China Petrochemical Market: Preparing for a new future
China has emerged as one of the largest consumers and importers of petrochemicals over the last decade. Demand for key petrochemicals such as polyethylene and polypropylene have doubled during this period.
Analysing China's market trends is key to forecasting demand and prices. Understanding the implications of these trends, the opportunities and challenges on petrochemical demand is crucial for market participants.
This comprehensive one-day programme is an essential guide for those analysing and forecasting trends in the fast-growing Chinese olefins, polyolefins, and aromatics markets.
Not right for you? Try our other Petrochemicals courses.
Benefits to you and your company:
Gain a comprehensive understanding of the complex China market covering olefins, polyolefins and aromatics market which will help you in doing business with this market as well as in analysing and forecasting future trends.
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By the end of the course, you will learn about:
- Recent developments in the Olefins Industry including demand and supply trends
- Opportunities and challenges in polyolefins covering key demand drivers and outlook for 2012
- The dynamics of the benzene, toluene and xylenes markets
- Review of paraxylene and purified terephthalic acid (PTA) markets
- Future Trends: China’s drive to self sufficiency and its implications; government policies that are likely to influence the petrochemical sector, strategies of Sinopec and PetroChina
Course fees:
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Morning
REGISTRATION
Introduction
China’s changing economy and how this is influencing petrochemical markets
- Update on the Chinese economy
- Assessing internal and external economic challenges and government response
- China’s new growth phase and new government priorities
- Developing domestic demand – the challenges
Olefins market review
- An introduction to the major players, capacities and demand trends
- China’s role in Asian olefin markets
- Rising imports – will this continue?
- The butadiene challenge – domestic supply versus demand
- The growing synthetic rubber industry
REFRESHMENTS
Polyolefins and PVC: an industry in transition
- Industry structure
- Local price mechanisms and key price drivers
- Futures trading and its influence on physical markets
- Geographical spread of consumption and major end-use segments
- Key market developments in 2011
- Demand and supply outlook for 2012
LUNCH
Afternoon
Dynamics of China’s aromatics industry
- Benzene and toluene markets – who are the key players and what is driving demand
- Major market changes and their implications
- Key developments in the styrenics and phenol chain and their influence on benzene
- Role of coal-based benzene
- Toluene and mixed xylenes demand drivers
REFRESHMENTS
Polyester and its raw materials (PX, PTA, MEG): what next?
- Evolution of the industry covering capacity and demand growth
- Key market developments
- China’s paraxylene challenge – will there be enough to feed PTA?
- The search for monoethylene glycol
- What’s happening downstream in polyester and its influence on feedstocks
Future Trends
- China’s 12th Five Year Plan and efforts to boost self sufficiency
- Feedstock availability
- Expansion plans of Sinopec and PetroChina
- Methanol-to-olefins – will it take off?
- The risks and opportunities for the petrochemical sector in the next five years
End of seminar
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John Richardson
John is a highly experienced journalist, who has been covering the chemicals industry for more than 15 years.
Based in Asia-Pacific, John has deep knowledge of the companies and people who have... read more
Nigel Davis
Nigel, a chemist by training, is Insight editor with ICIS and contributes regularly to the 24-hour online chemicals news service. The Insight column provides daily comment and analysis on the sector... read more
Malini Hariharan
Malini Hariharan has over 20 years of experience in tracking and analysing the petrochemicals industry.
She is currently responsible for content development of the training business at ICIS and... read more
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- New entrants to the industry and support staff already working in petrochemicals.
- Those with some experience wanting a refresher course and an overview of the key issues affecting the chemical industry.
- Purchasers of products based on petrochemicals who want an understanding of issues upstream of their businesses.
- Oil and gas players who sell feedstock to petrochemical producers.
- Manufacturers of finished products who buy raw materials sourced from the petrochemical industry.
- Service providers, including logistics companies and the financial community.
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