argus fmb sulphur · 9/13/2012 · today 13 september, transfert’s mv zhong shan men arrives in...

Copyright © 2012 Argus Media Ltd

Argus FMB SulphurFormerly FMB Weekly Sulphur Report

Issue 12-37 | Thursday 13 September 2012

price guideMArKeT SuMMArY

china market softens further

There were fresh concerns of further weakening in the critical China market this week. Poor prospects for phosphate fertilizers in China has led to increased caution, and unenthusiastic buyers have dropped their ideas closer to $200/t cfr China ports, with reports circulating of a distress sale already made at $195/t cfr. Sinopec dropped domestic prices once again. Developments in this market are being watched closely by international suppliers in advance of Q4 price negotiations. This week’s highlights

▪ China sulphur market sliding with domestic fertilizer

market facing over-supply

▪ Rumours of distress sale by trader at $195/t cfr China

▪ Sinopec makes new round of domestic price cuts

▪ Allocation holders looking for $175-180/t fob for Q4

based on deteriorating China situation

▪ GCT/Tunisia offered 25,000t spot granular cargo at

$195/t cfr

▪ Middle East producers acknowledging Q3 levels will be

corrected down from $195-200/t fob for Q4 but too early for

An Argus Media companyView the methodology used to assess sulphur prices at

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Argus FMB Sulphur

FMB sulphur & sulphuric acid price guide ($/t)

contract Spot

Sulphur dry bulk

Fob Vancouver 2H 2012 185-200 175-185

Fob Vancouver Q3-2012 185-210 175-185

Fob Middle East* 2H 2012 175-180 175-180

Fob Middle East* Q3-2012 185-203 175-180

Fob Adnoc posted Aug 2012 190

Fob Iran 170-175

Fob Black Sea (lump-gran) Q3-2012 170-185 145-175

Fob US Gulf Q3-2012 180-185

Fob Caribbean (under 15 k) 160-170

Cfr Brazil Q3-2012 205-215 208-210

Cfr Med (under 10 k) 2H 2012 100-130 125-140

Cfr N Africa (all sizes) 2H 2012 210 170-190

Cfr N Africa (all sizes) Q3-2012 185-210 170-190

Cfr India 210-215

Cfr China Q3-2012 200-210 200-210

*excluding Iran

Sulphur - molten

Cfr Tampa/C Fla (l.t.) Q3-2012 170

Cfr Benelux (loc refs) Q3-2012 208-220

Cpt NW Europe Q3-2012 240-260

Sulphuric acid

Cfr NW Eur (smelters), €/t 2H 2012 70-80

Cfr NW Eur (smelters), €/t Q3-2012 70-80

Cfr Brazil 100-105

Cpt = ‘carriage paid to’ for sulphur delivered by Roadtankcar

*** indicative price

020406080

100120140160180200220240260

Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 July

fob Vancouver fob Middle East cfr China

Weakness in China market putting renewed downward pressure on cfr sulphur prices.

Sulphur SpoT price coMpAriSon ($/pt fob bulk)

Copyright © 2012 Argus Media Ltd of 9

Argus FMB Sulphur Issue 12-37 | Thursday 13 September 2012

numbers

▪ Swiss sells to MMTC/SAIL at $215.30/t cfr

▪ New Reliance/India export online tender held for

October loading - low response

▪ Interacid sells Med cargo to Uruguay

▪ TCO/Kazakh spot tender awarded to Oxbow

▪ Austrofin expected to lose 50-70,000t per month in

Nov and Dec due to turnaround, while warning rail wagons shortage will return in winter months

▪ Brazil authorities stop two vessels discharging in Termag

terminal/Santos due to H2S emissions

▪ Anglo American (Copebras) buys spot cargo from Trammo

at close to $205/t cfr for Oct arrival

ASiA

chinaSuppliers to the China market report buyers are steadily lowering their prices ideas as more information indicates the domestic phosphate fertilizer is heading for over-supply, with flat fertilizer prices and less demand for sulphur. Buyer price ideas for new purchases dropped in the last week to $200-205/t cfr and since then there has been a report of a

spot sale by a Japanese trader into China at $195/t cfr. In the domestic sulphur market Sinopec again posted a range of domestic price cuts.

