at year s end. Overall, prices did not manage to reach the peaks seen earlier in the year nor did they reach the peaks seen in 2011, but the market level did end 2012 at a much higher level than it had ended in 2011.

The month of December began with divergent price trends. Sellers at the high end of the price ranges offered rollovers to decreases. Those on the low ends raised prices by up to 40/ton. Propylene contracts had settled down 17/ton compared to November. Overall price ranges were up 30/ton on the low end and down 20/ton on the high ends in the first week for both homo-PP and PPBC. Buyers admitted to paying up to 30/ton increases on their spot deals. Supply was reported to be dwindling and one South European producer admitted running at 50% of capacity. South European PP offered into Turkey testified to tighter availability as prices were above the low end of Italy s local level and were putting upward pressure on prices in Italy. Around mid-month, sellers began asking for price increases on requests for additional cargoes. The month was shortened by holidays, but the average prices of homo-PP and PPBC were up around 15/ton compared to the start of the month.

Italian Plastics Industry

Almanac 2012

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Overview of Italian Polypropylene Market

ItalyÂ&#x2019;s PP Imports

PP-Homo

PP-Homo Imports by Year

YOY Change in PP-Homo Imports (%)

YOY Change in PP-Homo Imports

Average PP-Homo Import Prices (EUR/mton)

Italian Plastics Industry

Almanac 2012

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Italian Plastics Industry

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Overview of Italian Polypropylene Market

ItalyÂ&#x2019;s PP Imports

PP-Homo Imports By Country 2001 - 2012

Top 20 (1000 mton)

2012 PP-Homo Monthly Imports

Germany

177

138

156

Belgium

228

245

225

221

217

France

174

176

193

164

155

Spain

Saudi Arabia

Austria

117

Greece

Israel

Slovakia

215

232

181

193

103

116

121

182

200

171

151

133

113

208

185

2,259

112

116

2,078

122

105

1,927

110

825

187

196

666

617

355

327

306

269

262

Czech Republic

203

163

122

114

Poland

USA

South Africa

Romania

Brazil

Other

201

916

891

859

874

881

941

989

812

845

No of exporting countries

ChemOrbis

182

Period

www.chemorbis.com

183

Grand Total

Almanac 2012

189

United Kingdom

Italian Plastics Industry

191

Grand Total

Hungary

India

205

2011 2012

Netherlands

Denmark

2012 Monthly Average PP Import Prices (EUR/mton)

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

981 1.022

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Italian Plastics Industry

Almanac 2012

989 10.998

2011 2012

Grand Total

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Overview of Italian Polypropylene Market

ItalyÂ&#x2019;s PP Imports 2012

PP-copo

Top 10

Qty (1000 mton)

1. Saudi Arabia

196

7. Austria

2. Germany

185

8. India

3. Belgium

116

9. Greece

4. Spain

110

10. Hungary

5. France

105

Other

6. Israel

PP-Copo Imports by Year

116

47 Grand Total

989

2012 PP-Homo Imports By Origin

YOY Change in PP-Copo Imports

Italian Plastics Industry

Almanac 2012

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Italian Plastics Industry

Almanac 2012

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Overview of Italian Polypropylene Market

ItalyÂ&#x2019;s PP Imports

YOY Change in PP-Copo Imports (%)

2012 PP-Copo Monthly Imports

Average PP-Copo Import Prices (EUR/mton)

2012 Monthly Average PP-Copo Import Prices (EUR/mton)

Italian Plastics Industry

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Italian Plastics Industry

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Overview of Italian Polypropylene Market

PP-Copo Imports By Country 2001 - 2012

Top 20 (1000 mton)

2012

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Grand Total

Belgium

130

149

126

137

115

102

114

109

102

1,343

Germany

105

108

1,042

France

632

Austria

536

Netherlands

413

Spain

182

Denmark

152

Hungary

147

Slovakia

143

Poland

Finland

Israel

Sweden

Czech Republic

United Kingdom

Brazil

Saudi Arabia India South Korea

South Africa

Other

333

272

278

402

400

469

512

451

427

444

437

394

4.820

2011 2012

Grand Total

Period

No of exporting countries

2011 2012

Italian Plastics Industry

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Almanac 2012

www.chemorbis.com

Top 10

Qty (1000 mton)

1. Germany

750

7. Netherlands

207

2. France

649

8. Hungary

119

3. Belgium

557

9. South Korea

113

4. Saudi Arabia

335

10. Israel

5. Spain

273

Other

6. Austria

212

727

Grand Total

4.028

2012 PPBC Imports By Origin

ChemOrbis

Italian Plastics Industry

Almanac 2012

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Overview of Italian Polypropylene Market

ChemOrbis Italy Local Spot Price Index - PPH Inj.

ChemOrbis Italy Local Spot Price Index Â&#x2013;'96 PPBC Inj.

FD North Italy (EUR/mton)

Prices exclude VAT which is 21% for Italy Year-Week 12-51 (17/12) 12-50 (10/12) 12-49 (03/12) 12-48 (26/11) 12-47 (19/11) 12-46 (12/11) 12-45 (05/11) 12-44 (29/10) 12-43 (22/10) 12-42 (15/10) 12-41 (08/10) 12-40 (01/10) 12-39 (24/09) 12-38 (17/09) 12-37 (10/09) 12-36 (03/09) 12-35 (27/08) 12-32 (06/08) 12-31 (30/07) 12-30 (23/07) 12-29 (16/07) 12-28 (09/07) 12-27 (02/07) 12-26 (25/06) 12-25 (18/06) 12-24 (11/06) 12-23 (04/06) 12-22 (28/05) 12-21 (21/05) 12-20 (14/05) 12-19 (07/05) 12-18 (30/04) 12-17 (23/04) 12-16 (16/04) 12-15 (09/04) 12-14 (02/04) 12-13 (26/03) 12-12 (19/03) 12-11 (12/03) 12-10 (05/03) 12-09 (27/02) 12-08 (20/02) 12-07 (13/02) 12-06 (06/02) 12-05 (30/01) 12-04 (23/01) 12-03 (16/01) 12-02 (09/01) 12-01 (02/01) 11-51 (19/12) 11-50 (12/12) 11-49 (05/12)

Italian Plastics Industry

High 1,320 1,320 1,320 1,320 1,320 1,320 1,330 1,340 1,360 1,370 1,400 1,400 1,450 1,450 1,450 1,450 1,350 1,350 1,280 1,200 1,200 1,160 1,120 1,220 1,250 1,250 1,290 1,300 1,380 1,430 1,430 1,470 1,492 1,500 1,500 1,530 1,460 1,460 1,470 1,470 1,450 1,350 1,350 1,350 1,340 1,250 1,230 1,230 1,200 1,180 1,180 1,180

Almanac 2012

Average 1,271 1,273 1,257 1,240 1,246 1,240 1,229 1,254 1,289 1,287 1,344 1,357 1,385 1,366 1,398 1,384 1,295 1,281 1,221 1,164 1,145 1,102 1,050 1,163 1,161 1,192 1,208 1,225 1,326 1,356 1,370 1,368 1,426 1,442 1,453 1,465 1,420 1,394 1,423 1,427 1,385 1,304 1,310 1,305 1,293 1,186 1,175 1,180 1,183 1,113 1,116 1,131

Prices exclude VAT which is 21% for Italy Low 1,200 1,200 1,200 1,180 1,190 1,150 1,170 1,200 1,200 1,240 1,280 1,300 1,300 1,283 1,320 1,300 1,250 1,230 1,160 1,111 1,050 1,050 950 1,070 1,100 1,121 1,120 1,150 1,235 1,300 1,280 1,300 1,347 1,378 1,400 1,400 1,370 1,320 1,370 1,370 1,320 1,260 1,269 1,200 1,200 1,150 1,150 1,150 1,170 1,060 1,060 1,060

www.chemorbis.com

Year-Week 12-51 (17/12) 12-50 (10/12) 12-49 (03/12) 12-48 (26/11) 12-47 (19/11) 12-46 (12/11) 12-45 (05/11) 12-44 (29/10) 12-43 (22/10) 12-42 (15/10) 12-41 (08/10) 12-40 (01/10) 12-39 (24/09) 12-38 (17/09) 12-37 (10/09) 12-36 (03/09) 12-35 (27/08) 12-32 (06/08) 12-31 (30/07) 12-30 (23/07) 12-29 (16/07) 12-28 (09/07) 12-27 (02/07) 12-26 (25/06) 12-25 (18/06) 12-24 (11/06) 12-23 (04/06) 12-22 (28/05) 12-21 (21/05) 12-20 (14/05) 12-19 (07/05) 12-18 (30/04) 12-17 (23/04) 12-16 (16/04) 12-15 (09/04) 12-14 (02/04) 12-13 (26/03) 12-12 (19/03) 12-11 (12/03) 12-10 (05/03) 12-09 (27/02) 12-08 (20/02) 12-07 (13/02) 12-06 (06/02) 12-05 (30/01) 12-04 (23/01) 12-03 (16/01) 12-02 (09/01) 12-01 (02/01) 11-51 (19/12) 11-50 (12/12) 11-49 (05/12)

ChemOrbis

High 1,370 1,370 1,370 1,370 1,370 1,380 1,380 1,390 1,410 1,420 1,450 1,450 1,500 1,500 1,500 1,500 1,480 1,400 1,370 1,260 1,260 1,210 1,150 1,270 1,300 1,300 1,340 1,350 1,430 1,480 1,500 1,510 1,543 1,550 1,550 1,570 1,490 1,510 1,500 1,520 1,520 1,400 1,400 1,400 1,390 1,300 1,290 1,300 1,250 1,230 1,230 1,230

Average 1,335 1,335 1,310 1,298 1,309 1,316 1,304 1,324 1,362 1,340 1,396 1,413 1,425 1,420 1,462 1,446 1,347 1,340 1,293 1,234 1,178 1,152 1,105 1,222 1,210 1,266 1,287 1,300 1,405 1,422 1,458 1,433 1,497 1,492 1,501 1,495 1,443 1,450 1,466 1,478 1,433 1,362 1,359 1,350 1,355 1,222 1,238 1,237 1,233 1,164 1,179 1,194

Low 1,290 1,290 1,250 1,250 1,240 1,250 1,263 1,280 1,280 1,280 1,330 1,350 1,350 1,340 1,370 1,350 1,280 1,300 1,230 1,200 1,100 1,100 1,020 1,120 1,150 1,200 1,220 1,270 1,370 1,370 1,401 1,390 1,420 1,420 1,420 1,420 1,420 1,370 1,420 1,400 1,380 1,350 1,280 1,280 1,320 1,190 1,180 1,190 1,220 1,110 1,137 1,170

Italian Plastics Industry

Almanac 2012

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Overview of Italian Polypropylene Market

ChemOrbis Italy Local GA Price Index - PPBC Inj.

Selection of graphs created using ChemOrbis Price Wizard

FD North Italy (EUR/mton) Prices exclude VAT which is 21% for Italy

PP omo Italia Vs. Propilene FD NWE

All prices exclude customs and antidumping duties.

PP omo Italia Vs. Cina & Turchia

All prices exclude customs and antidumping duties.

