The 13rd China International Polyester & Intermediates Forum, organized by China Chemical & Fiber Economic Information Network (CCFEI) and Tecnon OrbiChem, is held at 9:00 a.m., 7 Jul, 2016 in Minya Hotel, Shanghai, China, with Zhengzhou Commodity Exchange, Jinrui Futures,Yufeng Chemical Fiber Machinery and Kaifeng Investment as sponsors. Leading players from home and overseas, including BP, CNOOC, Far Eastern Industry, Hengli, Hengyi Petrochemical, Honam Petrochemical, PetroChina, Reliance, Rongsheng, Sabic, Shuangtu, Sinopec, Tongkun, Xinfengming, Yisheng Petrochemical...etc., are gathering to exchange ideas about the polyester chain.

Date 07 Jul 08 Jul

The morning session of first day starts with Zhu Boliang, General Manager, CCFEI & Roger Lee, Managing Director, Tecnon OrbiChem giving the opening speech.

Date 07 Jul 08 Jul

Mr. Lee is the chairman of today’s morning session. In their speeches, Lee and Zhu refer to impact from key world issues of macro-economy environment, such as higher interest rate of the US, Brexit, CNY defending…as well as domestic highlights impacting China’s market in H1, including supply reformation, environment protection and the G20, etc. Widely concerned topics like slower polyester capacity growth, lower import-dependency rate and downstream production cuts are also touched.

Date 07 Jul 08 Jul

Qi Jingmei, Researcher from State Information Center contributes the first speech, focusing on overcapacity of China’s industries and comes with suggestions for de-capacity. Huge overcapacity in China, partly attributed to resource-wasting zombie companies, has been seriously hampering the country’s economic development. Against such a backdrop, China’s government takes de-capacity as a primary task for the year, in an order to ease downward pressure on economy, thus to facilitate economic transformation and structural adjustment, and achieve sustainable development. To push forward de-capacity, cases involving receivership must be handled more efficiently, and new projects should be under strict control. Meanwhile, financial support is needed for assets disposal and personnel placement. Servitization of manufacturing is a key step for industry transformation and upgrading.

Date 07 Jul 08 Jul

As our special guest, crude oil analyst She Jianyue takes a look into price tendency of world crude oil. According to Mr. She, crude oil price trend in H1 2016 is characterized by two bottoms in Q1 and a unilateral rise in Q2, as shale oil and other unexpected production loss offset the increase on production, while demand keeps rising. Low oil price stimulates the growth of demand. The drive to the demand in China shifts to consumption-type oil products like gasoline, and China and the United States will push the demand for refined oil together in a driving season. Mr. She believes that crude oil has entered an upward channel in a stage of re-balance.

Date 07 Jul 08 Jul


After the coffee break, Zhang Youding from Synthetic Fiber Division of Sinopec Chemical Products Sales Company talks about status quo of China’s polyester market, and shares his opinion about market tendency. Mr. Zhang put main characters of polyester market under New Normal as follows: Polyester demand growth rate declines to 4-5%; Slower capacity growth; Large-scale and low-cost development mode to quit from the market gradually; Frequent mergers; Market mainly driven by outside factors. He warms that the market will have to face difficulties including upgrading competition, short capital, operational difficulties, lack of new market driver, and uncertainties with macro-economy perspective.

Date 07 Jul 08 Jul


Wang Zongfang is Senior Manager of Non-agricultural Products of Zhengzhou Commodity Exchange, which provides great support to this event. In her speech, she talks about the importance of futures pricing, and how to utilize futures as a hedging tool and guard players’ profit. She also introduces Zhengzhou Commodity Exchange’s practices in overseas PTA futures business.

Date 07 Jul 08 Jul


Kim Hyun-Min, Senior Consultant of Tecnon OrbiChem concludes the morning session with his speech focusing on Common Trends and Challenges of global PET resin industry. Based on years of study in relevant territories and abundant data, he describes characters and problems existing with world BGPET market supply and demand.
Li Yuhao, Director of Non-agricultural Products, Zhengzhou Commodity Exchange is the Chairman of afternoon session.

Date 07 Jul 08 Jul

New Raw Materials, Advanced Technology, Innovative Products and Ingenious
Applications in Polyester Industry

Wang Mingyi, Professor Level Senior Engineer of SINOPEC Shanghai Petrochemical introduces latest developments in raw material, technology, R&D and application of polyester industry, at home and overseas. Facing new challenges and difficulties, enterprises are taking more efforts to pursuit product innovation.
Date 07 Jul 08 Jul

Nathan Kemeling, YXY Business Director of Avantium introduces PEF—a new substitution of BGPET. With processing slightly diverged from that of BGPET chip, PEF can be processed on the same equipments of BGPET. YXY is Avantium’s technology platform to convert plant-based sugars into renewable FDCA. FDCA can be polymerized into PEF--a 100% biobased polyester with unique properties, opening up new packaging solutions for bottles and films. Avantium is collaborating on PEF bottles with Coca-Cola, Danone and ALPLA, and is working with undisclosed parties on packaging films.

Date 07 Jul 08 Jul

– CC-PETÒ
Andreas Weidner, Sales Director Pelletizing of Automatik Plastics Machinery introduces their advanced technologies of Pelletizing and Direct Crystallization of PET.

Date 07 Jul 08 Jul


Following coffee break is the Zhengzhou Commodity Exchange Session, in which Zhu Mingyuan, Deputy GM from CCB Futures, Xu Zhilong, General Manager of Dinghou Investment Managing Company, and Han Yaojie, Energy Chemicals Director of Kaifeng Investment share their valuable experiences and ideas about combine futures with spot businesses, PTA status quo and impact from G20, and how to utilize PTA OTC options.
Above is the on-spot report for the first day sessions, and there will be more to come tomorrow.

Date 07 Jul 08 Jul


China Chemical & Fiber Economic Information Network (CCFEI)