As reported last week high phosphate fertilizer production in China combined with a forecasted drop in exports by one million t of DAP in the export window suggests there are already high volumes of finished fertilizer already produced for the autumn domestic market. Some small and medium sized fertilizer companies are expected to close operation due to domestic demand being too thin. There are reports that Chinese phosphate producers are trying to get the fertilizer export window extended for an additional month.

Sulphur end-users are unenthusiastic going forward and in a meeting held in China this week the overall consensus was that sulphur prices were likely to drop below $190/t cfr shortly. End-users are under little pressure to buy and will only pick up cargoes if a low bargain price is sufficiently attractive. One factor which will impact on prices will be whether China Oil decides to hold or dispose of the large volume of Middle East sulphur brought in during Q3.

On weak buying sentiment Sinopec implemented further price cuts throughout China this week ranging between RMB 30-60/t. This followed a reduction of RMB 70/t the week before. The Puguang Gas Plant ex-works price was reduced from RMB 1510/t to 1450/t for solid sulphur picked up by truck.

$175-208/t fob Vancouver

$170/lt cfr Tampa (molten)

$205-213/t cfr Santos

$208-220/t cfr Antwerp (molten)

$180-210/t cfr Jorf Lasfar

$185-203/t fob Jubail, Ruwais

$210-215 cfrParadeep, Chennai

$200-210/t cfr Fangcheng, Nantong

$170-185/t fob Illychevsk,

Kavkaz

SnApShoT - world Sulphur grAn priceS/neTBAcKS



The across-the-board price reductions by Sinopec resulted in offer prices at port inventories being reduced in response.

▪ In Nantong (river), stocks were back up over 400,000t,

and there were reports that offer prices had dropped below RMB 1550/t ex warehouse for granular, and below RMB 1500/t for crushed lumps. Much of the tonnage being received recently into Nantong has been crushed lump shipments from Kazakhstan and Iran for end-users especially Hubei Sanning. Around 100,000t was scheduled to arrive into Nantong during September.

▪ In Zhenjiang (river), stock levels were a little lower at

150,000t. Prices were being adjusted down a little to RMB 1550-1560/t ex warehouse.

▪ In Qingdao (north), stocks were down to 180,000t. Prices

were on offer at RMB 1520-1540/t ex warehouse for crushed lump product.

▪ In Fangcheng (south), stocks were back up to 340,000t,

thanks to the arrival of China Oil’s MV Titan with 40,000t of Saudi sulphur. After sales at strong levels at healthy prices in the last 2/3 weeks, prices were now coming down due to

FMB Spot Sales Selection – 13 September 2012

product origin Seller Buyer destn ‘000t $/t bulk Shipmt

Sulphur AG Trammo Copebras Brazil 25 205 cfr OctMed Interacid Isusa Uruguay 9 est 215-220 Sept- Swiss MMTC/Sail India 9 215.30 cfr Sept

AG Swiss PPL India 35 212-213 cfr SeptAG Swiss FACT India 25 217.99 cfr 180d SeptIran KHPC Trader China 20 ar 185 fob Sept

Iran IGCC Trader China 30 183.25 fob SeptPoland solvadis Akzo Argentina 15 215-220 cfr SeptCalifornia Oxbow Various China 60 205-207 cfr Sept

Kuwait KPC Trader China 25 195 fob SeptTaiwan Formosa Chinese trader China 15 192 fob Sept

India Reliance Swiss - 27 183-184 fob SeptUAE Transfert CIL India 24 211 cfr SeptGreece Oxbow Galvani Brazil 6 ar 210 cfr Sept

Italy Trammo Akzo Argentina 10 ar 215 cfr SeptAG Traders End-users South China various 206-213 cfr SeptItaly Chemtrade Meranol Argentina 6 215-220 cfr Sept

California HJ Baker Fertinal Mexico 50 mid-170s fob OctCanada Oxbow Fertinal Mexico 50 mid-170s fob SeptKuwait KPC Marubeni China 25 193 fob Sept