Italian Plastics Industry

Almanac 2012

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ChemOrbis

Italian Plastics Industry

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Overview of Italian Polypropylene Market

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General Purpose Polystyrene - Extrusion High Impact Polystyrene - Extrusion *Blow moulding does not refer to grades used for pipe applications

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I t a l y G e n t l e m e n s A g re e m e n t s I n d e x Methodology

Italian PVC Market

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Overview of Italian PVC Market

Overview of Italian PVC Market Cloruro di Polivinile 2012

PVC prices moved higher at the start of 2012 and continued to surge higher until March. There was volatility during March and April but prices reached a peak at the end of April at 940/ton.

All prices of import origin polymers include customs and antidumping duties. Prices do not include VAT.

European PVC suppliers started January by announcing price hikes on the back of higher feedstock costs. Although producers took a firm stance on their new offers in an attempt to recoup their lost margins after months of declining prices in the second half of 2011, buyers were unwilling to pay more than half of the 40/ton rise in the monthly ethylene contract. Despite surging feedstock costs, buyers were supported by pre-buying conducted in December, the ongoing low season for many PVC applications, and generally pessimistic views about the country s economy. Standard & Poor s downgraded the credit ratings of nine of the 17 Eurozone nations, including Italy, whose rating was lowered by two notches. However, in the second half of the month, bullish ethylene prices, which posted a double-digit increase compared to the beginning of the month, provided an upper hand to PVC sellers. Before the month had ended, Ineos had announced a

SPVC K67-68 Prices

100/ton increase effective immediately. After observing the firmer trend, several buyers started searching the market to secure cargoes, while supply was limited in the spot market since most suppliers refrained from concluding deals as they preferred to sell their remaining volumes in February with better margins. Overall deals were concluded with rollovers to 35/ton increases in the spot PVC market, with the larger increases occurring at month s end. In February, the PVC market witnessed further increases on the back of a 99/ton jump in the February ethylene settlements. Limited availability was also cited as another factor exerting upward pressure on prices. Several major PVC producers were facing production issues at their plants, while some producers held lower stocks because of better than expected demand near the end of January. In the second half of the month, supply continued to tighten as two major European producers, Solvin and Arkema, declared force majeure on their PVC output due to rough weather conditions. Players started reporting more non-European origins, mainly US and Mexican cargoes, as large price hikes in Italy and ongoing supply constraints for all polymers across Europe attracted imports. Spot PVC deals were closed with increases of 6080/ton, with many sellers even implementing hikes of up to 100/ton in some cases. February gentlemen s agreements were also settled 7080/ton higher month over month.

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Overview of Italian PVC Market

The PVC market started March on a firm note due to strong upstream costs as well as severe supply tightness stemming from the absence of several mainstream European suppliers. The lack of import alternatives caused by the unfavorable euro/dollar exchange rate parity also added to supply concerns. In the first half of the month, spot deals were mostly concluded 6590/ton higher, while larger increases of 100/ton also passed on some deals. Carrying a premium over other global PVC markets, Italy started attracting imports later in the month, including Mexican, Colombian and South Korean.

Trading activities were slow, but suppliers expected demand to improve after the Plast 2012 fair, which was held in the second week of the month. However, buying interest remained weak, contrary to expectations, as the ongoing macroeconomic problems across Europe weighed down on end product markets. Although import PVC cargoes also started to be offered with decreases in line with the global softening trend, buyers were still unwilling to make new purchases. Sellers revised their initial hike requests to rollovers or even slight decreases from April. Decreases ranging from 10/ton to 40/ton passed on spot deals, while Gentlemen s Agreements settled with rollovers from April.

Sellers approached the market with decreases of 50-80/ton for July. Although buyers had been anticipating larger drops given the 170/ton slump in monthly ethylene settlements, European suppliers elected to offer smaller discounts, citing the upcoming maintenance shutdowns at their plants. Trading activities began to revive in the middle of the month as many converters, who felt that prices had reached the bottom, secured some cargoes from the spot market ahead of a possible upturn following a three month long downward trend. At the end July, several sellers reported selling out their allocation while others were said to be seeking increases of 30-50/ton for limited amounts.

The PVC market started June on a softer note due to the 120/ton drop in monthly ethylene settlements. Spot offers were revealed with decreases of 50-60/ton. Trading activities were thin as end product demand was sluggish. In the second half of the month, the downward momentum gained speed, with decreases up to 100/ton passing on spot deals. For gentlemen s agreements, discounts of 60-85/ton were reported. Lower costs as well as weak demand amidst ample supply continued to exert downward pressure on PVC prices. Meanwhile, Italy s long delayed PVC production was set to resume soon as Industrie Generali, which officially acquired Vinyls Italia s Ravenna PVC site in December 2011, was waiting for a VCM shipment to be delivered at the end of the month.

Initial August offers started to be revealed with increases of 50-80/ton over July in the spot market after monthly ethylene contracts settled 130-140/ton higher. In the first half of the month, trading activities were buoyant in the local market as buyers secured some cargoes ahead of their shutdowns for summer holidays. For August Gentlemen s Agreements, buyers pushed for increases of 70-80/ton against sellers hike targets of up to 100/ton. After the summer holidays ended, the upward trend resumed, supported by firm upstream costs, limited supply and the global firming trend. Meanwhile, COEMIndustrie Generali s PVC plant at Ravenna, which was formerly owned by Vinyls Italia, was idled at the end of the month due to a lack of VCM.

In April, European suppliers revealed their initial prices with notable hikes, citing limited availability, higher feedstock costs as well as the high season for many PVC applications. In the spot market, increases of 30-40/ton passed on done deals, while some sellers were targeting to obtain even larger hikes of 60-110/ton. In the second half of the month, France s Arkema lifted the force majeure on its PVC output, which was declared on February 9 due to rough weather conditions. Although supply constraints remained in place, growing resistance from buyers as well as the Easter holiday forced sellers to revise their hike targets. In addition, trading activities were thin as sluggish end product markets and the holidays weighed down on PVC demand. After PVC prices were adjusted downward from the initially higher April levels, spot deals were concluded 20-40/ton higher, while April gentlemen s agreements settled up 20-50/ton. Following four consecutive months of price hikes, PVC sellers approached the market with stable to firmer prices in May despite a 20/ton drop in the monthly ethylene settlement.

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In the beginning of September, the 125/ton rise in the monthly ethylene settlements lent support to the prevailing firm trend. Increases ranging from 50/ton to 100/ton were heard in the spot market. For Gentlemen s Agreements, mostly three-digit hikes were being sought. Despite sellers firm stance on their prices, buying interest started to wane in the second half of the month as buyers showed resistance to consecutive price hikes. After demand visibly weakened in the spot PVC market, sellers were forced to revise their hike targets downward. Towards the end of the month, October crude oil futures on the NYMEX posted successive daily losses to dip as low as $90/barrel due to rising stockpiles in the US after oil production resumed following Hurricane Isaac. Sellers approached the spot PVC market with rollover requests for October after the monthly ethylene contracts settled with a decrease of 10/ton. Buyers, on the other hand, maintained their waiting stance in anticipation of obtaining discounts in the days ahead. A couple of West and South European producers remained firm on their rollover requests, pointing to the need to recover their margins as well as their lack of stock pressure while many sellers conceded to discounts due to ample supply and sluggish demand. October PVC deals were wrapped up with rollovers to decreases of up to 30/ton. PVC prices started November on a softer note owing to poor demand, lower costs and comfortable supply. Non-European import prices lacked competitiveness as they were almost at par with local offers. In addition, the depreciation of the euro against the dollar caused buying interest to weaken further for imports.

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Overview of Italian PVC Market

Italy s PVC Imports PVC

Buyers continued to limit their purchases to their minimum requirements due to sluggish end product demand as well as their expectations about seeing further price decreases. West European suppliers, who were asking for rollovers or small discounts of 10/ton in the beginning of November, ultimately conceded to decreases of up 30-40/ton. Meanwhile in the import market, attractive offers started to emerge at prices below the local market towards the end of the month.

Despite the soft ending to the year, sellers were already bullish in December regarding the outlook for the start of 2013. Before the Christmas holidays, European offers into Turkey had risen and on a euro basis, were above the low end of the local range in Italy, which foreshadowed the upward pressure the country would face in January.

In December, European producers revealed their new offers with rollovers from the previous month. Demand was stagnant, even slightly weaker than the same month of 2011 due to economic woes in Europe. However, suppliers were unwilling to concede to any discounts larger than 20/ton as they wanted to adopt a firm stance for January in order to recoup their margins following persistent losses for PVC in the last 3 months. Some converters secured extra cargoes at competitive prices as they were concerned about possible hikes in January and wanted to have material after the Christmas holidays, while several buyers maintained operations with their existing stocks and kept their inventories low due to sluggish end product business. PVC players closed their December business with rollovers to 20/ton decreases from November.

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PVC Imports By Year

YOY Change in PVC Imports

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Italian Plastics Industry

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Overview of Italian PVC Market

Italy s PVC Imports

YOY Change in PVC Imports (%)

2012 PVC Monthly Imports

Average PVC Import Prices (EUR/mton)

2012 Monthly Average PVC Import Prices (EUR/mton)

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Italian Plastics Industry

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Overview of Italian PVC Market

PVC Imports By Country 2001 - 2012

Top 20 (1000 mton)

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

France

239

246

255

304

287

292

293

Germany

134

163

149

146

127

Hungary

Netherlands

Belgium

Spain

Mexico

Portugal

Czech Republic

Poland Romania

2011 2012

Grand Total

271

283

354

309

272

3,406

113

105

107

1,463

527

409

387

324

154

153

124

109

Israel

USA

Greece

Slovakia

Egypt

Brazil

Colombia

Austria

Other

118

614

629

602

623

616

646

678

561

605

756

698

630

7.657

2011 2012

Grand Total

Period

No of exporting countries

Italian Plastics Industry

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

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Top 10

Qty (1000 mton)

1. France

272

7. Hungary

2. Germany

107

8. Portugal

3. Spain

9. Poland

4. Netherlands

10. Czech Republic

5. Mexico

Other

6. Belgium

27 Grand Total

630

2012 PVC Imports By Origin

United Kingdom

Grand Total

2012

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Italian Plastics Industry

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Overview of Italian PVC Market

Selection of graphs created using ChemOrbis Price Wizard

Italy PVC k67 68 Vs VCM FD NWE

Selection of graphs created using ChemOrbis Price Wizard

C2 Naphta VCM Europe

All prices exclude customs and antidumping duties.

PVCk687 68 SEA Vs VCM Asia

PVC k67 68 Italy SEA Turkey

All prices exclude customs and antidumping duties.

