Wallace Weng, Marketing Manager, CCFEI is the chairman of the second day session.

The first speech of the day comes from Luo Hongjing, Deputy Director of CNPC Economics & Technology Research Institute. In Ms. Luo’s speech, she talks about how PTA, polyester and PET fiber markets in China drive global aromatic market, and also referred to PX supply gap, oversupply of polyester chain moving upstream. She points out that PX integration, scaled-production and cost control will be the focuses in future competition.

Roger Lee, Managing Director of Tecnon OrbiChem introduces New Bio-Routes for the Production of Monoethylene Glycol, which is another uprising highlight after coal-based MEG routs drew wide attention. He also makes comparison between different MEG routes.

NGUYEN BINH AN, Secretary General of Vietnam Cotton & Spinning Association (VCOSA) contributes his speech titled Vietnam Textile Industry & Fabric Production without TPP, focusing on the widely-concerned topic of relocation of fabric production. He provides a perspective of market development in Southeast Asia. He also mentions edges of China and Vietnam in textile industry, while draws a picture of future cooperation modes between two countries.

Zhao Cheng, Senior Analyst of CCFEI takes a review of new characters emerging in polyester industry in H1 2017, while look into market future in H2: Had the industry overdrawn all the strength of the year? How would profit be distributed through the industry chain? When will chances come?

The last speech is from Andreas W. Engelhardt, General Manager of The Fiber Year, titled Polyester´s Contribution to the Textile Industry -Different National Strategies. According to Mr. Engelhardt, world fiber market will continue to grow, and additional fiber supply will mainly be manmade fibers. He believes that polyester growth is to slow down as its potentiality as a fiber substitute have already made full play, while cotton cultivation will be valued for its huge contribution in employment opportunities.