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During the session of the second day, six speakers presented their speeches and we invited Roger Lee, Managing Director of Tecnon OrbiChem Ltd. as the conference chairman.
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Zhang Youding, Deputy Section Chief of Synthetic Fiber Division of Sinopec Chemical Products Sales Company, gave his presentation with the topic Status quo and Future Development of China Polyester Industry.
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Wang Yingzhi, Deputy Chief of Quality Control Section from CTIEI gave a speech focusing on PTA demand and technology progress: after enjoying good margin for two years, there will be challenges from increasing integrated polyester fiber producers in downstream. What changes will take place in the market, and what will technology progress bring to us?
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With detailed and abundant data, Xie Shimin, Analyst of CCFEI gave analysis on post-crisis global macro-economic environment and the currency game, referring to US dollars, bulk stock, securities, currency strategies and trading barriers, with macro-economic approach and perspective on textile market future.
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After the coffee break, Michelle Yang, Consultant of Tecnon OrbiChem Ltd., gave analysis on future changes of global fundamental of PX and PTA: after successive PTA expansion, what changes will take place to the role of PTA and PX? Will PTA producers be able to maintain high margins?
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Xu Zhilong, an independent analyst from Zhejiang Hengyi Group took an review on the polyester chain in 2010, beginning with PX and stretching to textiles, referring to market fundamental and margins, and he also introduced the evolution of PTA pricing system.
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With fast expansion of PX capacity in China, it will be the run rates of producers rather than overall capacity to be the key factor to influence supply/demand balance. Wang Jianli from the chemical-focused LT361.COM of CCFEI gave analysis on factors behind PX plant operation and pricing with a petrochemical view.
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12:00¡ª7th China International Polyester & Intermediates Forum came to a successful close.
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