Italian Plastics Industry

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Italian Plastics Industry

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Overview of Italian PVC Market

ChemOrbis Italy Local GA Price Index - SPVC K64-65 & K58 & K70

ChemOrbis Italy Local Spot Price Index - SPVC K67-68

FD North Italy (EUR/mton)

Prices exclude VAT which is 21% for Italy

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ChemOrbis

High

Average

Low

850 870 870 880 890 890 890 930 930 930 930 920 930 930 980 930 920 920 840 840 800 800 790 870 830 850 860 920 930 970 980 980 930 980 980 980 970 940 970 940 890 870 870 820 820 750 760 760 760 750 740 740

831 840 848 850 851 856 855 871 890 895 901 898 895 911 921 907 860 853 826 816 765 752 750 827 822 830 835 885 892 910 932 940 900 923 931 934 917 910 925 898 836 827 823 806 792 733 738 733 740 725 723 728

820 820 830 830 830 830 830 820 850 870 880 880 880 880 890 885 820 820 820 800 730 710 730 735 810 810 820 820 860 870 900 900 880 880 888 900 890 890 895 850 800 780 780 790 750 720 710 710 720 700 700 715

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Overview of Italian PVC Market

ChemOrbis Italy Local GA Price Index - SPVC K67-68

ChemOrbis Italy Local Spot Price Index - SPVC K70

FD North Italy (EUR/mton)

Prices exclude VAT which is 21% for Italy

Italian Plastics Industry

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ChemOrbis

High

Average

Low

880 880 890 900 900 910 930 950 950 950 950 950 980 980 990 965 930 930 900 860 830 830 820 900 900 910 910 970 980 1,020 1,020 1,020 1,000 1,000 1,020 1,050 990 970 970 970 910 870 870 875 850 780 790 820 780 770 780 790

859 857 862 870 867 876 883 900 913 921 915 918 929 944 945 941 878 882 861 801 785 780 780 855 861 875 878 928 930 940 951 955 951 950 960 969 935 929 922 913 870 844 839 830 795 759 763 768 765 748 749 758

830 830 840 840 840 840 850 840 890 895 900 890 900 900 900 910 840 840 840 760 745 750 760 820 820 840 850 900 900 900 905 905 910 920 920 905 900 890 890 870 830 820 810 780 750 740 740 740 750 730 730 730

Italian Plastics Industry

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Overview of Italian PVC Market

ChemOrbis Italy Price Index Introduction

Italy Spot Price Index Methodology

Spot Price Index Specifications

Italian Plastics Industry

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General Purpose Polystyrene - Extrusion High Impact Polystyrene - Extrusion *Blow moulding does not refer to grades used for pipe applications

Definitions of Categories

I t a l y G e n t l e m e n s A g re e m e n t s I n d e x Methodology

Italian Polystyrene Market

Product Sponsor Continental Industries Group, Inc.

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Italian Plastics Industry

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Overview of Italian Polystyrene Market

Overview of Italian Polystyrene Market Polistirene 2012

The year 2012 started off with a massive jump in PS prices, which was a foreshadowing of the year to come. There was an almost continuous upward march for the rest of the year culminating in record high prices by the end of the year, which were to be eclipsed at the start of 2013. The relentless upward charge came despite general agreement regarding poor demand, accounts which were backed up by economic data showing a shrinking economy. PS prices not only ignored the dictates of demand, but often ignored styrene contract settlements as well.

All import prices include customs and antidumping duties. All local prices exclude VAT.

In January, PS buyers were squeezed between massive price hikes and the low season, which kept them in a waiting mood for most of the month amidst a weak global economy. Higher benzene and styrene contracts in Europe, plus higher freight rates from Asia to Europe, contributed to the bullish price trend. A West European producer, Styrolution, pioneered hikes on PS prices with a 145/ton increase announcement on its gentlemen s agreements, higher than the increase of 120/ton on the styrene contracts, in order to recover margins.

Prezzi GPPS e HIPS

Amidst buyers resistance to price increases, deals were concluded at or close to the low ends of the overall spot range and for modest quantities. In fact, imports in January were at their lowest level ever when compared to the same month over a twelve year period. Economists reported that Europe s economy was drawing near to recession due to budget cuts, slower consumer spending and weaker global export demand. Nevertheless, price increases of up to 140/ton passed on spot deals in January. >Bullish costs and low supplies on the producers side led to a second consecutive month of noteworthy increases on PS prices in February. European monomer contracts that settled up 117/ton for benzene, 120/ton for styrene and 135/ton for butadiene led spot PS offers to come 120-130/ton higher, while a West European producer revealed a 145/ton increase on its gentlemen s agreements. Sellers were well supported by costs, but local purchases were limited to basic needs for most of February. In fact, following lower than usual import volumes in January, February fared even worse with fewer imports compared to January, and again the lowest import figure compared to the same month over a twelve year period. Despite the demand situation, price hikes of 110-130/ton passed on spot PS deals. A producer, while achieving slightly less than its initial target, managed to push through a 120/ton increase on its PS contracts.

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Overview of Italian Polystyrene Market

Steady styrene contracts in Europe following a 52/ton lower benzene settlements caused the upwards momentum to lose steam as March started. Although sentiment cooled off, new spot prices were revealed with 10-20/ton hikes for GPPS and increases of up to 50/ton for HIPS. Styrolution officially announced a 20/ton hike on their GPPS gentlemen s agreements. In the meantime, 250/ton higher butadiene contracts and producers need to improve their margins forced many to raise the premium of HIPS over GPPS by up to 150/ton. High butadiene costs provided a strong hand for HIPS sellers when compared to the softer path for GPPS during March. Amidst growing resistance from buyers towards higher levels, overall spot levels eased in the second half of March while more non-European origins showed up and attracted buying interest. Amidst softening upstream costs and comfortable supplies because of subdued demand, Italian players reported steady to softer deals for GPPS while HIPS was traded with 30/ton increases in late March.

June began with a mixed outlook prior to the settlement of the styrene contract, with both higher sell ideas based on benzene costs and decrease expectations being reported in the market. Styron Europe nominated an increase of 30/ton on its PS prices and Styrolution was seeking 10/ton increase on GPPS. June benzene contracts settled with an increase of 73/ton, butadiene contracts fell a whopping 400/ton and these were followed by a rollover in the styrene contract. Demand was considered very poor during the month and the global market was weak. These factors helped push down PS prices despite stable to firmer benzene and styrene costs. Spot deals were reported with decreases of 20-30/ton from the previous month while larger month over month decreases of 20-50/ton were reported for HIPS. Competitive import prices showed up in June because of the weakening Chinese market, but there was little buying interest, particularly since the cargoes were set to arrive in July and even August and buyers felt prices would be lower in July. After mid-month, HIPS supply was affected by production issues at Styrolution and Styron, but no major supply problems were reported because of poor demand conditions.

In April, 34/ton lower styrene contracts combined with quiet demand ahead of the upcoming Easter holiday softened sentiment. Trading activity remained weak during the month, with players attributing this situation to fragile economic conditions in the country, which failed to generate stimulus for end product markets. However, the HIPS market was partially supported by firm butadiene prices and held mostly steady. Even before spot styrene costs started to rebound by mid-month, PS sellers were working to achieve smaller decreases compared to the drop on the styrene contract settlements, with spot GPPS deals representing

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rollovers to 30/ton decreases from March. For gentlemen agreements, rollovers to 20/ton decreases were sought for GPPS. Although a seller asked for a 10/ton increase on HIPS, buyers claimed to have obtained decreases of up to 45/ton on their contract prices. Eurozone private sector activity posted the largest decrease in the last five months in April. The composite Purchasing Managers Index (PMI) dropped from 49.1 in March to 47.4 in April, according to data from Markit Economics. May started on a firm note after European monomer contracts settled up 58/ton for benzene and up 47/ton for styrene. West and South European producers sought 50-60/ton hikes on their GPPS contracts but relentlessly fragile demand put a cap on sellers full hike targets. An initial Gentlemen s Agreement was reported with a 30/ton increase for West European GPPS. Spot PS deals were concluded with 10-20/ton increases over April. NonEuropean origins formed a pressure point on the market as locally-held Pakistani and South Korean HIPS was traded at the lower ends of the range. By late May, buyers obtained decreases of 20-40/ton on GPPS and rollovers to 2030/ton drops on HIPS deals from April. Italy s economy shrank for the third consecutive quarter in Q1 2012, with Gross Domestic Product falling 0.8%, the largest drop in the past three years. Also, confidence in the manufacturing sector fell, official statistics institute Istat said. The confidence index dropped from 89.1 points in April to 86.2 in May, reaching its lowest level since August 2009.

ChemOrbis

July opened with a major decrease on styrene contracts, which settled lower by 115/ton. Nevertheless, producers worked hard and were successful in keeping the decreases on PS at smaller amounts relative to styrene. Producers were supported by higher energy prices and rising spot feedstock costs as well as lower availability, especially for HIPS. Prices fell at the start of the month with deals done lower by 50-60/ton the first week and then by 7080/ton in the second week. However, by mid-

month producers held tight and the market level stabilized. Distributors reported that they were not able to get additional cargoes from suppliers and buyers also complained of not getting material easily. Some buyers were keen to purchase in expectation that prices could move up after the summer holidays. Imports were used as an alternative to limited regional supply and import quantities jumped around 25% in July compared to June. >The month of August saw a major turnaround in the PS market, particularly after styrene contracts settled 135/ton higher. Gentlemen s Agreements that had settled lower by 70-80/ton in July were offered with increases of 130150/ton for August. Spot PS prices spiked by 100-150/ton month over month. This impressive upward surge came despite widespread reports of poor demand and the short working month as summer holidays caused much of the country s production to shut for a couple of weeks. In fact, buyers complaints of weak end demand were confirmed by news in August that Italy s recession had deepened in the second quarter of the year for the fourth quarter in a row. Italy s economy shrank by 2.5% compared to the same period the year before, which was the steepest year over year contraction since Q4 2009. Nevertheless, buyers confirmed paying large increases for their purchases in August.

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Overview of Italian Polystyrene Market

>PS prices continued to defy poor demand conditions in September as the market level jumped around 100/ton higher at the start of the month. The increase on PS was larger than the 43/ton increase on styrene contracts for the month. Availability for PS remained low. Buyers waited as long as possible to make purchases, hoping for a revision in prices. They also turned to imports, which were competitive relative to local market levels, particularly after Italy regained its premium over other Mediterranean markets at the start of August. Local PS prices in Italy had lost their premium over import offers to Turkey during July, but the premium was regained in August. The short working month led to a drop in imports in August, but imports spiked higher in September. Buyers were rewarded to some extent for waiting as price increases were revised down to plus 6080/ton. However, the average spot PS price lost only 12-13/ton by month s end after having spiked 100/ton at the start of September. Gentlemen s Agreements were reported to have settled 90-95/ton higher.

December saw PS prices jump a bit higher in the first week after styrene settled higher by 15/ton. Done deals during December were reported with rollovers or increases of up to 2025/ton. Similarly, Gentlemen s Agreements were settled higher by 10-15/ton for the month. As the month progressed the outlook for January became very bullish based on rising upstream costs and tight supplies. The rising upcoming trend was confirmed in the Turkish market, where European offers were initially made with increases of 30/ton and then moved higher by another 10-20/ton later in the month.

>In October, complaints regarding demand grew louder and more prominent. Food packagers reported they were cutting back on their operating rates rather than pay the thenrecord breaking PS prices. A disposables manufacturer reported operating at just 20% of capacity and egg container manufacturers reported looking for near-prime materials to offset their poor end product sales. Sellers confirmed their difficulties in making sales and attested to the low purchase volumes. Nevertheless, PS prices remained relatively firm and reached new record levels. Spot prices started the month slightly higher compared to

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September following an 8/ton increase in styrene contracts. PS deals were reported at rollovers or with increases of 30-50/ton on a month over month basis. Gentlemen s Agreements settled up 20-35/ton. By month s end, the average spot GPPS price was up just slightly from the start of the month while HIPS was down around 20/ton. >The month of November opened on a steady trend from the end of October, but prices dipped by the second week as the average PS price was brought down by adjustments to high end prices. Styrene contracts were settled with rollovers to decreases of 5/ton. Styrolution announced 15/ton increases on PS and Styron announced 25/ton increases. Nevertheless, most buyers reported receiving rollover requests initially. As the month progressed, prices on the low end of the range were mainly rolled over while prices at the high end were adjusted downward, resulting in done deals that were stable from October or up to 40/ton lower than the previous month. Gentlemen s Agreements followed a slightly different path, with rollovers or increases of up to 15/ton passing.

