Given slow global economic recovery and spreading European sovereign debt crisis in 2012, China's economic growth slowed down and textile and apparel exports as well as domestic demand growth also fell sharply, bringing extra pressure to polyester industry chain which was in the new round of investment peak. During 2012, the rapid expansion of the polyester industry, especially PTA and polyester sectors, led to imbalance of market supply and demand. The operating situations of the enterprise deteriorated significantly with profits down from the 2010-2011 peak to bottom. Concerning the complicated macroeconomic situation full of uncertainties, how will the chemical fiber industry perform in 2013? How will PTA market structure evolve after the high-speed expansion? Will Tight-supply PX and MEG become the highlights of 2013 Market? What are the challenges and opportunities for the polyester industry amid expansion and competition?

To answer the above questions, Zhejiang Huarui Information Consulting Co, Ltd. (CCFGroup) will hold the 12th China Hangzhou Chemical Fiber Forum during March 6-8, 2013. During the forum, the leaders of the relevant state ministries, industry associations, the major raw material suppliers, polyester producers as well as upstream and downstream enterprises and traders from home and abroad will gather together to share their opinions about the macroeconomic situation in 2013, the industry operations, the opportunities and difficulties in depth.

In addition, MEG, the main raw materials for polyester products was widely expected to see tight supply, which attracted market attention. Meanwhile the coal-to-ethylene glycol technology was making progress and will greatly influence the polyester industrial pattern in the next few years. CCFGroup together with Guotai Jun'an Futures will host salon-style interactive discussion on 2013 commodity market trend, MEG supply and demand relationship, the coal-to-ethylene glycol technology development and polyester market trend with domestic and foreign MEG suppliers, the coal-to-ethylene glycol enterprises, mainstream polyester factories and domestic major warehousing service providers. We look forward to your participation.