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The 10th China International Polyester & Intermediates Forum, organized by China
Chemical & Fiber Economic Information Network (CCFEI) and Tecnon OrbiChem, is held
at 9:00 a.m., 11 Jul, 2013 in Minya Hotel, Shanghai, China, with Galaxy Futures
as the main sponsor and Wenzhou Yufeng Chemical Fiber Machinery as supporter. Leading
players from home and overseas, including BP, Far Eastern Industry, Hengli, Hengyi
Petrochemical, Honam Petrochemical, MEGlobal, PetroChina, Sabic, Sinopec, Reliance,
Rongsheng, Yisheng Petrochemical...etc., are gathering to exchange ideas about the
polyester chain.
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The morning session of first day starts with Roger Lee, Managing Director of Tecnon
OrbiChem as Chairman, and Zhu Boliang, General Manager of CCFEI presenting the opening
speech. In his speech, Mr. Zhu gives a review to the relatively flexible monetary
policy of China government in 2013, and pointed to the main theme of the 2013 Forum:
in 2013, under the leadership of new governing team, how should chemical fiber enterprises
adapt themselves to changes and enhance competitive strength?
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The first speech of morning session is presented by Hu Xiaopeng from Shanghai Academy
of Social Sciences. Mr. Hu shares his analysis on market future, referring to persistent
weakness of the real economy, increasing pressure in GDP growth, slowing down growth
of banks, and the urgency of transformation.
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Wang Yuping, the newly appointed Secretary General of China Chemical Fibers Association
introduces status quo of chemical fiber and polyester industries in China, pointing
out that the sustainable competitive strength of China¡¯s polyester fiber industry
in the future lies with transformation of developing mode, technology innovation,
brand construction, green economy, and internationalization.
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After the coffee break, Ringo Leung talks about MEG market. As Global Supply Chain
Director of MEGlobal International, one of the Top 3 MEG suppliers of the world,
Mr. Leung describes status quo of the market, while touches future highlights such
as technology reformation and capacity expansion, etc.
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Alejandro Martinez Rubi, Sales & Marketing Director of Cepsa Quimica S.A., which
is the second large PIA supplier of the world and the largest in Spain. In his speech
focusing on PX, PTA and PIA markets, he argues that self-sufficiency of PX will
greatly benefit PTA suppliers, while comprehensive competitiveness will be of crucial
importance to polyester producers.
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The afternoon session starts with Feng Jie, Research Director of Galaxy Futures
as the chairman.
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Yang Qing, Deputy General Manager of Galaxy Futures, the main sponsor of the Forum
delivers an address, welcoming participants to join them in the Galaxy Futures Cocktail
Party later in the afternoon.
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Fan Jinsong, PTA Head of Galaxy Futures, the first futures company of sino-foreign
joint venture in China, introduces status quo of polyester chain in 2013 covering
from PX to textile, and provides investment advices against the backdrop of structural
reform of the industry chain.
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R.D.Udeshi, President Polyester Chain of Reliance Industries introduces integrated
approach of polyester production, focusing on difficulties facing the industry and
solutions. As the largest petrochemical enterprise in India, Reliance¡¯s polymer
capacity around the world will reach 4 million ton/year, enhancing its status as
a major world supplier.
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Zhang Feng, Special Consultant of BGPET chip market, shares with us his research
on marketing strategy in BGPET chip market. Mr. Zhang used to work for leading Chinese
suppliers including China Resources Polyester, Sanfangxiang Group and Jiangyin Chengold
Packaging Materials. After retirement, Mr. Zhang continues with his research to
help China¡¯s BGPET industry to get rid of the pressure from excess capacities.
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Cecile Bourland, Marketing Manager for PET specialties of M&G Finanziaria introduces
M&G Group bioPET project: A technological breakthrough for sustainable packaging.
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After the first day sessions, Galaxy Futures hosts the Galaxy Futures Cocktail Party,
which provides a networking opportunity for participants to exchange ideas about
industry hot issues such as macro-economy environment, profit distribution across
the industry chain and capacity expansion, etc.
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Above is the on-spot report for the first day sessions, and there will be more to
come tomorrow.
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