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The year 2012 ended on very bullish note right before the Italian market slowed for the Christmas holidays.

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Overview of Italian Polystyrene Market

ItalyÂ&#x2019;s Polystyrene Imports

108

PS Imports by Year

YOY Change in PS Imports (%)

YOY Change in PS Imports

Average PS Import Prices (EUR/mton)

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Overview of Italian Polystyrene Market

ItalyÂ&#x2019;s Polystyrene Imports

PS Imports By Country 2001 - 2012

Top 20 (1000 mton)

2012 Monthly PS Imports

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Germany

Belgium

France

Croatia

Netherlands United Kingdom

104

752

703

220

122

110

Czech Republic

India

Hungary

Saudi Arabia

Poland

Portugal

Austria

Turkey

Denmark

Japan

Other

102

335

362

337

321

344

338

336

304

278

282

264

202

3.702

2011 2012

Grand Total

Period

No of exporting countries

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Mexico

Grand Total

Italian Plastics Industry

1,118

Pakistan

110

Grand Total

Spain

Russian Federation

2012 Monthly Average PS Import Prices (EUR/mton)

2011 2012

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

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Overview of Italian Polystyrene Market

Selection of graphs created using ChemOrbis Price Wizard 2012

Top 10

Qty (1000 mton)

1. Germany

7. Spain

2. Belgium

8. Hungary

3. France

9. Pakistan

4. Poland

10. India

5. Greece

Other

6. Mexico

5 Grand Total

GPPS Italia Vs. Stirene FD NWE

19 202

All prices exclude customs and antidumping duties.

2012 PS Imports By Origin

GPPS Italia Vs. Cina & Turchia

All prices exclude customs and antidumping duties.

112

Italian Plastics Industry

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113

Overview of Italian Polystyrene Market

ChemOrbis Italy Local Spot Price Index - GPPS

ChemOrbis Italy Local GA Price Index - GPPS

FD North Italy (EUR/mton)

114

Italian Plastics Industry

Prices exclude VAT which is 21% for Italy

High

Average

Low

1,610 1,610 1,620 1,580 1,580 1,600 1,600 1,600 1,610 1,630 1,630 1,630 1,610 1,620 1,620 1,630 1,550 1,520 1,520 1,400 1,400 1,400 1,420 1,430 1,450 1,450 1,480 1,470 1,470 1,470 1,500 1,460 1,440 1,460 1,460 1,460 1,480 1,480 1,480 1,500 1,470 1,470 1,480 1,480 1,490 1,370 1,380 1,380 1,390 1,240 1,240 1,240

1,561 1,568 1,567 1,531 1,533 1,555 1,540 1,575 1,568 1,550 1,580 1,569 1,555 1,565 1,555 1,568 1,472 1,477 1,474 1,355 1,345 1,345 1,366 1,400 1,397 1,385 1,428 1,428 1,416 1,435 1,440 1,437 1,397 1,408 1,414 1,427 1,450 1,445 1,442 1,455 1,433 1,436 1,433 1,430 1,447 1,325 1,336 1,342 1,335 1,192 1,198 1,206

1,520 1,510 1,495 1,495 1,480 1,480 1,480 1,480 1,480 1,480 1,480 1,500 1,480 1,480 1,480 1,520 1,420 1,440 1,370 1,300 1,300 1,300 1,310 1,360 1,340 1,340 1,364 1,364 1,360 1,400 1,400 1,400 1,370 1,370 1,371 1,370 1,400 1,400 1,398 1,410 1,380 1,360 1,360 1,360 1,360 1,250 1,279 1,280 1,280 1,130 1,130 1,131

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Italian Plastics Industry

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Overview of Italian Polystyrene Market

ChemOrbis Italy Local Spot Price Index - HIPS

ChemOrbis Italy Local GA Price Index - HIPS

FD North Italy (EUR/mton)

116

Italian Plastics Industry

Prices exclude VAT which is 21% for Italy

High

Average

Low

1,730 1,730 1,740 1,700 1,700 1,700 1,720 1,730 1,740 1,750 1,760 1,750 1,740 1,750 1,750 1,750 1,670 1,650 1,650 1,550 1,550 1,550 1,550 1,590 1,590 1,590 1,610 1,580 1,590 1,620 1,630 1,600 1,600 1,610 1,610 1,610 1,630 1,630 1,620 1,660 1,600 1,600 1,590 1,610 1,610 1,470 1,500 1,500 1,510 1,360 1,360 1,360

1,689 1,687 1,700 1,671 1,668 1,676 1,676 1,692 1,693 1,695 1,721 1,711 1,679 1,693 1,671 1,691 1,610 1,596 1,604 1,473 1,483 1,465 1,488 1,530 1,527 1,511 1,536 1,505 1,536 1,570 1,592 1,595 1,541 1,533 1,550 1,537 1,590 1,588 1,561 1,610 1,565 1,561 1,537 1,543 1,546 1,420 1,468 1,458 1,440 1,323 1,316 1,314

1,650 1,640 1,620 1,620 1,620 1,620 1,620 1,620 1,620 1,620 1,620 1,680 1,620 1,620 1,630 1,630 1,550 1,540 1,500 1,400 1,400 1,400 1,420 1,430 1,440 1,440 1,490 1,440 1,469 1,480 1,550 1,590 1,500 1,500 1,500 1,500 1,560 1,560 1,500 1,523 1,503 1,503 1,487 1,440 1,440 1,371 1,420 1,370 1,370 1,260 1,250 1,232

Almanac 2012

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ChemOrbis

Italian Plastics Industry

Almanac 2012

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117

Overview of Italian Polystyrene Market

ChemOrbis Italy Price Index Introduction

Italy Spot Price Index Methodology

Spot Price Index Specifications

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General Purpose Polystyrene - Extrusion High Impact Polystyrene - Extrusion *Blow moulding does not refer to grades used for pipe applications

Definitions of Categories

I t a l y G e n t l e m e n s A g re e m e n t s I n d e x Methodology

Italian PET Market

Product Sponsor M&G Polimeri Italia S.p.A.

ChemOrbis

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Overview of Italian PET Market

Overview of Italian PET Market PET 2012

Italy s PET market jumped in the first month of the year. After starting under the threshold of 1200/ton in the first few days of the year, PET levels rose above the threshold of 1400/ton by March. After another rollercoaster turn, prices dropped by July to hit a level of 1100/ton on the low end of the price range. The market recovered in August and prices increased again in September. Prices were mainly firm for the rest of the year around the levels established in September. The year 2012 also saw several new PET plant announcements, despite complaints from La Seda that they had seen losses on their PET business due to weak European demand and ample supply in the region.

MEG contracts recorded an increase of 41/ton. These jumps were not unexpected as Asian feedstock contracts had already settled with three digit increases prior to European settlements. Following these bullish upstream developments, Gentlemen s Agreements opened the month with 120/ton hikes from January while the spot PET market saw 80-100/ton higher deals. Later in the month, the increase figures moved up to plus 100-120/ton for spot deals. Higher PET prices slowed down buying interest while some buyers had previously built stocks in January. Nevertheless, slower demand did not stop sellers from gaining their three digit increases during the month.

The Italian PET market opened the first month of 2012 in a waiting mood following consecutive price decreases at the end of 2011. However, due to higher feedstock costs, the PET market recovered by the second week of January with producers starting to ask for 70-80/ton increases and done deals were reported at the new higher levels. Sellers were supported by an 80/ton increase in January PX contracts and a 54/ton increase in MEG contracts. During the month, spot PX costs would rise by around $155/ton. By month s end, sellers were expressing their satisfaction with demand conditions and noted that pre-buying was taking place ahead of February. Sellers comments were backed up by import figures, which showed a whopping 32,000 tons was imported in January 2012, which was higher than the levels reported for any given month in 2011.

The PET market opened the first week of March with relatively smaller increases from February at around 30-40/ton. However, many sellers admitted that after the first half of the month, they had to revise down their hike targets to 1020/ton as they saw no buying interest. Buyers held adequate stock levels from the previous months pre-buying activities. Plus, lower cost import cargoes were awaited in the market and the softening feedstock costs supported buyers in staying on the sidelines amidst higher prices. European spot PX prices lost $40/ton over the month despite the fact that monthly MEG and PX contracts settled with 5/ton and 36/ton increases, respectively. March business was mostly wrapped up with rollovers to small increases.

February started with upward pressure on PET prices coming from upstream markets as PX contracts gained 102/ton increases. Meanwhile,

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Overview of Italian PET Market

April started initially with 20-30/ton softer PET offers on the back of the lower feedstock contracts in the region, which retreated by 65/ton for MEG and 43/ton for PX. By the second half of the month, larger decreases started to be seen in the PET market of around 60/ton. A source at a South European producer said demand improved after conceding to price cuts and added that they could, therefore, finish their monthly quotas. Later in the month, more competitive import offers also started to surface in Italy from the Far East. Apart from these developments, the European market welcomed a new PTA plant in the region. La Seda de Barcelona s subsidiary Artlant PTA reached commercial production at its new 700,000 tons/year PTA plant in Sines, Portugal. Up to 95% of the plant s output was said to be aimed for export markets in Africa, Europe, the Middle East, India and Brazil. Considering the fact that May is traditionally the start of the high season, producers originally expressed their hike intentions. However, the month started on a steady to 20/ton softer note and continued on that route due to slow end product demand coupled with the economic slowdown in Europe. Plus, May MEG contracts recorded 26/ton decreases, PX contracts shed 15/ton and spot prices recorded even larger decreases of $215/ton for PX during the course of May. Some sellers also started to worry about Octal s new PET capacity that was planned to come online in Oman by late May. The company s new plant, which has two PET lines with 300,000 tons/year capacity each, started their first line in May and the second line was expected to come online in July. This news caused speculation that there might be more

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Overview of Italian PET Market

aggressive offers from Oman over the near term. Meanwhile, despite stable to softer PET offers in the country, some buyers turned to even more competitive import cargoes offered from the Far East. Offers from that region were 30-50/ton below the prevailing local PET prices after adding all applicable costs. In production news, Lithuania s Neopet was reportedly running its plant at reduced rates after declaring force majeure on their PET output from Klaipeda, Lithuania on May 17. Following the force majeure, the producer cut operating rates at its PET plant, which has 320,000 tons/year of capacity, to 50%. Production was expected to start recovering in June and reach normal rates by August. However, due to the overall weak demand, this situation did not have much of an effect on the region s PET market. In June, PET prices saw larger decreases as the month progressed. Poor demand weighed down the market level. As supply became more comfortable there were reports that PET producers were cutting back on production. Costs had also fallen with PX contracts settling lower by 120/ton and MEG down by 54/ton. A South European producer initially came with a 30/ton decrease and West European PET prices were down 20/ton. However, the South European producer admitted that they had conceded to 70/ton decreases and even 80/ton declines later in the month. Overall, deals were done with decreases of 40-80/ton on a month over month basis. Imports were also a threat during June and imports bounced higher compared to May.

