Swissôtel The Bosphorus, Istanbul
"Tapping on Growing Markets & Emerging Applications" |
According to NGLStrategy, the LPG market has returned to a market of potential opportunity after a transition period. Increased production from major exporting countries such as the US and the Middle East, has resulted in more seaborne trade in 2018 than preceding years. Furthermore, demand has remained strong within the retail space particularly in the East, with petrochemical demand increasing from 2017 with healthier economics for utilising LPG over other feeds. This has resulted in more favourable arbitrage economics since the second quarter of the year.
The particular return of petrochemical buyers to the LPG market in 2018 has re-emphasised both propane and butane’s importance within the ethylene production pool and it is expected that it will continue to play an increasing role going forward.
The widening arbitrage economics from the US major consuming regions, are present even with an increase in freight rates. In 2018, the Baltic benchmark starting to see a positive outlook from the lows of 2017 when rates sunk to levels sub $20/t. Despite the upturn, times remain challenging for shipowners, and it remains to be seen how fast the market can recover and return to investment grade rates.
In reality, 2018 is a story of two halves in that in the latter part of the year it is expected that there will be increased supply of LPG as a few major projects come to realisation. New exports of LPG are expected from the LNG projects commencing in Australia as well as the long-awaited increase of seaborne exports from the Marcus Hook terminal on the US East Coast when the Mariner East 2 pipeline begins operation. Who will be the major consumers of such additional seaborne volumes and how much volumes can the petrochemical industry absorb, will be a key focus for many LPG players to determine what the major price sensitivity of propane and butane is in today’s market.
CMT’s 13th LPGtrade Summit, the meeting platform for all commercials stakeholders in global LPG trade, is a NOT TO BE MISSED event for all who are involved in the LPG production, marketing, procurement, trading, shipping and etc.
Register NOW to attend with your team, to enjoy attractive early bird group discounts. Contact huiyan@cmtsp.com.sg today!
Key Highlights
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Testimonials from 12th LPG Trade Summit
"Excellent! Please continue good services"
- ENOC - Supply, Trading & Processing
"The conference is as expected with good speakers and healthy participation from the delegates"
- FACTS Global Energy
"Very Good Experience"
- Benelux Overseas DMCC
"Thank you for your nice arranging & presentation enjoyed from information which I received"
- Milad Group
"Overall very satisfactory experience. Lots of information showed & good opportunity for networking"
- Indian Oil Corporation Limited
"One of the most important factor to make social capital is networking"
- Iranian Gas Commercial Company I.G.C.C
"Great Interest"
- Viamar
"Enjoyed the meeting very much"
- Poten & Partners
Separately Bookable - Pre-Summit Workshop |
22 Oct 2018 (09:30 – 17:00) LPG: From Simplicity to Complexity - “How to Navigate Changing Circumstances”
Target Audience: This workshop is targeted for a range of industry professionals from those new to the LPG industry as well as current players looking to expand their understanding of LPG’s role in commodity markets. Below is a guide on the target portfolio for this workshop:
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Topic Outline |
09:00 |
Registration |
09:30 |
Intro into the Global LPG Markets, Trading & Shipping
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10:00 |
LPG 101: Understanding the LPG Market Fundamentals
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11:00 |
The Key Conundrum: Introduction to LPG Pricing
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12:00 |
Workshop Luncheon & Discussion |
13:15 |
The Crucial Change of LPG Patterns: Fundamentals of LPG as Petrochemical Feedstock
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14:00 |
Getting it from A to B: LPG Shipping
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14:30 |
Money Matters: Key Economics of the LPG Market
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15:30 |
Connecting the Dots: LPG Trading
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16:30 |
Putting it All Together & Debriefing |
Be a Sponsor or Exhibitor! |
This event is an excellent platform to promote your organization to influential players and investors in the industry. Sponsorship opportunities available include Corporate, Exclusive luncheon & Cocktail sponsor. Exhibition / catalogue display can be arranged upon request. Contact fiona@cmtsp.com.sg or (65) 6346 9138 |
17 Oct, 2018
03 Sep, 2018
01 Jun, 2018