InterContinental Shanghai Pudong

How are the Olefins & Polyolefins Markets Shaping Up?
"Asian olefins spot prices may hit fresh highs in the coming weeks as supply is expected to tighten when the cracker turnaround season in the region kicks off later this month" [10 February 2011, source: ICIS]
With some of the crackers already shut for maintenance and disruption of many Japanese petrochemical plants due to the recent Japan's disaster, the olefins industry is seen to spiral into severe tight supply in the short term. Is this where the excess capacity in the Middle East comes in to alleviate the situation? 2 years back, a huge influx of ethylene and its derivative capacities from the Middle East were expected to go into Asia. However, this was impeded by delayed projects start-up and technical glitches.
This year, the industry might experience the full impact of the massive amount of new steam cracker capacity that has come on-stream in the Middle East. The booming China market with its successful economic stimulus package has been on the receiving end of this surplus, but will she continue to do so with new capacity additions from state-oil petrochemical giant Sinopec in Tianjin and Zhenhai? China's abundance reserves in coal have led to a leap in coal-to-olefins technology. What are the latest developments, government restrictions and regulations with respect to this growing industry?
Packaging industry is one of the fastest growing sectors in Vietnam at present. There is a rapid increase in the usage of household products. How is this industry driving the polyolefins demand and what are the latest consumer trends in Vietnam?
CMT's 12th Asia Olefins &Polyolefins Markets brings together global and regional leaders to address all these issues, to share their experiences and to map out their visions for the future.
Register online at www.cmtevents.com or contact grace@cmtsp.com.sg |