The 11th China International Polyester & Intermediates Forum, organized by China Chemical & Fiber Economic Information Network (CCFEI) and Tecnon OrbiChem, is held at 9:00 a.m., 10 July 2014 in Royalton Hotel, Shanghai, China, with Zhengzhou Commodity Exchange as the main sponsor and Shenyin & Wanguo Securities as supporter. Leading players from home and overseas, including BP, Far Eastern Industry, Hengli, Hengyi Petrochemical, Honam Petrochemical, MEGlobal, PetroChina, Sabic, Sinopec, Reliance, Rongsheng, Yisheng Petrochemical...etc., are gathering to exchange ideas about the polyester chain.

Date 10 Jul 11 Jul


The morning session of first day starts with Darrel Collier, Business Manager of Tecnon OrbiChem as Chairman, and Zhu Boliang, General Manager of CCFEI presenting the opening speech. In his speech, Mr. Zhu says that the global economy in 2013 was characterized as “Recovery & consolidation, together with an adjustment on strength”. The economic policy of “stabilizing growth” in China takes effect gradually, and the pertinence and stability of macro-economic policy are maintained when economic growth rate and employment rate do not drop below the lower limit while consumer goods price increase does not go beyond the upper limit. In 2014, the global economy will continue to show a post-crisis development character, and will probably be in the face of larger volatility and uncertainty. Meanwhile, some macro systematic risks like RMB depreciation are mounting. How to interpret the international economic situation in 2014? And how can polyester producers make their business strategies?

Date 10 Jul 11 Jul


The first speech of morning session is presented by Qi Jingmei from the State Information Center. Ms. Qi shares her opinions from four aspects, learnt as: Basic characters for current economic operation; Major factors to affect economic operation in the next stage; Forecast for economic trend in 2014; and Policy suggestions.

Date 10 Jul 11 Jul


Ms. Wang Zongfang from Zhengzhou Commodity Exchange shows the increasing maturity and the advantage of PTA futures in many aspects.

Date 10 Jul 11 Jul


After the coffee break, Paul T. O’Day, President & Counsel of American Fiber Manufacturers Association, introduces the industrial construction in the United States, and the development from “Shale Revolution” to the polyester fiber production. He displays some high-performance technically differential products, bringing much enlightenment to chemical fiber enterprises participating in the Forum.
Date 10 Jul 11 Jul


Zhang Chao, Manager of Refined Oil Department,, CNOOC Petrochemicals Import and Export Co., Ltd, interprets the international oil price trend in 2014 and puts forward his expectation to the future. Mr. Zhang tells the participants that the best way to deal with crude oil price is to pay attention to the changes on fundamentals, the price signals, the changes on macro-economy, finance and agricultural products as well as the new dynamics of geo-politics, and he believes that the potential price range for crude oil in the second half of 2014 is between $108-113/bbl.

Date 10 Jul 11 Jul


The last speaker of this morning session is Francesco Zanchi, the CEO of Global Service International S.R.L. Mr. Zanchi confirms the leading role of China’s BGPET chip in the world PET trade, and also talks about the drawbacks of excess production capacities. He believes that the export advantages of BGPET chips will be impacted by new capacities from other regions in the following two years and the anti-dumping cases from other countries.

Date 10 Jul 11 Jul


The afternoon session starts with Ms. Wang Zongfang as Chairman, who is from Zhengzhou Commodity Exchange.
Zhang Youding, Deputy Section Chief of Synthetic Fiber Division of Sinopec Chemical Products Sales analyses the status quo and development trend of China’s polyester fiber market in 2014.

Date 10 Jul 11 Jul


Jing Liaoning, Deputy General Manager of Yangzhou Huitong Chemical Engineering Technique Co., Ltd, says China’s polyester enterprises should actively seek outlets by means of cutting production costs (reducing consumption per unit product, using waste heat, and utilizing R-PET), modifying the production of differentiated varieties and extending business towards the upstream and downstream.

Date 10 Jul 11 Jul


Andreas Weidner, Sales Director Pelletizing - Greater China & Vietnam, Automatik Plastics Machinery GmbH, shows new pelletizing technology for leading PET producers.

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Date 10 Jul 11 Jul


After the coffee break, one highlight is given to Zhengzhou Commodity Exchange Session.

Date 10 Jul 11 Jul


Xu Zhaoyang, Vice President of Grand Resources Group Co., LTD, Wang Zongfang, Senior Manager of Zhengzhou Commodity Exchange,and Liu Dewei, Board Chairman of Xianglu Chemical Fiber Company Limited tell their own opinions about PTA futures platform from the view of trader, futures merchant and supplier respectively. Mr. Xu tells us how to look on the absolute price of PTA futures and the changes on contango and backwardation, giving an account of traders’ positioning, understanding and applying of PTA futures and forecasting the future. Ms. Wang talks about the PTA futures market that draws world’s attention.

Date 10 Jul 11 Jul

Liu Dewei discloses futures instruments that help to step into the international market.
Above is the on-spot report for the first day sessions, and there will be more to come tomorrow.

Date 10 Jul 11 Jul

China Chemical & Fiber Economic Information Network (CCFEI)