ENMORE: 14th China Methanol & Derivatives Forum 2015
30 January 2015 - 6:25PM
Business Wire
March 17th-19th,
2015, Qingdao, China
The 14th China Methanol & Derivatives Forum
2015 will be held by ENMORE on March
17th-19th, in Qingdao,
China. More than 300 delegates from China and overseas are
expected to share updates on China’s methanol and downstream market
and seek cooperation.
In 2014, the methanol market experienced an unprecedented slump.
In September 2014, the natural gas price downturn led to gas
enterprises’ output reduction and suspension. Particularly in
December 2014, the natural gas price dropped constantly due to
nosedive of the crude oil market. In the meantime, methanol units
for coal-to-olefins (CTO) project were put into production, so that
China’s total methanol capacity exceeded 70 million tons. In the
second half of 2014, international oil price suffered a heavy blow
and plummeted continuously from US$ 107 per barrel in June. As at
the beginning of January 2015, both WTI and Brent fell below US$
50, which struck a serious blow at such energy industries as coal,
natural gas, and shale gas and shale oil, etc.
In China, the oil price has dropped below the coal chemical
products’ breakeven point, signifying that the coal chemical
industry yields no profits. Some analysts predicted that if the oil
price continues the trend of downturn for two or three more months,
the coal chemical industry will encounter a dilemma: more output
results in more losses. As a result, a lot of coal chemical
enterprises have to face the risk of cash flow rupture.
Some of the topics to be discussed:
- Against the backdrop of the nosedive of
the crude oil market, bulk commodities witness a trend of decline
on the whole. How will the methanol industry cope with challenges
and survive?
- Some of MTO units, which were newly
established in 2014, will be put into production, so capacity in
2015 will increase largely. What are the future opportunities? What
about the preparatory work for construction and operation of
newly-increased MTO units?
- Will China’s import and export market
see significant changes on the premise of China’s methanol price
following the international trend of decline?
- Traditional downstream methanol
industries are gloomy. Will they achieve further development and
find a way out in the future?
- What deserves high attention in
operation with the change of the futures trading rules?
About ENMORE
ENMORE, formerly CBI China, as one of the largest event
organizers, offers excellent learning, sharing and networking
opportunities to senior level executives from various industries.
Thanks to ENMORE China’s solid industry resources, its conferences
and exhibitions focus on hot industry issues, up-to-date market
situations and industry development trends. Since 2000, ENMORE has
successfully organized over 1,200 events in more than 40 cities
around the world.
ENMOREEllen Fan, +86-21-5155 1240ellenfan@enmore.com