Oman ETA RCF India 10 209.97 cfr AugIran IGCC Traders China lumps 55 164 fob Aug

Taiwan Formosa China Oil China- 15 198 fob Aug/SeptAG Swiss JPMC Jordan 120 202 cfr Aug/SeptRed Sea, Saudi Aramco JPMC Jordan 26 190-192 cfr Aug

Sulphuric Acid China Two Lions - Australia 10 60s fob Sept

China Two Lions - Vietnam 5 60s fob Aug

Europe Aurubis Timac Brazil 15 101-105 cfr Oct

Italy Prai OCP Morocco 2 x 3-4 high-50s cfr Sept

Japan Trader P Gresik Indonesia 10 65-70 cfr Sept/Oct

Korea n.a. P Gresik Indonesia 20 65-70 cfr Sept/Oct

TBC Trader PT Gresik Indonesia 20 65-70 Oct

Europe Aurubis Timac Brazil 15 101-105 cfr Sept



the latest Sinopec price reductions in Puguang. Offer prices have dropped to RMB 1650-1660/t in bags.

TaiwanFormosa is preparing to issue its next sulphur export tender. It is expected to be floated next week for 15,000t for loading 11-15 October. indiaSwiss Singapore continues to dominate sulphur import business in India.

This week it has been confirmed that MMTC awarded its tender for 9,000t for SAIL/Bokaro to Swiss Singapore at $215.30/t cfr. Only two offers had been submitted in the tender by Swiss Singapore and ETA.

This followed last week’s sale by Swiss of 35,000t to PPL/Paradeep at close to $212-213/t cfr, and of 25,000t to FACT/Cochin at $217.99/t cfr 180 days.

Reliance closed a new online e-tender for 33,000t on 12 September for lifting 20-26 October. Reliance put a reserve

minimum price $187/t fob on the cargo and the number of offers submitted were believed to be limited to 2/3.

Reliance awarded its previous tender of 23 August for 27,000t to Swiss Singapore fob Sikka for loading 15-21 September at $183-184/t fob Sikka, a little higher than the last tender awarded to Midgulf. The MV Jia Tai sailed from Sikka on the 31 August for China with 33,000t

With respect upcoming sulphur arrivals at Indian ports: - Today 13 September, Transfert’s MV Zhong Shan Men arrives in Chennai from Ruwais to cover the recent sale of 20,000t to CIL at $211/t cfr. In total the vessel is carrying 27,500t.

On 16 September ETA’s vessel MV Rainbow Angel is due to arrive in Mumbai to discharge 10,000t of Oman sulphur sold to RCF at $209.97/t cfr.

recent spot sales/purchases in india for August/Sept:

▪ MMTC/SAIL finalized 9,000 t with Swiss at $215.30/t cfr for prompt 2H Sept shipment

PPL/Paradeep purchased 35,000t from Swiss Singapore at $212-213/t cfr for September shipment

▪ FACT finalized 25,000t with Swiss Singapore at $217.99/t cfr 180 days for arrival in Cochin 17-20 September

▪ Reliance sold 27,000t to Swiss Singapore at $183-184/t fob Sikka for loading 15-21 September

▪ CIL bought 24,000 t from Transfert ex-Ruwais at $211/t cfr, Sept delivery

▪ RCF bought 10,000 t from ETA ex-Oman at $209.97/t cfr, August delivery

Main chinese port inventories (’000 t)

