Where will polyester price direction going next?

After steady, although modest, increases in polyester raw materials beginning in September, 2016, costs began to change direction in March/April. Asia spot raw materials began to decline in March resulting in a quick response in polyester packaging resin and fibre prices, particularly in China. Contract polyester raw material changed more slowly delaying price reductions in the US and European downstream markets until April.

The trajectory change in polyester costs in March/April begs the next question. Will raw materials continue to decline in the next several months?

Conference Programme

Thursday 13 July 2017

09:00  Opening Speech

            Roger Lee, Managing Director, Tecnon OrbiChem

09:10  Overview of China’s Economy in 2016 and Policy Proposals

            Hu Xiaopeng, Researcher & Doctoral Supervisor, Shanghai Academy of Social Sciences

09:40  Analysis of World Crude Oil Market in H2 2017

            Dong Dandan, Senior Researcher, Foresee Investment

10:10  Coffee Break

10:30  Challenges faced by China’s Polyester Fiber Market in 2017

             Zhang Youding , Deputy Director General, Synthetic Fiber Division of Sinopec Chemical Products

             Sales Company

11:00  Global PET Market Outlook and Pricing Trends

             Francesco Zanchi, CEO, Global Service International S.R.L

11:30  Status quo of PTA Industry, and Investment Opportunity Analysis

            Xu Zhilong, General Manager, Hangzhou Shengchun Investment Consultancy Company Limited

12:00  Lunch (French Cafeteria, 1st Floor)

14:00  Zhengzhou Commodity Exchange Session

  • How to Utilize PTA Futures to Improve Pricing and Capital Performance
  • PX Swap Transaction and PTA Futures
  • Title to be confirmed

16:15  Coffee Break

16:45  Panel Discussion

We are inviting representatives from Zhengzhou Commodity Exchange, Yisheng Petrochemical, Hengli Petrochemical, Sinopec and Kaifeng Investment to focus on:

 Commodity perspective in H2 2017

  •  Perspective of polyester market
  •  How to utilize PTA futures to hedge spots risks
  •  Perspective of PTA option and market maker
  •  Highlights with downstream demand

18:00  Dinner (French Cafeteria, 1st Floor)

Friday 14 July 2017

09:00  Asian PX-PTA Market Structure Changes
Luo Hongjing, Deputy Director, CNPC Economics & Technology Research Institute

09:30  New Bio-Routes for The Production of Monoethylene Glycol
     Roger Lee, Managing Director, Tecnon OrbiChem

10:00  Vietnam Textile Industry & Fabric Production Without TPP
Nguyen Binh An, Secretary General, Vietnam Cotton & Spinning Association (VCOSA)

10:30  Coffee break

10:50  China’s Polyester Industry in the New Normal
Zhao Cheng, Deputy Manager, CCFEI

11:20  Polyester´s Contribution to the Textile Industry -Different National Strategies
Andreas W. Engelhardt, General Manager, The Fiber Year

11:50  Lunch (French Cafeteria, 1st Floor)

Find out more at the 14th China International Polyester & Intermediates Forum on 13-14 July 2017, where we will once again be bringing together the leaders from the entire industry value chain providing you with the perfect opportunity to meet and discuss the latest developments and potential business partnerships.

14th China International Polyester & Intermediates Forum
Minya Hotel, Shanghai, China

13-14 July 2017

Please download the conference leaflet for further information and to register

Roger_v2
Roger Lee
Managing Director
Phone: +44 207 924 3955
roger.lee@orbichem.com

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