11 Jul
The 16th China International Polyester & Intermediates Forum, organized by CHTC Landview Network (CCFEI) and Tecnon OrbiChem, is held at 9:00 a.m., 11 Jul, 2019 in Holiday Inn Shanghai Pudong, Shanghai, China, with Yufeng Chemical Fiber Machinery and Alpek Polyester® as sponsors. TF Securities also provides us great supports. Around 500 participants from leading players home and abroad, including BP, Broad Group, China Resources, CNOOC, Guxiandao, Far Eastern Industry, Future Petrochemical, Hengli, Hengyi Petrochemical, Honam Petrochemical, ITG Holding, PetroChina, Reliance, Rongsheng, Sabic, Sanfangxiang, Sinochem, Sinopec, Tongkun, Xiangyu, Xinfengming, Yisheng Petrochemical, Zhajiang Wankai, etc., are gathering to exchange ideas about the polyester chain.

Date 11 Jul 12 Jul


With Roger Lee, Managing Director of Tecnon OrbiChem as the Chairman of the morning session, Zhu Boliang, Deputy General Manager of CCFEI, presents the opening speech, referring to highlights of polyester industry in 2019, including successively realized domestic refining capacities in China, prophase researches on PSF and BGPET futures, China becoming the top BGPET supplier of the world, etc.

Date 11 Jul 12 Jul

Jason Miner, ‎Senior Analyst - Global Chemicals, Bloomberg Intelligence contributes the first speech in morning session. In Mr. Miner’s speech Polyester Growth Signals in a Time of Rising Uncertainty, he refers to slower world economic growth, particularly in line with slower demand growth of chemicals, while points to retailing and household markets still showing strong momentum, and comes to the conclusion that China remains a good choice for investors.

Date 11 Jul 12 Jul
 

Li Zhan, our special guest from a domestic petrochemical major, shares with us some suggestions about crude oil market: crude oil values firmed early in H1 2019 amid constrained supply, and then trended down with availability improving. With market length growing, Mr. Li suggests possibility of four major risks, and forecasts the trend of crude oil prices in H2 of the year.

Date 11 Jul 12 Jul

 

After coffee break, R.D.Udeshi, President Polyester Chain of Reliance Industries brings his speech titled Polyester Chain – A Marathon or a Sprint. Mr. Udeshi talks about recent instabilities globally, which cap demand growth, and suggests that Asia may be the main drive for demand and trade. He also predicts polyester market gradually stepping into a bullish cycle, and believes that Reliance’s responsibility in society and environment will win it long-run recognition.

Date 11 Jul 12 Jul


 

Barton Xu, China Manager of Global Service International makes an overview on PET market. He focuses on European Market & Future Trends, as well as the rising recyclable economic in China. Given supply gap seen in 2018, Mr. Xu predicts a surge of capacities restarted or commissioned in 2019, which may lead to oversupply.

Date 11 Jul 12 Jul


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Giuliano Ghiglione, Senior Account Manager of UOP concludes the morning session with an introduction of Latest Development of UOP Sinco SSP Technology.

Date 11 Jul 12 Jul


After the noon break follows the afternoon Session, with Wallace Weng, General Manager Assistant of CCFEI as the Chairman.

Date 11 Jul 12 Jul

 

Michelle Yang, Senior Consultant of Tecnon OrbiChem presents a speech about Crude Oil to Chemicals (COTC) Refineries & Their Impact on Paraxylene Markets, referring to abundant refining capacities coming on stream in China.

Date 11 Jul 12 Jul
 

Jose Luis Cazariego, Senior Technology Director of Alpek Polyester® talks about Maximizing the ROI of the PTA and PET projects. Alpek Polyester® is a leading polyester producer in Americas, and the only licensor of PET-PTA technology in the world. The company is also a subsidiary of Grupo Alfa®, which is listed in Mexico, and is the largest group company in the country, with more than 40 years of practice in polyester industry.

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Jin Yining, Senior Analyst, Group Leader from Hangzhou Research Center of Yong’an Futures, presents an Outlook for Energy and Chemical Sentiment of H2 2019.

Date 11 Jul 12 Jul

 

The first day sessions ends with Zhao Cheng, Principal for Polyester Industry Chain, CCFEI gives an analysis on China Polyester Industry Chain in Post-boom Cycle, in which she predicts a slow recovery of demand in H2 2019, stable PX margin, sustaining PTA backwardation and MEG contango. In her opinion, PET performance in H2 of the year will depend on utilization of new feedstock capacities, inventory control and cash flow margin.

Date 11 Jul 12 Jul
 

Above is the on-spot report for the first day sessions, and there will be more to come tomorrow.

Date 11 Jul 12 Jul

China Chemical & Fiber Economic Information Network (CCFEI)