13 Sept 22 May

Qingdao 180 275

Zhenjiang 150 300

Zhanjiang 125 220

Fangcheng 340 500

Nantong 410 600

Tianjin - 10

Beihai 150 100

Others 20 45

Total 1,375 2,050

Sulphur Arrivals Selection indian ports Aug/Sept 2012

Supplier/Buyer origin Vessel KT Arrival port

Mitsui/IFFCO Qatar Tuna 7 31 2 August Paradeep

Transfert/CIL Kuwait Island Green 9 10 August Chennai

Transfert/CIL Kuwait Island Green 15 13 August Vizag

Swiss/PPL Iran Omera 1 38 21 August Paradeep

Swiss/IFFCO UAE Magnum Energy 38,5 25 August Paradeep

Swiss/Inland/IFFCO Kuwait/Bahrain Konstantinos 32,3 29 August Paradeep

Transfert/CIL UAE Zhong Shan Men 22 13 September Vizag

ETA/RCF Oman Rainbow Angel 10 16 September Mumbai



Middle eAST

Middle East producers were monitoring market developments very closely in advance of price negotiations for Q4 contract volumes. A deteriorating market in China has weakened cfr spot prices to levels now equating to $180/t fob, some $15-20/t below Q3 contract prices for this market.

uAeFocus of attention was on the despatch of a new panamax last week from Ruwais to China. Marubeni’s MV Spar Lupus sailed last week with 50,000t. The ship sailed on 9 September.

Prior to this on 6 September Interacid shipped 40,000t in Ruwais on the MV Rogue for shipment to China.

Transfert’s MV Zhong Shan Men was due to arrive in Chennai on 13 September with 27,500 t of UAE sulphur, of which 22,000t will be discharged for CIL, sold at $211/t cfr. Transfert is believed loading a new UAE cargo this week to south China. The trader had been checking on freights to load 25,000t 12-15 September in Ruwais for one port discharge in Fangcheng.

QatarAt the end of September a shutdown at gas processing facilities for maintenance will reduce sulphur production and export availability and as many as three cargoes totalling 100,000t is expected to be lost.

In Ras Laffan Interacid has loaded and shipped 30,000t of sulphur to south China on the MV Arrilah 1.

On 3 September the vessel Maritime Emerald sailed for Madagascar with 30,000t Ras Laffan sulphur, having already loaded 10,000t of Messaied sulphur.

Saudi ArabiaJubail activity is still dominated by liftings to China:

China Oil’s MV Paisan Hai sailed on 10 September with 38,500t for China.

The vessel MV Princess 1 sailed for China on 7 September with 38,500 t. This is thought to be an Oxbow shipment, but not confirmed.

On 2 September the China Oil vessel MV Maratha Providence sailed for China with 38,000t.

KuwaitKPC/Kuwait’s sales at $195/t fob Shuaiba for 19/20 Sept loading and at $193/t fob for 8/9 September loading continue to puzzle the trader community, with most recent

165

190

210

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225 215 220 220 220

205

190 180

195 200 210 215

205

190 190

0

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Jan-11

F M A M J J A S O N D Jan-12

F M A M J J A S

2011/2012

Adnoc oFFiciAl Selling price ($/pt fob ruwais)

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prices heard in the spot market in China being closer to the same numbers but on a cfr basis. Some reports indicate both cargoes were awarded to the same Japanese trader.

In Shuaiba last week, the vessel MV Hanjin Brisbane is loading 27,000t, possibly covering the first of these spot cargoes.

DoHigh’s vessel MV Le Cong sailed from Shuaiba on 30 August with 27,500t for Fangcheng, China. iranAs reported last week new sales of granular sulphur were made Kharg Petrochemical and IGCC for September shipment in the mid-$180s/t fob. - Kharg Petrochemical - 20,000t prompt loading in Kharg Island

- IGCC - 30,000 t 2H Sept loading at $183.25/t fob Assaluyeh.

IGCC closed a new tender for 30,000t of crushed lump sulphur on 10 September.

In Bandar Abbas last week the MV Ocean Success loaded 15,000t of crushed lumps a/c Plutus. Destination not clear, China or possibly Tuticorin/India for Wilson. This succeeds the MV Hong Wei which sailed the previous week with 22,000t of crushed lumps.

Med/AFricA

Tunisia GCT resolved the problem of disruptions of phosphate rock rail deliveries from mine to plants by arranging a fleet of trucks which are able to transport the rock over the open desert lands. Through this method there are now two months supply of phosphate rock at each factory and the plants are back running at close to capacity. Sulphur stocks are currently at 270,000t and consumption is now back to 150,000 t per month.

This week GCT was offered a spot cargo of 25,000t of high-quality granular sulphur at $195/t cfr. In upcoming contract negotiations GCT expects to table a modest price reduction to reflect the recent softening in the market.

