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Outlook remains optimistic and cautious as Asia economies continues to drive growth in petrochemical markets

Posted on : 19 Apr, 2010

The whole chemical industry will be much better in 2010 than how it was last year’…’all market players are optimistic for the chemical industry; with international and domestic producers or traders active in purchasing feedstock’

Petrochemical analyst, Frost & Sullivan (2010)

 

Uncertainty reigns in the market as crude prices hovers at US$80-US$85 per barrel levels but will it climb to new highs or will it move downwards? Whichever way it goes, this will affect petchem feedstock costs. Petrochemical producers will need to take this in their stride and manage the different feedstock options available while optimizing cracker profitability. China and India continue to be the economic titans in Asia, driving petrochemical demand as growth surpass expectations in these 2 countries. Can this demand be sustained to absorb excess capacities expected to come on stream?

 

17^th Asia Petrochemical Summit will address these concerns, provide an independent, all-round update on the petchem value-chain and opportunities in an uncertain market.

 

Confirmed speaker panelists to date:

 

Stan Park, Deputy Managing Director, Petrochemical Corporation of Singapore; to share insights on volatile crude prices and the refining margins impact on the petchem feedstocks (ethane, condensates, naphtha, lpg). 

 

Darren Smith, Managing Director – Asia, CMAI; providing a broad review and updates on the dynamics of Asia’s petrochemical industry.

 

Keep 17^th Asia Petrochemical Summit on your ‘watch-list’. Full details on the two-day summit will be updated soon.

17^th Asia Petrochemical Summit is THE Must-Attend conference for all petrochemical professionals and consultants this year.

 

Click here to submit your team’s registrations online.

 

Interested sponsors and media partnership arrangements can email enquiries to Ms. Grace Oh, Marketing Manager at grace@cmtsp.com.sg