ChemOrbis

In production news, it was reported that Lotte Chemical had awarded a contract to build a new PET plant in the UK with a capacity of 200,000 tons/year. The plant was expected to start up in the second half of 2013. The month of July began with price decreases, but the trend turned upwards mid-month. Initial deals were concluded with decreases of 5080/ton. However, demand during July was strong as many sellers had predicted it would be after buyers waited to purchase in the previous months. In addition to low stocks on the buyers side, end demand also improved on hot weather conditions. At the same time, costs were rising while the depreciating euro made imports less attractive. By the middle of the month, a South European producer raised prices by 30/ton. Other producers followed and buyers reported having to pay increases of 40-60/ton in the second half of the month. In July, Oman s Octal Petrochemical completed the second phase of its PET expansion project. The company raised its PET capacity by 527,000 tons/year and was expected to reach a total capacity of 927,000 tons/year once production reached full operating rates in August. Oman was a top supplier to Italy during 2012. Strong demand continued in August as the high season was in full swing. PX contracts were settled higher by 135/ton and MEG contracts rose 90/ton. Done deal levels on spot PET rose by 70-100/ton on a month over month basis. It was reported in August that Artenius was planning to start up a new PET plant in Italy by the end of the year located in Acerra, Naples. The new plant would have a capacity of 150,000 tons/year.

September opened with good demand still in place, including in the end product markets. PET prices rose 50-60/ton while PX contracts were up 60/ton and MEG contracts up 100/ton. Demand started to slow after midmonth in line with the waning high season. Buyers began to complain about the high prices. A drop in energy prices helped pull down feedstock costs near the end of the month. Also during the month it was reported that Thailand s Indorama Ventures was planning to start up a new PET plant in Rotterdam, the Netherlands in October. The new plant was set to have a capacity of 187,000 tons/year. Lithuania s Neopet also lifted its force majeure on PET that had been in place since May 17. Sellers came with rollovers or slight increases of 10/ton at the start of October. PX contracts had rolled over and demand had noticeably slowed. Buyers preferred to wait as much as possible before purchasing in October with the idea that they might see some softening later in the month. On the other hand, spot feedstock costs were rising during the month and a late settlement for the MEG contracts revealed a 20/ton increase. Nevertheless, spot PET prices fell 30/ton in the last week of the month and a source at a South European producer admitted to giving discounts of 10/ton for purchases of 100 tons or more. Also in October, a contract was awarded for another new PET plant in Europe. India s JBF Industries contracted to have a new PET plant with a capacity of 432,000 tons/year built in Geel, Belgium.

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Overview of Italian PET Market

Italy s PET Imports PET Grado Bottiglia

In November, sellers approached the market with increases of 10-30/ton blaming higher costs. However, it became apparent by the second week of the month that the market was not strong enough to support any increases and buyers reported paying rollovers. PX contracts settled later in the month with an increase of 20/ton while MEG contracts were down 25/ton. Demand was extremely weak. A bottle maker said that he was running his production at 50-60% of capacity due to weak end demand. At the same time, attractive import offers were reported. An Omani offer was cited that was 60/ton below the low end of the local market. PET producers were heard to be cutting back production. Although market levels were nearly steady during the month, a source at a European producer reported settling some deals with decreases of 30/ton from the previous month.

Rollovers were reported for the month of December as costs supported producers but demand was very weak. It was a short working month as well due to the Christmas holidays. A packaging manufacturer said end demand was extremely poor and was expected to remain so for the following three months. A source at a PET producer reported they were at 50% capacity and other producers were believed to be severely cut back as well. Nevertheless, due to margin pressure, producers began to ask for increases of 20-30/ton for January cargoes before the month of December ended. The year ended with prices around the same level seen at the start of year after prices had jumped up in January. Despite the low season, the outlook was bullish at the end of the year.

Meanwhile, Spain s La Seda reported a net loss for the first three quarters of the year of 70.6 million. The company blamed poor results on its PET operations, commenting that demand was weak while there was ample supply in Europe.

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PET Bottle Imports by Year

YOY Change in PET Bottle Imports

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Overview of Italian PET Market

ItalyÂ&#x2019;s PET Imports

128

YOY Change in PET Bottle Imports (%)

2012 PET Bottle Monthly Imports

Average PET Bottle Import Prices (EUR/mton)

2012 Monthly Average PET Bottle Import Prices (EUR/mton)

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Overview of Italian PET Market

PET Bottle Imports By Country 2001 - 2012

Top 20 (1000 mton) South Korea

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Pakistan Germany

2012

India

449

288

234

199

186

181

169

140

106

United Arab Emirates Spain

Oman Greece

Lithuania Taiwan

Vietnam 6

USA

United Kingdom

Mexico

Netherlands

0 1 2

Iran

Other

117

175

244

190

211

260

242

251

336

265

192

203

2.602

2011 2012

Grand Total

Italian Plastics Industry

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

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7. Lithuania

2. Oman

8. Poland

3. Spain

9. United Arab Emirates

4. Germany

10. Austria

5. India

Other

6. Russian Federation

8 Grand Total

203

2012 PET Bottle Imports By Origin

No of exporting countries

1. South Korea

Period

Qty (1000 mton)

Malaysia

Grand Total

Qty (1000 mton)

Top 10

Turkey

Australia

130

Grand Total

China

2011 2012

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Overview of Italian PET Market

Selection of graphs created using ChemOrbis Price Wizard

ChemOrbis Events PET Cina Export Vs. PET Turchia Import

All prices exclude customs and antidumping duties.

2012

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ChemOrbis Events

2012 Events

ChemOrbis organizes local and international events where market players from all over the world gather to discuss important issues in the plastics industry and build new relationships in a unique networking environment.

March 5, 2012 3rd ChemOrbis Asia Meeting Kuala Lumpur Convention Centre, Kuala Lumpur

All market players

More than 450 attendees from 270 companies and 15 countries attended the 3rd ChemOrbis Asia Meeting.

ChemOrbis Events are open to;

involved in the plastics industry as well as companies

Â&#x2022; All market players in the plastic world-- converters, distributors, traders and producers of polymers in addition to other companies active in the sector including machinery producers, ancillary service providers, additive producers, compounders, logistics companies, financial companies etc. who are interested in a review of the latest market trends.

offering products and services for the industry can participate in ChemOrbis events.

Â&#x2022; Top management and corporate executives from the industry worldwide.

ChemOrbis Events Participation Profile

4% President

2% CEO

26% Director

20% Company Owner

Event Sponsors

5% Executive

Media Sponsor

43% Manager

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135

ChemOrbis Events

ChemOrbis 3rd Asia Participants List China

Dharma Kridatama Pt

Beijing Sunshine International Freight Co Ltd

Garudafood Putra Putri Jaya Pt

Chem1 Consulting (Beijing) Co.

Hermon Persada Indah Plastik Pt

CPG (HK) Limited

Indoplastic Prima Lestari Pt

KOCO Group Limited

Japfa Comfeed Indonesia Tbk Pt

Sinochem Plastic Co. Ltd (China)

Kerta Rajasa Raya Pt

Sunghwa International Limited

Lidah Buaya Group

Wipro Limited / Dongguan Unza Consumer

Masolikalerindo Perkasa PT

Products Co Ltd

Muara Agung Perkasa Pt

Xiamen C&D Inc

Pertamina (Persero) Pt

Zhejiang Future Petrochemical Co Ltd

Sinar Joyo Boyo CV Sumber Bengawan Plasindo PT Sumber Plastik

Hungary

Sumplas Dwi Sapta Pt

Borsodchem Co. Ltd

Tri M India Azelis (India) Pvt Ltd

Italy

Bhavik Enterprises Ltd

ASSOCOMAPLAST

Lila Polymers Pvt Ltd

CMS Spa

Meet Marketing (I) Pvt Ltd

DOTECO S.R.L.

Perfect Exim International

Ecoplastica srl

Plastichemix Industries

Frigel Firenze SpA

Renuka Agencies

Luigi Bandera SpA

Sindhu (India) Private Limited

Tecnomatic Srl

Indonesia

Japan

A Schulman Plastics PT

Pantech Co Ltd

Agromega Indopratama Akino Wahanamulia PT

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Malaysia

Alam Jaya Primanusa PT

(Malaysian Plastics Manufacturers Assocition)

Anta Tirta Kirana PT

MPMA

Asosiasi Industri Plastik Hilir Indonesia (APHINDO)

Adtech Malaysia Sdn Bhd

Bilplast Grapindo Pt

Aeries Plastic Industries Sdn Bhd

Chandra Asri Petrochemical Tbk PT

Aik Joo Can Factory Sdn Bhd

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ChemOrbis Events

138

Ampacet Malaysia Sdn Bhd

Hypak Sdn Bhd

AmPlast Sdn Bhd

ICO Polymers (Malaysia) Sdn Bhd

Arah Johan Sdn Bhd

Industrial Resins (Malaysia) Sdn Bhd

Arburg Sdn Bhd

IP Logistics (M) Sdn Bhd

Asia Sourcing Company

Isochem (M) Sdn Bhd

Asia Woven Packaging Sdn Bhd

Italian Trade Commission (Malaysia)

Associated Air-Pak Industries Sdn Bhd

ITW Meritex Sdn Bhd

Belges Materials Supply Sdn Bhd

Jebplus Sdn Bhd

Bold Vision Sdn Bhd

Johstar The Plastic Man (M) Sdn Bhd

BP Plastics Holding Bhd

Joubert Sa Malaysia

Chevron Phillips Chemical Malaysia Sdn Bhd

Kamma Klang Enterprise Sdn Bhd

Chiga Light Industries Sdn Bhd

Karich Sdn Bhd

Chin Hong Trading & Packaging Sdn Bhd

Kekwa Indah Sdn Bhd

Chong Wah Plastics Sdn Bhd

Kian Wah Plastic & Tobacco Sdn Bhd

Compounding & Colouring Sdn Bhd

Kin Ho Hardware & Engineering

Concrete Jointing Systems (Malaysia) Sdn Bhd

Lean Giap Enterprise Sdn Bhd

Daibochi Plastic And Packaging Industry Bhd

Lipta Plastic Industries Sdn Bhd

Damco Logistic Malaysia Sdn Bhd

Logomas Packaging Sdn Bhd

Dow Chemical (Malaysia) Sdn Bhd

Lubrizol Advanced Materials (M) Sdn Bhd

Durapower Sdn Bhd

Lum Mah Plastic & Printing (M) Sdn Bhd

Dynamic Frank Sdn Bhd

Malayan Electro-Chemical Industry Co Sdn Bhd

EB Packaging Sdn Bhd

MECI

Emery Oleochemical (M) Sdn Bhd

Malaysia Automotive Institute

Eng Hing Plastic Industries Sdn Bhd

Mapo Industries Sdn Bhd

Enge Plas Automation Sdn Bhd

Masfloor Sdn Bhd

Euro SME Sdn Bhd

M-Come Plastic Manufacture Sdn Bhd

Everyday Brush Industries (M) Sdn Bhd

Medicompounds Manufacturing Sdn Bhd

FA Concept Design & Build

Merit Industries Sdn Bhd

Golden Pet Industries Sdn Bhd

MHT Manufacturing Sdn Bhd

Grand Elastomers Specialist Sdn Bhd

MPI Polyester Industries Sdn Bhd

Great Wall Plastic Industries Berhad

Naza Bikes

Guppy Plastic Industries Sdn Bhd

Nestle (Malaysia) Berhad

Helio Plastic Industries Sdn Bhd

Nylex (Malaysia) Bhd

Hond Tat Industries Sdn Bhd

Omya Asia Pacific Sdn Bhd

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ChemOrbis Events

140

Paling Industries Sdn Bhd

Simfoni Cekap Sdn Bhd

Perfect Plastic Sdn Bhd

Simply Packaging Sdn Bhd

Perodua Manufacturing Sdn Bhd

Sinliplas Holding Sdn Bhd

Perusahaan Chew Hur Sdn Bhd

Sinplast Enterprise Sdn Bhd

Perusahaan Jaya Plastik (M) Sdn Bhd

Sonyu Plastic Industries Sdn Bhd

Perusahaan Kimia Gemilang Sdn Bhd

S-Plas Machinery Sdn Bhd

Perusahaan Otomobil Nasional Sdn Bhd (Proton

Stenta Films (M) Sdn Bhd

Sdn Bhd)