South Africa Foskor’s 3-year contract of affreightment for Vancouver-Richards Bay is coming up for renewal but there is a possibility that due to the recent downturn in business with Canadian suppliers, coupled with the availability of tonnage from the Middle East, the COA may not be renewed. Only Petrosul, and to a lesser extent Husky, closed tonnage with Foskor for Q3.

eAST europe

russiaContract customers taking Russian sulphur are being warned that when the barge system closes there will again be problems with rail wagon shortages, with sulphur competing for the wagons with many other products including fertilizers and coal. The rail system and rail activity will be at bursting point and of course such high demand results in higher tariffs being set each new season.

The limitations on rail capacity will be compounded by the fact that maintenance work is being scheduled for the Astrakhan gas plant for November/December 2012. Austrofin estimates this will mean a drop in export availability from the usual 200,000t per month to 120-150,000 t per month for these two months, reducing Nov/Dec availability by 100-160,000t in total.

So three negative factors must be taken into account on Russian supply for Q4:

- loss of barge trade with onset of winter - shortage of rail cars- plant maintenance turnaround cutting availability in Nov/Dec

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KazakhstanIt has now been confirmed that Oxbow was awarded the tender held on 31 August by TCO for 30,000t of granular loading 8-12 September in Illychevsk.

An Oxbow vessel MV Sakar arrived in Illychevsk on 11 September to load 22,000t of granular, believed to be earmarked for ICL/Israel. It was scheduled to sail on 13 September.

On 14 September the MV Eagle N was due to arrive to load 40,000t of sulphur. It is not clear whether this vessel would be covering Trammo TCO crushed lump business to China, or granular business to Brazil.

norTh AMericA

canadaFoskor’s 3-year contract of affreightment for Vancouver-Richards Bay is coming up for renewal soon but there are predictions that due to the recent downturn in business with Canadian suppliers, coupled with the availability of tonnage from the Middle East, the COA may not be renewed. Only Petrosul, and to a lesser extent Husky,

closed tonnage with Foskor for Q3. No business done with either Prism or Shell.

SouTh/cenTrAl AMericA

BrazilIt is understood that the severe congestion of vessels waiting to discharge at the Termag terminal in Santos has led to new environmental problems. Local environmental bodies have stopped two vessels from discharging due to a strong H2S emissions in the holds, built up through weeks of waiting to discharge.

Copebras has bought a new spot cargo from Trammo comprising 25,000t at $205/t cfr. This reflects a modest price reduction from earlier business done in Brazil at $210-215t/t cfr.

uruguayInteracid has sold 9,000t to Isusa and will deliver from the Med to Nueva Palmira. No details available on price. Estimated in the range $215-220/t cfr. .

Sulphuric Acid

MArKeT SuMMArY

Sense of caution on balanced market; chilean imports in 2013 expected to drop

There is a sense of caution in the global sulphuric acid market as negotiations for annual and quarterly supply contracts slowly begin. As a result, there has been little spot activity in the market.

Spot inquiries in Chile are kept to a minimum as annual contract talks begin. Chile has been consistently importing more under contract and less on a spot basis thus far this year. Preliminary price ideas from the buy and sell sides are wide apart for the 2013 contracts, and conclusions may only be reached in October/November. Contracts for 2012 were agreed in the range of $145-155/t cfr, which is around $40/t above current spot price indications.

The weak undertone is highlighted by the lacklustre global economic trend. The latest leading indications for the OECD area showed that most of the world’s major economies, including Europe, continue to lose growth momentum. The OECD leading indicators were announced on 13 September and marked the third consecutive monthly decline, and the loss of momentum is likely to persist in the coming quarters.

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chileAt an industry conference in Boston this week, most market players agreed that Chile’s sulphuric acid deficit will narrow next year. Annual contract pricing discussions for 2013 are progressing slowly, and the buy side is looking for significant price reductions at an early stage of discussions.

Spot requirements have thinned because of more domestic availability from Noracid. The unit is now reportedly running at 85%, or above, of its 700,000t/year capacity.

