| 8:30 |
REGISTRATION + REFRESHMENTS
|
| 9:00 |
Welcome
|
| 9:15 |
Markets part I - market dynamics of the three main olefins
• Three primary olefins (ethylene, propylene, butadiene) and end uses
• Four bulk polymers - PE, PP, PS/EPS and PVC
• Consumption drivers, production and feedstock choice
• Regional issues and trends |
| 10:15 |
Markets part II - methanol and ammonia markets dynamics
• Main derivatives and consumption drivers
• Regional issues and trends |
| 10:45 |
REFRESHMENTS
|
| 11:00 |
Markets part III - aromatics
• Aromatics (benzene, toluene, paraxylene, orthoxylene)
• Consumption drivers, production and feedstock choice, trade
• Regional issues and trends |
| 12:00 |
Costs & profitability part I - cost of production
• Understanding cost of production
• Value vs cost vs price
• Profitability: margins, return on investment etc |
|
| 13:00 |
LUNCH
|
| 14:00 |
Syndicate exercise
• An exercise to calculate the cost of production of ethylene and polyethylene |
| 15:15 |
REFRESHMENTS
|
| 15:30 |
Costs & profitability part II - margins, spreads and profit
• Different measures of profitability
• Profitability within the value chain
• Competitiveness issues |
| 16:00 |
Petrochemical pricing
• Price setting mechanisms
• Inter-regional prices and inter-material prices
• Future price influences (short term and long term factors) |
| 17:00 |
Quiz/review
|
| 17:15 |
End of seminar
|
|
The organisers reserve the right to change the programme, speakers or venue should circumstances require.