Styrene Foam Sdn Bhd

PETRONAS Chemicals Group Berhad

Sudi Laju Sdn Bhd

Petronas Chemicals Marketing Sdn Bhd

Sumima Sdn Bhd

Petronas Petroleum Management Unit

Sunsui Plastic Industries Sdn Bhd

Plasland Marketing Sdn Bhd

Syarikat Cheang Kee Plastic

Plastflute Industries Sdn Bhd

Synplastic Industries Sdn Bhd

Plastic Centre Sdn Bhd

Tai Seng (Muar) Sdn Bhd

Plastics and Rubber Asia (PRA)

Taiko Drum Industries Sdn Bhd

Plasticycle Industries Sdn Bhd

Tauplene Industries Sdn Bhd

Plastik V Sdn Bhd

Teong Chuan Plastic (M) Sdn Bhd

Polysplit Industries Sdn Bhd

Teong Kim Plastic Industries Sdn Bhd

Poly-Yarn Industries Sdn Bhd

THM Plastic Industries Sdn Bhd

PP Products Sdn Bhd

Thong Guan Plastic & Paper Industries Sdn Bhd

Qatar Petrochemical Company Ltd (QAPCO) -

Tionale Industries Sdn.Bhd

Malaysia Representative Off

Titan Petchem (M) Sdn Bhd

Ralco Plastic Sdn Bhd

Titan Trading Corp. Ltd

Rieckermann (Malaysia) Sdn Bhd

Toling Corporation (M) Sdn Bhd

Rublelon Marketing Sdn Bhd

Tomher Industrial Sdn Bhd

San Hiap Plastic Trading & Manufacturing Sdn

Toyo Ink Sdn Bhd

Bhd

Transways Logistics (M) Sdn Bhd

Scientex Packaging Film Sdn Bhd

Trinity Greenworld (M) Sdn Bhd

Seacera Polyfilms Sdn Bhd

Tufbond Technologies Sdn Bhd

Seacorp Sdn Bhd

Various Resources (M) Sdn Bhd

See Hau Global Sdn Bhd

VISKO Industries Sdn Bhd

Sekoplas Industries Sdn Bhd

Viscount Plastics (Malaysia) Sdn Bhd

Sheng Foong Plastic Industries Sdn Bhd

Wanpow Plastic Industries Sdn Bhd

Silver Poly Sdn Bhd

Wei Tu Sdn Bhd

Italian Plastics Industry

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UAE

Weida Integrated Industries Sdn Bhd

TCR (Singapore) Pte Ltd

Wilson & York Global Advisers Sdn Bhd

Total Petrochemicals South East Asia Pte Ltd

Israni Colour Chemicals (LLC)

Win Smith Packaging Sdn Bhd

Tricoplus International

Versons Group of Companies

Worldwide Resins & Chemicals Sdn Bhd WT Plastic Products Sdn Bhd Yang Ming Line (M) Sdn Bhd Philippines

USA

Taiwan A&B Chemical Corporation

Global Polyolefin Solutions, Townsend Solutions

Formosa Plastics Corporation

ICD America LLC

Jampoo Union Corp

IHS Global Insight

Astrobag Manufacturing Corp Eastone Industrial & Development Corp

Vietnam

Thailand

Hantex Trading Company, Inc

HMC Polymers Co Ltd

C-Chem Representative Office

JR Plastic Manufacturing Corporation

King Pac Industrial Co Ltd

Danang Chemical and Electrical Material Joint

Neltex Development Company Inc

Krungthai Plaspack Co, Ltd

Stocks Company

Sencar Industrial Corp

Lubric Precision Co Ltd

Ha Viet Import Export Joint Stock Company

Unibag Manufacturing Corporation

MMP Corporation Ltd

Ly Xuan Lan Plastic Co Ltd

Nexant Asia Ltd

OPEC Plastics

P. P. Packaging Co Ltd

Petroleum Industrial Material Distribution

Borouge Pte Ltd

Prowell Enterprise Co Ltd

Company (PIMD)

Braskem Singapore Office

SKJ Industries Company Limited

Phu My Plastics & Chemical Co, Ltd

Chevron Phillips Chemicals Asia Pte Ltd

Synergy Plaschem Co, Ltd

Rkw Lotus Ltd

CWT Limited

Thai Plastic Bags Industries Co Ltd

Tan Viet Quang JSC

Gama Petrochemicals Pte Ltd

Vava Pack Co Ltd

Tien Hung Trading Corporation

Singapore

Koepcke Food (Asia) Pte Ltd Krishn-Aks Global Pte Ltd

Turkey

Kwong Yu Industries (S) Pte Ltd

Active Kimya Makina San. Ve Tic. A.Þ

Linivin Chemlon Pte Ltd

ARCELIK A.S.

Megastrike International Pte Ltd

Arkem Kimya San.ve Tic.A.Þ.

Noble Resources International Pte Ltd

Dizayn Teknik Plastik Boru Ve Elemanlari San ve

Pallets Asia Pte Ltd

Tic A.S.

Planet Asia Pte Ltd

Naksan Plastik San. Ve Tic .A.S.

Sabic Asia Pacific Pte Ltd

PENTHOL

Schenck Process GmbH (Singapore)

SAY POLYMERS B.V.

Sinochem Trading (Singapore) Pte Ltd

Teris Kimyevi Maddeler Tic Ve San A.S.

Sumitomo Chemical Asia Pte Ltd

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143

ChemOrbis Events

2012 Events May 7, 2012 2nd ChemOrbis Polymer Insights Meeting Milanofiori Congress Centre, NH Milanofiori - Italy

More than 150 participants attended the 2nd ChemOrbis Polymer Insights meeting in Italy.

Event Sponsors

Medsa Sponsors

144

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145

ChemOrbis Events

2nd ChemOrbis Polymer Insights Meeting Participants List Italcomp Srl

Germany A. SCHULMAN GmbH

ITALPASTICA Srl

Kemia Trading

KATOEN NATIE ITALIA Srl LAMPLAST

France Alfatherm SpA

LyondellBasell

ARKEMA (ORA Kem One)

MAG.MA SpA

Kemia Trading

Mainetti SpA Manuli Stretch SpA

Spain A. SCHULMAN PLASTICS S.L.

Microcell Srl

VERSALIS

Mobe International Moplast Industriale SpA

Italy

146

A. SCHULMAN PLASTICS SpA

Mossi & Ghisolfi

A. SCHULMAN SAS

NAR SpA

a.b.m. Italia S.p.A.

NOVAPET

A.D. COMPOUND SpA

PAIF

ATEX Srl

PAS PLASTICA ALTO SELE

BOREALIS

Plast.Com

Bormioli Rocco e Figlio SpA

PLASTISAVIO SpA

BRENNTAG SpA

PM Chemicals

CAMPANINI UGO SpA

PRIMPEX SpA

COEM SpA

RENOLIT GOR SpA

Colortec

Repsol Quimica SA

Costruzioni Meccaniche Luigi Bandera SpA

RPC COBELPLAST MONTONATE

Dynasol Elastomers SA

Sealed Air

Ecoplastica Srl

SEWS CABIND SpA

Electrolux Home Products Italy SpA

SIMAP Srl

F2M Consulting Srl

Sirsa SpA

FAGGYTT ITALIA SRL

Sitech Srl

FILATI MERIDIONALI Srl

SO.F.TER. SpA

GOGLIO SpA

STIR SpA

IIFF

Styrolution

IMI FABI SpA

TENAX SpA

Ineos ChlorVinyls

Treofan Italy

Intermodaltrasporti

TREPACK SRL

Interpolimeri

TRICON ENERGY INC.

IPC Impact Plastic Compounds GmbH

Versalis

Isa Srl

VIBAC SpA

Italcom Srl

WHIRLPOOL EUROPE Srl

Italian Plastics Industry

Almanac 2012

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ChemOrbis

ChemOrbis Events

2012 Events September 17, 2012 1. ChemOrbis Turkey Annual Meeting Hilton Convention Center Â&#x2013; Istanbul

More than 300 participants from 26 countries attended the fitst ChemOrbis Turkey Annual Event held in Istanbul.

Event Sponsors

Media Sponsor

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ChemOrbis Events

1. ChemOrbis Turkey Annual Meeting Participants List Algeria

Netherlands

Boykan Gümrük Müþavirligi Ltd. Þti.

Ýlhan Plastik Sanayi ve Tic. Ltd. Þti.

ChemPartners

Cana Pls. Kim. Mad. Teks. Mad. Yað. Tur.

Ýnan Plastik Makinalarý San. Ve Tic. Ltd. Þti.

Greif

Ýnþ.San.Tic.Ltd. Þti

Karex Polymers & Petrochemicals Ltd.

Say Polymers B.V.

Cms Concept Plastik Ambalaj Tekstil San. Tic.

Kempro Kimyasal Mad. Ve Dýþ.Tic.Ltd.

A.Þ.

Koluman Plastik Ýthalat Ýhracat San. Tic. Ltd. Þti.

Constab Middle East Polimer A.Þ.

Kompen A.Þ.

Deka Elektroteknik Sanayi Ve Ticaret A.Þ.

Korozo Ambalaj San. Ve Tic. A.Þ.

Dereli Dýþ Ticaret Ltd. Þti.

Köksan PET ve Plastik Amb. San. ve Tic. A.Þ.

Dow Chemicals

Ktm Polimer Kim. Mad. Amb. Nak. Dep. San.

Dow Türkiye Kimya Sanayi Ve Tic. Ltd. Þti.

Ve Tic. A.Þ.

E Polimer Plastik Boya Kimya San. Tic. A.Þ.

LG International Corp . Istanbul Office

Egeplast Ege Plastik Tic. Ve San. A.Þ.

Lyondell Basell Turkey

Elastron Kimya Sanayi ve Ticaret A.Þ.

Malatya Sent. Cvl. Dkm. Gýd. San Ve Týc Ltd.Þti.

Elita Gida - SUNAR GRUP

Markem

Emaþ Plastik Sanayi ve Ticaret A.Þ.

Marubeni Corporation, Istanbul Main Branch

Abdioðullarý Plastik ve Ambalaj San. A.Þ

Enerji Petrol Gaz

Meltem Kimya Tekstil San. Ýth. Ýhr. ve Tic. Ltd.

AccessTurkey Capital Group

Engel Enjeksiyon Makineleri Tic. Ltd. Þti.

Þti.

Acran Boðaziçi Kimya A.Þ.

Erçakar Plastik Dýþ.Tic. A.Þ.

MFC Commodities A Member of the MFC Group

Active Distribution Polimer Ltd.Þti.

Erçakarlar Plastik

Mir Teknoloji Holding (Dizayn Grup)

Akdeniz Kimya Sanayi Ve Ticaret A.Þ

Esen Plastik San. Ve Tic.A.Þ.