Antofagasta is still in planning stage for the construction of a sulphur burner in Antucoya (with a capacity of 800,000-1m t/year for captive consumption). Production rates can be above Antofagasta’s own consumption needs, which will allow the company to sell the extra, though limited, quantities to the merchant market.

There are reports that ENA (Empresa Nacional de Acido) is already in discussions with potential buyers for off take contracts from a new, 200,000t/year sulphur burner in Tarapaca. The unit is expected to begin operation in the second half of 2013.

MexicoLatest statistics showed that Mexican exports in the first seven months of 2012 were up 16% to 421,000t on the year-ago period. The majority tonnes went to key market US, followed by Chile and Cuba.

Exports to Chile were around 127,000t in Jan-Jul 2012, up 29% from last year. The increase is consistent with the fact that Chile has been buying more on contract from Mexico this year because the Chuquicamata smelter was encountering production issues, and Codelco’s Gaby mine has been consuming more. Stable acid prices in Chile and higher transportation costs between Mexico-US also encouraged Mexican sellers to take advantage of the Chilean market, rather than switching to the US.

europeThe European market remains balanced as contract holders gear up for Q4 negotiations. The last spot business was

Mexico: Sulphuric acid exports (tonnes)

country June 12 Jan/Jun 12 Jan/Jun 11 Jan/dec 11

United States 40,278 235,018 210,694 414,157

Chile 39,055 127,487 98,709 241,765

Cuba 9,163 56,384 42,660 64,195

Guatemala 348 2,027 2,167 3,410

Peru 11 13 9 10,740

world 88,854 420,948 363,635 768,677

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concluded at a netback equivalent of the $60s/t fob under a recent purchase by Timac for 15,000t of acid for end-October shipment.

As previously reported, Aurubis’s Pirdop copper smelter enters an 18-day turnaround this month. With a nameplate capacity of 708,000 t/year, the turnaround will cut Pirdop’s acid production by an estimated 40,000t.

MoroccoOCP’s planned, rolling turnaround at its Jorf Lasfar complex is unlikely to have a significant impact on its acid consumption, according to market players. The phosphate producer is expected to cut DAP/MAP production from 300,000-350,000t/month to 260,000-270,000t/month through to the end of the year. GazpromExport/Austrofin, the biggest sulphur supplier to OCP, confirms that its Q4 deliveries will not be reduced.

TunisiaFurther to last week’s report, GCT is operating at 95% of its phosphate production capacity and will consume around 400,000t of sulphur for Q4. Coupled with around 250,000t of sulphur inventory, GCT does not expect to have any near-term spot acid requirement.

chinaTwo Lions in China has been actively exporting in recent months on weak domestic demand. The following cargoes were reportedly sold in the $60s/t fob China:

• 19,000t for Chile and 16,000t for Papua New Guinea in July

• 5,000t for Vietnam in August• 10,000t for Australia in September

There are rumours that another Chinese cargo has been sold for November loading for Oceania, and more details are expected to come to light next week.

TurkeyBids for spot acid have moved down slightly to the $40s-50s/t cfr Turkey range on a balanced market.

indiaAround 70,000t of sulphuric acid have been lined up for September arrival into India. The total thus far for September is behind the 205,470t in August, and July’s 180,336t.

In the freight market, Quantum is understood to have circulated an enquiry for 20,000t loading in Korea during October for shipment to this market.

india: Sulphuric acid arrivals in September/octoberSupplier/Buyer

Vessel Tonnesload port

dis port Arrival

Sterlite/IFFCOGlobal

Challenge20,000 Tuticorin Paradeep 05-Sep

Interacid/ IFFCO

Sky Dream 14,867 Paradip Paradeep 09-Sep

Interacid/CIL Sky Dream 4,070 Japan Vizag 11-SepHindalco/ IFFCO

Ivy Galaxy 10,000 Dahej Paradeep 15-Sep

Hindalco/ IFFCO

Mpm Fairfield

19,500 Dahej Paradeep 24-Sep

Quantum/IFFCO

Rotterdam 20,000 Paradeep 25-Oct

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Henry Jiang, Sinoway International Holdings Limited

Patrick Peenaert, Lafarge

Steve Spinner, Monsanto

Charlie Randall, Randall-Coke & Carbon Consultant

Narinder Singh, CoalPulse

Haroldo Angelo Andrade, Petrobras

Dr. James Duncan, ConocoPhillips

Thomas Springer, Biehl & Co.

