Adapting in Turbulent Times… Strategizing for 2009!
“Trends sluggish in China’s PP markets. Prices drift lower.” 4/11/08, Polymerupdate.com
The ongoing global economic turmoil and inflation have crippled consumer confidence. A further drop was witnessed in propylene prices, amid ongoing weak demand for derivative products. The market sentiment has been negative and companies are taking a precautionary outlook in charting their strategies for 2009 & beyond. What are the ways to sustain profitability amid a turbulent times ahead? Attend CMT’s 4th Propylene and Derivatives Markets conference to assess how the trade flows are evolving, and receive an update on the various regional projects & markets.
“China – Sinopec to launch petrochemical complex in Hangzhou”, 24/10/08, Yarnsandfibers.com
China and India, some of the main markets for the Middle East projects, have also been relentless in their own capacity expansions to feed demand. Will the credit crunch results in delay or cancellation of planned projects?
“Although the global oil market is in the midst of one of the most pronounced bearish slumps in history, prices are likely to rebound to $80-100/barrel in the next several months, said Dong Xiucheng, vice director of the Business Management Institute of Beijing Petroleum University. Dong cited three factors supporting the bullish outlook – renewed weakness in the dollar, the fact that oil producers feel compelled to defend a minimum floor price, and the movement of speculative funds from oil to other commodities”. 3/11/08, Platts
Naphtha crackers currently provide 70 percent of Asia’s propylene supply. Maximising yield and looking at alternative feedstock is becoming more important especially in today’s volatile energy markets. What are the alternate process and feedstock routes to propylene? Can the latest MTO/MTP advances help to improve margins for producers in the industry?
While production efficiencies and economics are main concern, in order to boost growth of propylene, the industry is looking for new applications/technology to contribute to sustainable development. Which technology & derivatives growth will offer better return on investment?
Into its 4th year, CMT’s annual Propylene and Derivatives Markets includes vital session on
• Economic outlook amid global financial uncertainty
• Current state and development prospects of the global propylene market
• Development in derivatives and how will the market perform
• Keep abreast of the latest cracker developments from: Petrovietnam, Petrochina, Borealis, Essar
• Zoom into prospect of propylene markets in China, India, Middle East, Vietnam
• Propylene and derivatives price outlook in Asia
• Economics of Alternative feedstock supplies & technology selection criteria
• Analyze the new frontiers of process technologies from KBR, Sud-Chemie AG, Asahi Kasei Chemicals and Advanced Polypropylene Company
• Derivatives review including Phenol, PO, PP, Acrylic Acid, Acrylonitrile, Oxo-Alcohols
• Enjoy over 6 hours of networking opportunities
Mark your calendar to be at this premier gathering to network & seek new business opportunities! Sign up with your team to enjoy attractive discount.
You Will Network With
• Presidents • CEOs • VPs • Business Development/Sales & Marketing Directors/Managers • Technology Marketing/Licensing Directors • Business Analysts/Corporate Planning Managers • Commercial Directors/Managers • R & D Executives of Global/Asia Pacific Refineries and Petrochemical Corporations • Propylene Derivatives players (Propylene Oxide(PO) • Acrylic Acid, Acrylonitrile (ACN), Polypropylene (PP) & Phenol/Cumene) • Catalysts/Additives Suppliers • EPC Companies • Shipping & Logistics Companies & Consulting Firms