MKS Marmara Entegre Kimya Sanayi A.Þ.

Alýþan Uluslararasý Taþýmacýlýk

Eskapet Pet Ürünleri Ltd. Þti.

Mts Lojistik ve Taþýmacýlýk Hizmetleri Tic. A.Þ.

Alkem Teknik Hizmet Ltd. Þti.

Evci Plastik San. Ve Tic. Ltd. Þti.

MTS Uluslararasý Taþýmacýlýk ve Tic. A.Þ.

Basix S.p.A

Ansa Ambalaj San. ve Tic. A.Þ.

Farmamak Amb. Mad. Ve Amb. Mak. San. Ve

Naksan Holding

Mobe International S.R.L.

Arçelik A.Þ

Tic. A.Þ.

Nepa-Kol Plas. Kim. Madd. Petrol Ve Tur. Tic.

Nord Color S.p.A

Arkem Kimya San.Ve Tic.A.Þ.

Fatih Plastik Ve Kimya San. Tic. Ýlhan Kalem

Ltd. Þti.

Sipet Makina Ve Kimya Tic. A.Þ.

Artenius Türkpet Kim. Mad.Ve Pet

Fiva Plastik San. Ve Tic. Ltd. Þti.

Novaplast Plastik Sanayi Ve Ticaret A.Þ.

Amb.Malz.San.A.Þ.

Flashpen Plastik A.Þ.

Oxyde Chemicals, Inc Türkiye Ýrtibat Ofisi

Aschem

Ford Otosan

Özdal Tekstil ve Çuval San. Ve Tic. A.Þ.

Asel Petrokimya San. Ve Tic. Ltd. Þti

Gema Polimer Plastik Ürünleri San. Ve Tic. A.Þ.

PAGDER

Bareks Film Ekstrüzyon San. Tic. A.Þ.

Green and Black Marine Logistics

PAGEV

Basýn

Huzur Pls. Kim.Mad.Ith.Ihr.San. Ve Tic. Ltd. Þti.

Pakpen Plastik Boru Ve Yapý Elm. San. Ve Tic.

Bayegan Dýþ Tic. A.Þ.

Icc Trading Inc. U.S.A.

A.Þ.

Bericap Kapak San A.Þ

IKEA Diþ Ticaret Ltd. Þti.

Paneks Polymers Chemicals Industry @Trade

Borealis A.G. Türkiye Þubesi

Interbulk

Ltd. Co.

SARL Bavely Austria MFC Commodities, Austria Belgium

Poland

Chevron Phillips Chemicals International Nv Ravago Group Europe

Russian Federation

China

Quest International Trading S.A.

Bay Chemicals Trading Co.,Ltd Sunway Investment Holdings Corp. Germany IHS Chemical

Advanced Petrochemical Company Novapet Thailand

Greece

Nexant Asia Ltd.

Pentaplast

Turkey

Hungary BorsodChem Zrt India AVI Global Plast Pvt. Ltd. Iran Golriz Polymer Qom Italy

Korea SK Global Chemical Lebanon Polymer Process Industries - Ppi Lybia Aleiwan Holding Group Morocco Ines

Italian Plastics Industry

Saudi Arabia Spain

Aleiwan Holding Group + SDZ

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151

ChemOrbis Events

Paþabahçe Cam Sanayi Ve Tic. A.Þ.

Taþkim Pls. Metal Ve Kimya Ürunleri San. Tic.

Penthol C.V

Ltd. Þti.

Petkim Petrokimya Holding A.Þ.

Tekinplast Plastik Tic. Ltd. Þti.

Petrochemical Commercial Co. Turkey Office

Teknopet Plastic Prod. and PET Pack. Corp.

Petrokem Polimer Ve Kimya Tic. A.Þ.

Teriþ Kimyevi Maddeler Tic. Ve San. A.Þ.

Petromar Trading

Tetaþ Ýç ve Dýþ Tic. A.Þ.

Pidok Plastik ve Ýplik Dokuma San. Tic. Ltd. Þti.

TOSAF

Pimaþ Plastik Ýnþaat Malzemeleri A.Þ.

Total Petrochemicals, Petrofina S.A. Turkey

Plasmar Plastik Ve Kimya San. Ve Dýþ Tic. A.Þ

Branch

Plaspak Kimya Sanayi Ve Ticaret Ltd. Þti.

Traside Impeks Dýþ.Tic.Ltd.

Polibak Plastik Film San. ve Tic. A.Þ.

Tresol Kimya Dýþ Tic.Ltd. Þti.

Polimeras Pls. Enerji San. Ve Tic. Ltd.Þti.

Tricon Energy Türkiye

Polimeri Europa Turkey

Uður Plastik PVC Amb.Teks. San. Tic. Ltd. Þti.

Polinas Plastik San. Ve Tic. A.Þ.

Ultra Polymers Turkey

Polydist Tky Sanayi Ve Ticaret A.Þ.

Ulu Polimer Petrokimya San. Ve Tic. Ltd. Þti.

PolyOne Tekno Polimer Müh. Plas.San. Ve Tic.

UR-SA Plastik Ambalaj ve Tekstil Ltd. Þti.

A.Þ.

Ünal Sentetik Dokuma San. Ve Tic. A.Þ.

Polystan Polimer Sanayi Ve Dýþ Tic. Ltd. Þti.

Vestel Beyaz Eþya San. Ve Tic. A.Þ.

Quest Energy Ltd.

Vinmar Turkey

Rdm Ýç Ve Dýþ Tic. Ltd Þti.

Yantaþ Yavuzlar Plastik San. Ve Tic. A.Þ.

Recydia A.Þ.

Yapkim Yavuzlar Plastik ve Kimya San. Tic. A.Þ.

Reliance Industries Limited

Zeugma Pls. Kimya iç ve Dýþ Tic. A.Þ

Resinex - Bmy Plastik Kimya San. Tic. A.Þ.

UAE

Rimpeks Mümessillik Ýç Ve Dýþ Tic. A.Þ.

Green Star Polymer

Samsung C&T Corporation

Israni Colour Chemicals (LLC)

Sebak Dýþ Tic Ltd Þti.

NCT Middle East FZE

Sem Plastik San. Ve Tic. A.Þ.

Rakha Al-Khaleej Int. LLC

Serenay Ambalaj San Tic Ltd. Þti. Silco Dýþ Tic. Ltd Þti.

United Kingdom Sanders Polyfilms Ltd.

Socar Turkey Enerji A.Þ

USA

Starflot Plastik Dýþ. Tic. A.Þ.

Continental Kimya San. Ve Dýþ Tic. A.Þ

Sumitomo Chemical Europe N.V. Turkey Liaison

Procurian

Office

Tricon Energy US

Sumitomo Corporation Dýþ Ticaret A.Þ

Vinmar International Ltd.

Süperfilm Ambalaj San Ve Tic. A.Þ.

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ChemOrbis

ChemOrbis Mark your calenders! Do not miss ChemOrbis 2nd Turkey Annual Event which will be held on September 11, 2013.

For more information regarding registration and sponsorship opportunities, please visit turkey.chemorbisevents.com.

turkey.chemorbisevents.com Event Sponsors

Services Media Sponsor

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About ChemOrbis

ChemOrbis is a global business network serving the plastics industry since 2001.

Global Plastics Community 61,500+ Members >

Geographical breakdown of ChemOrbis members

1% ROW 3% Middle East 32% Asia

8% Indian Subcontinent

9% Turkey

27% Europe 20% Americas As of March 2013

ChemOrbis members are real and active players operating in the plastics industry.

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ChemOrbis

About ChemOrbis

Refined Member Base >

Global & In-depth Coverage

Breakdown of ChemOrbis members by business type

65%

PLASTIC END PRODUCT MANUFACTURERS

24%

OTHER* (Masterbatch producers, recyclers, compounders, etc.)

10%

POLYMER TRADERS/DISTRIBUTORS

POLYMER MANUFACTURERS

Italian Plastics Industry

Almanac 2012

www.chemorbis.com

CHINA

TURKEY

ITALY

EGYPT

SOUTHEAST ASIA

INDIA

RUSSIA & CIS

NORTHWEST EUROPE

AMERICAS

AFRICA & MIDDLE EAST

ChemOrbis Product Coverage

PVC

PET

ABS

All commodity polymers in key spot markets driving supply and demand are covered by ChemOrbis.

Feedstocks Monomers*

*Polymer producers, traders/distributors, and plastic end product manufacturers as well as suppliers of all other goods and services relevant to the plastics industry such as machinery and equipment manufacturers, logistics companies, freight forwarders and other professional service providers make up the ChemOrbis membership base.

158

ChemOrbis Market Coverage

* Crude Oil, Naphtha, Ethylene, Propylene, VCM and Styrene.

ChemOrbis

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ChemOrbis Services

ChemOrbis Services Market Information

Analysis Tools

Plastics Community Industrial Publications

Trading Platforms

Market Information

Analysis Tools

Get notified of the opportunities and threats, source and sell at the right time

Access ChemOrbis price data, analyze and compare markets

Trading Platforms

Events

Reach global and refined community, buy/sell more efficiently

Find out about the latest market trends, meet new business partners

Industrial Publications

Get an annual summary of the polymer industry in key markets

Promote your business and strengthen your brand image

Events

ChemOrbis offers you everthing you need for a profitable business.

160

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ChemOrbis Services

Market Information Get notified of the opportunities and threats, source and sell at the right time

ChemOrbis Market Intelligence Sections

DAILY PRICES Check daily updated polymer prices WEEKLY ANALYSIS Read weekly analysis of current developments

By following ChemOrbis Market Intelligence,

PLASTICS NEWS Track price announcements and price changes and news affecting supply and demand as well as daily NYMEX settlements

decide when to buy or sell determine future price direction and increase your negotiation power forecast the supply/demand balance gain a background in the issues affecting the industry

PRODUCTION NEWS Follow maintenance, shutdown and new capacity additions MONOMERS Find out about monomer markets IMPORT STATISTICS Access full import data and graphics for various markets PRODUCER PRICES Learn about producers price changes as they are reported

ChemOrbis team gets in touch with companies from all segments to deliver true prices and market analysis.

Rich Price Archive

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5,000+

Unique info source

www.chemorbis.com

250,000+ Price reports

ChemOrbis

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ChemOrbis Services

Analysis Tools Access ChemOrbis price data, analyze and compare markets >

ChemOrbis Price Wizard

600

12-25

12-50

700

12-45

12-40

800

12-35

100

12-30

900

12-20

110

12-15

1,000

12-10

120

12-05

1,100

11-52

130

USD / bbl

1,200

Analysis Tools

GLOBAL PRICE TABLE Follow constantly updated polymer price levels and changes from a single table, compare prices at different markets. PRICE INDEX Use ChemOrbis price archive to make profitable trading decisions and benchmark your contracts.

www.chemorbis.com

USD / mTon

PRICE WIZARD Graph any combination of polymer prices across regions of the world, across polymers and even by local and import markets.

EXPORT PRICES Track export prices of major exporting countries/regions as well as freight rates from these countries/regions to popular destinations. NETBACK ANALYSIS Find out which territory offers the best netback for a certain product and origin. STATISTICS WIZARD Graph import and export polymer (PE, PP, PVC, PS, ABS, PET) trade statistics for Turkey, Italy and China.

Â&#x2022; ChemOrbis Charts: Access charts created by ChemOrbis highlighting the latest important market developments. Â&#x2022; My Charts: View your favorite charts created using Price Wizard.

