Foreword
ForewordBackground：
Global economy recovered slowly in 2013. Though stock market performed well, bulk commodity kept slipping with cooling sentiment. The economic data in Euro zone indicated a recovering scene, however, the emerging economies faced challenges again while U.S. was seeking break through for increasing revenue and reducing expenditure. Domestically, structure adjustment and economic reform became the priority and government supporting policy gradually faded out. Domestic demand development faced challenge. On one hand, some emerging countries kept lifting interest rate up and U.S. arranged to scale down QE. On the other hand, prices of commodities continued slipping in Europe and U.S. with the shadow of inflation. Where will the future economic policies head? When will bulk commodity be in good climate again?
Global economy recovered slowly in 2013. Though stock market performed well, bulk commodity kept slipping with cooling sentiment. The economic data in Euro zone indicated a recovering scene, however, the emerging economies faced challenges again while U.S. was seeking break through for increasing revenue and reducing expenditure. Domestically, structure adjustment and economic reform became the priority and government supporting policy gradually faded out. Domestic demand development faced challenge. On one hand, some emerging countries kept lifting interest rate up and U.S. arranged to scale down QE. On the other hand, prices of commodities continued slipping in Europe and U.S. with the shadow of inflation. Where will the future economic policies head? When will bulk commodity be in good climate again?
Focus：
As for the industry, capacity of polyester industry kept expanding. PTA run rates declined obviously when digesting idle capacity. Capital problem emerged and a cautious mood prevailed. How will the market structure reform in 2014? How will PTA capacity expansion impact the industrial chain? Will PX lose its dominate power? Which role will MEG play? Will the industry get pulled out of the bottom and revive?
As for the industry, capacity of polyester industry kept expanding. PTA run rates declined obviously when digesting idle capacity. Capital problem emerged and a cautious mood prevailed. How will the market structure reform in 2014? How will PTA capacity expansion impact the industrial chain? Will PX lose its dominate power? Which role will MEG play? Will the industry get pulled out of the bottom and revive?
Highlight：
To answer the above questions, Zhejiang Huarui Information Consulting Co, Ltd. (CCFGroup) will hold the 13th China Hangzhou Chemical Fiber Forum during March 12-13, 2014. 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 2014, the industry operations, the opportunities and difficulties in depth.
To answer the above questions, Zhejiang Huarui Information Consulting Co, Ltd. (CCFGroup) will hold the 13th China Hangzhou Chemical Fiber Forum during March 12-13, 2014. 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 2014, the industry operations, the opportunities and difficulties in depth.