Phil Fisher, Pet Coke Consulting

Mo Aleman, Cooper Consolidated

Lester McCoy, McCoy Carbon Consulting

Ross Allen, Argus

David Love, Argus

Fiona Boyd, Argus

… and others!

Argus Americas Petroleum Coke Summit 2012

DATES & VENUESeptember 19-21, 2012Westin Houston Memorial City, Houston, TXwww.argusmedia.com/Americas-Petroleum-Coke

REGISTRATIONEarly registration (available until July 26, 2012): $1,395 Standard registration: $1,695

*To apply for a group rate, contact Antonette Iorio: +1 713 429-6310 or [email protected]

Fees include participation in all sessions, conference luncheon/reception, coffee breaks, continental breakfast and one set of conference documentation per person. Travel and accommodation costs are not included.

PAYMENT METHOD Check enclosed (Make payable to “Argus Media”). Credit card number provided. Bank transfer (see below for details.)

Type of credit card (check one): Visa Amex MastercardCard number: Card holder’s name: Security code: Exp. date: / / Signature: Card billing address: Total $: (Credit card payments must be received before the expiration date)

Details for Bank TransferTo request remittance details and pay by bank transfer please select the checkbox above and submit your registration form to the email or fax line noted on this form.

EMAIL:[email protected]

REGISTRATION FORMPlease PRINT in block letters and return to:Argus Media, Inc3040 Post Oak Boulevard, Suite 550Houston, TX 77056 Attn: Argus Americas Petroleum Coke Summit 2012Tel: +1 713 429 6310 | Fax: +1 281 786 3946Email: [email protected]/Americas-Petroleum-Coke

COMPANY DETAILS: Company Name: Address: City/State or Province: Postal Code: Country: Main Business/Activity:

DELEGATE 1 DETAILSName: Dr/Mr/Ms: Job Title: Telephone: Email:

DELEGATE 2 DETAILSName: Dr/Mr/Ms: Job Title: Telephone: Email:

FAX:Complete this form and fax to +1 281 786 3946

MAIL:Complete this form and post to the address below

TERMS AND CONDITIONS

Tick here to request a free trial of Energy Argus Petroleum Coke

• All registrations must be on the prescribed form, with payment enclosed. Payment will be accepted by credit card, bank wire or company check only. • The conference organizers reserve the right to refuse the registration of any individual or company for any reason, at the conference organizer’s sole discretion. The conference organizers reserve the right to impose conditions of entry for walk-in delegates, including refusal of entry. • The delegate acknowledges and agrees that photographs taken at the conference, which may include the delegate’s image, may be used by Argus in future promotional material. • The delegate acknowledges and agrees that his or her name, company name and title may be used by Argus in marketing this and future conferences and events. • Argus may disclose the delegate’s contact information (full name, title, company name, company address, telephone and e-mail address) to other delegates, sponsors, speakers and/or conference partners.

Cancellation & Substitution • Cancellations prior to August 21, 2012 will be eligible for a 50% refund. No refunds will be given after August 20, 2012. • Substitutions from the same company are accepted at any time. Please contact us by September 19, 2011 with substitute name so we can have their materials ready.

argusmedia.com

EVENT REGISTRATION

Hotel Accommodation & Visa Application Delegates are responsible for their hotel, travel and visa arrangements. Event room rates are available on a first-come, first-served basis.

Disclaimer The organizers will not accept liability for non-approval of visas, individual transport delays and transport disruption. In such circumstances, our normal cancellation rules and penal-ties apply. Where matters beyond the reasonable control of the organizers impair or prevent the organizers from being able to perform their obligation under this event, the delegate releases the organizers from any liability, incidental or consequential, to such matters.

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