Week No Crude Oil / Nymex

Naphtha / CFR-Japan

Naphtha / CIF-NWE

Created by ChemOrbis Price Wizard.

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ChemOrbis Services

Trading Tools Reach global and refined community, buy/sell more efficiently

Number of trading leads generated by ChemOrbis members

> 900000 800000 700000 600000 500000 400000 300000 200000 100000 0

2004

2005

2006

2007

2008

2009

2010

2011

2012

With ChemOrbis Trading Tools

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ChemOrbis

introduce your company to a world-wide clientele in just seconds find new potential customers streamline your sales & purchasing channels get notified of prevailing price trends and attain competitive prices

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167

Events

Find out about the latest market trends, meet new business partners

World s major polymer/plastics producers, traders, distributors Top management and corporate executives from the industry worldwide Presentations on global markets from professionals in the industry

with ChemOrbis

168

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Events

More than 300 participants attended the

A total of 1500 participants attended the ChemOrbis Asia Meetings held in;

ChemOrbis Turkey Annual Event held in Istanbul in 2012.

Kuala Lumpur (2012), Singapore (2011) and Jakarta (2010)

A total of 500 participants attended the ChemOrbis Polymer Insights meetings held in

Milan in 2011 and 2012.

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ChemOrbis

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Publications

Industrial Publications

Get an overview of the plastics industry with ChemOrbis Almanacs >

ChemOrbis Almanac

ChemOrbis Plastics Industry Almanac contains valuable price data serving as a permanent historical benchmark;

Â&#x2022; Overview of Global Polymer Markets Â&#x2022; Local Market Reviews - import statistics - price graphs - price indexes for PP, PE, PVC, PS, PET and ABS

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ChemOrbis

Promote your business and strengthen your brand image

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a d v e r t i s i n g with ChemOrbis

174

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Advertising with ChemOrbis >

Advertising on Almanacs

ChemOrbis Plastics Industry Almanacs

Advertising on the Website

60,000+ Monthly Visits Visitors Overview

Jan 1, 2012 - Dec 31, 2012

Print Run

Language

Turkey

5,000

Turkish English (*)

Italy

5,000

Italian English (*)

Asia (China, Southeast Asia and India)

5,000

English

Egypt

2,000

Arabic English (*)

Visits: 718.932 Unique Visitors: 357.073 Pageviews: 2.021.172

42% Returning Visitors 58% New Visitor

(*) Only digital version is available.

*Source: Google Analytics

free

Distributed of charge to ChemOrbis members.

Advertising on Emails

91,500+ users as of March 2013 > Asia 32,372

Almanac 2012 Advertising Options ½ Page

Front Cover Inside

1 Page

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Turkey 8,682

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Product Sponsorship

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Decision makers Available in English, Italian, Turkish and Arabic language 1.5 Million Emails per month

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ChemOrbis CONNECTING MARKETS

For pricing and other details please contact the nearest ChemOrbis office.

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Member Views

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Read what ChemOrbis members are saying

Networking and Marketing at Events

ChemOrbis Events bring key players from all around the globe and offer unparalleled networking and marketing opportunities such as;

We are able track customers' demand both in local and foreign markets through RFPs created on ChemOrbis. Hayati Öztürk, Board Member PETKÝM PETROKÝMYA

ChemOrbis is the most important and indispensable information source I turn to when buying and selling material.

Event Sponsorship Gala Dinner Sponsorship

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ChemOrbis is well connected to the key people in the business.

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Advertorial Video Sponsorship Customs Clearance & Advisory Sponsorship Logistics & Surveillance Sponsorship

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Coffee Break Sponsorship Name-Badge Lanyards Sponsorship

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I check ChemOrbis once in the morning, once in the afternoon and once in the evening. Kind of like once after each meal Nuri Altýnok, General Manager TOTAL PETROCHEMICALS

State of the art tool to improve business efficiency, find contacts to make deals possible. Henry Roth, CEO RAI UAE

For pricing and other details please contact the nearest ChemOrbis office.

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Member Views

When people call us out of the blue saying they want to meet us, buy materials from us, sell products...We ask them how they found us and ChemOrbis is usually the answer.

Süheyl Konuksay, CEO YAPKIM

We use the information from other ChemOrbis offices which are strategically located in important emerging markets. This is a great advantage for us. Cemil Çakar, General Manager KAREX

When I weigh the cost of ChemOrbis membership against the benefits, I can confidently say that it is my most profitable investment. Cemal Pamuk, Company Owner NEPA-KOL PLASTÝK

Helped us to create alternative sourcing channels. Haluk Coþkun, Purchasing Manager BTM

I would say if I had to give a mathematical evaluation rating from 1 to 10 certainly I would give ChemOrbis a score of not less than 9. Joao Paulo de Sousa , Marketing Intelligence Manager VERSALIS

I attended a conference 3 years ago in Dubai and when I exchanged business cards with someone, he looked at me and said, I know you from ChemOrbis. I ve seen your logo there.

Cengiz Þimþek, General Mananger PENTHOL

We advertised on ChemOrbis so that we can reach more markets and be more exposed to markets including Italy, USA, Turkey. Christine Ong, Manager A&B CHEMICAL TAIWAN

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ChemOrbis

Member Views

Company Directory We had a banner campaign valid for one year and our web site visits increased by at least 30%. Federica Cirinei, General Manager EP ENERGIE PLASTICHE GROUP

ChemOrbis is continously adding new suppliers to its member base on a global scale. This creates a great advantage to find new foreign suppliers.

Mehmet Altunkýlýç, General Manager PLASMAR

We also regularly use ChemOrbis trading tools. Sometimes we receive so many returns that we get overwhelmed. These RFPs not only help us to sell our products but also act as an advertising channel. It s great to be able to reach hundreds of customers at once.

Özdemir Þensöz,Purchasing Director ARKEM KÝMYA SAN. VE TÝC. A.Þ.

I can read it from my mobile so it s very convenient for me. Xue Hong Wu, Managing Director SINOCHEM TRADING (SINGAPORE) PTE LTD

The only website we have to track for the day. Tiger Vu, Genel Direktör TAN VIET QUANG JSC

A lot of companies contacted us saying "I got your phone number and company information from your banner on ChemOrbis. After several advertisements...I'm certainly up for another because I clearly saw the benefits."

Timur Gümüþtekin, Partner TEKÝNPLAST

I doubt there is any other place that you can find so many suppliers in such a secure environment.

ChemOrbis

Ergün Çiçekçi, General Manager EGE PROFÝL

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Company Directory

Product Sponsors Product

Company

Web/Tel/Fax/Email

Gazechim Plastics Italia

www.gazechim.com via Terracciani 15/17/19 Tel: +39 0289200280 20089 Rozzano (MI) Fax: +39 0289200283 Italia mario.giuliani@gazechim.com

www.solvay.com Tel: +39 0532789411 Fax: +39 0532789630 paolo.groppi@solvay.com

PVC

PET

Solvay Solvin

Address

Page

via G.Marconi 73 44122 Ferrara (FE) Italia

Continental Industries Group, Inc.

www.continentalkimya.com Tel: +90 212 296 8888 Fax: +90 212 296 2428 Email: cigtr@cigtr.com

Cumhuriyet Caddesi Dag Apt. No.34 - 34368 Elmadag, Istanbul, Turkey

M&G Polimeri Italia S.p.A.

www.gruppomg.com Tel: +39 02 82273.1 Fax: +39 02 82273314 marilena.grecchi@ gruppomg.com

Centro Direzionale Milanofiori Strada 4 - Palazzo A6 20090 Assago (MI) Italia

119

Advertisers Company

Web/Tel/Fax/Email

A. Schulman Plastics Srl

www.aschulman.com Via Baragiola 6 Tel: +39 0331 60741 21050 Gorla Maggiore (VA) Fax: +39 0331 366340 Italia aschulman@it.aschulman.com

153

www.assocomaplast.org Tel: +39 02 8228371 Fax: +39 02 57512490 info@assocomaplast.org

173

Assocomaplast

Bertolini Vinyls and Rubber S.r.l

Brenntag S.p.A.

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Address

Via Zago 2/2 40128 Bologna (BO) Italia

www.brenntag.it Tel: +39 02 483330 Fax: +39 02 48 333 204 infobrenntag@brenntag.it

Via Cusago 150/4 20153 Milano Italia

www.chemorbis.com

Web/Tel/Fax/Email

Eper Srl

www.eper.it Via Papa Giovanni XXIII, 206 Tel: +39 0429 844434 35040 Merlara (PD) Fax: +39 0429 844443 Italia info@eper.it + info@pec.eper.it

ILPA srl divisione Mp3

www.ilpa-mp3.com Tel: +39 051 6715811 Fax: +39 051 6715907 info@ilpa-mp3.com

Via Muzza Spadetta 36, 40053 Bazzano (BO) Italia

Moel Srl

www.moelsrl.it Tel: +39 0571 671661 Fax: +39 0571 671636 info@moelsrl.it

Via del Virginio 252 50025 Montespertoli (FI) Italia

Santian Trading SA

www.santian-trading.com Piazza Indipendenza 3 Tel: +39 347 112 44 07 6830 Chiasso - Svizzera, Italia Fax: +41 79 57 91 215 commerciale.santian@gmail.com

157

SB Plastics Machinery

www.sbplastics.it Tel: +39 0498843047 Fax: +39 0498843604 sb@sbplastics.it

via G. Marconi, 42 35010 Villanova di Camposampietro (PD) Italia

141

SGC Grecu Consulting

www.grecuconsulting.com Tel: +39 0321 398648 info@grecuconsulting.com

viale Buonarroti 10 28100 Novara (NO) Italia

181

Simap Srl

www.simapsrl.com Tel: +39 035 761067 Fax: +39 035 774835 abramo@simapsrl.com

Via Mazzini 2H 24021 Albino (BG) Italia

Takýmsan Ltd.Þti.

www.takimsan.com Tel: +90 212 798 21 33 Fax: +90 212 798 23 09 satis@takimsan.com

Kos-Kop Sanayi Sitesi Mýsýr Sk. No.12 Omerli Mevkii Hadimköy, Istanbul, Turkey

Versalis S.p.A.

www.versalis.eni.com Tel: +39 02 5201 Fax: +39 02 52032575 info@versalis.eni.com

Piazza Boldrini, 1 20097 San Donato Milanese (MI) Italia

Page

Contact your

Centro Direzionale Milanofiori Palazzo F3 CP 124 (line below) 20090 Assago (MI) Italia

www.bertolinispa.it Tel: +39 051 4153911 Fax: +39 051 361837 info@bertolinispa.it

Company

ChemOrbis sales representative now to reserve your place on Almanac

Rear Cover Inside

2013!

Address

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3 Bookmark

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Front Cover Inside

ALMANAC 2013 Advertisement Fees Product Sponsorship (Logo on the cover +3 pages) Bookmark Front Cover Inside (2 Pages) Rear Cover Inside (2 Pages) Prestige (4 pages Within the first 100) Prestige (4 pages Within the last 100 pages) 1 Full Page (1st half within the first 100 pages) 1 Full Page (2nd half within the last 100 pages) ½ Page (1st half within the first 100 pages) ½ Page (2nd half within the last 100 pages)

$ 15.000 $ 15.000 $ 15.000 $ 10.000 $ 5.000 $ 3.750 $ 2.000 $ 1.500 $ 1.000 $ 750 VAT is not included.

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Moscow Milano

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