Market Briefing @ APIC 2023

The Chancery Hall . Pride Plaza Hotel Aerocity
17th May 2023

 

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Conquering Market Turbulence

Agenda

2:00 pm

Registration & Networking

The Chancery Hall, Pride Plaza Hotel

2:30 pm

Chemical Market Fundamentals: Is the future better or worse?

Dewey Johnson, Senior Vice President, Global Head of Chemical Market Analytics

Petrochemical markets have been buffeted for several years by extremely strong forces including:  COVID related trends, logistics constraints, energy price volatility, and geopolitical upheaval.  2023 begins with pessimistic expectations for key global economies, continued energy and political uncertainty, and overcapacity in many significant chemical markets.  At the same time, the industry has been challenged to become more sustainable.  Overcoming adverse market conditions, addressing decarbonization and plastics circularity while continuing to deliver shareholder value are the industry’s defining challenges.

2:50 pm

Olefins – Navigating market turbulence

Mike Park, Director, Asia Olefins

Unprecedented olefin capacity additions have led to global oversupply, particularly in Asia. While low-cost producers are expected to be in a better position to handle trough market conditions, all regions are expected to see depressed margins for an extended period of time. The key questions will be how long the downcycle will last in each ethylene and propylene market, how the market will react during the duration of the downcycle, and how the market will restructure. These topics and more will be discussed.

3:10 pm

The two worlds of Methanol

Mike Nash, Vice President, Global Syngas Team Lead

Current methanol feedstocks are almost exclusively natural gas and Chinese coal. Demand growth in the last ten years has been largely driven by MTO, with strong fuel growth. But with growth into fuels and MTO declining, future demand will be driven more by traditional chemical derivatives, with methanol into marine fuel a wildcard. The industry is now beginning its decarbonization journey, with some consumers looking to purchase green, not grey methanol. Chemical Market Analytics will look at the likely evolution of the methanol industry over the next decade, and the implications for pricing, supply-demand, trade, and the types of companies participating in the market.

3:30 pm

Panel Discussion

Moderator: Dewey Johnson, Senior Vice President, Global Head of Chemical Market Analytics

3:45 pm

Navigating the market volatility & unpredictability

Utpal Sheth, Executive Director, Asia Plastics & Polymers

Global Polyolefins business is battling unprecedented macroeconomic challenges. Weak demand recovery in China, geopolitics leading to high energy prices, supply chain dynamics, and Stagflation are just a few of these factors affecting demand for polyolefins. Unprecedented polyolefin capacity additions are further exacerbating the supply–demand chasm. We will discuss the impact of these dynamics on new capacity additions, short to medium-term supply, demand outlook, cost, price, and margins.

4:05 pm

Inorganics: Powering through the recession

Gordon Kuo, Associate Director for the Global Chlor-alkali/Vinyls

Chlor-vinyls capacity overbuild translated to generally poor industry returns in the first two decades of this century. However, the capacity tide has changed. While some petrochemicals are facing near-term excess capacity challenges, chlor-vinyls demand roared back after the COVID recession, revealing that demand had fundamentally grown into the previous excess capacity and elevating returns to re-investment levels. But the party was short-lived in some parts of the globe as the twin demons of high energy costs and inflation-induced interest rate hikes attacked European electricity prices and global construction demand, respectively. This discussion will explore the near- and mid-term projections for the global chlor-alkali and vinyls industries, with commentary on special considerations by region that are expected to steer the course of these two related markets as they power through the challenges of a potential new recession

4:25 pm

The Refining and Aromatics Conundrum

Ashish Pujari, Vice President, Aromatics and Fibres

Aromatics products directly impact the costs, margins, and supply-demand positions of multiple downstream industries such as styrenics, nylon, polyester, polyurethanes, and phenolics. As the global gasoline market comes off the back of a strong 2022, will 2023 be similarly strong and how will it affect aromatics feedstock availability in the short, medium, and long term? With additional new capacities coming up in mainland China, how will the China demand recovery story pan out for downstream derivatives and what will this mean towards self-sufficiency for the largest market in Asia today?

4:45 pm

Panel Discussion

Moderator: Dewey Johnson, Senior Vice President, Global Head of Chemical Market Analytics

5:00 pm

Closing and Networking

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APIC 2023 Market Briefing Speakers

Dewey Johnson

Senior Vice President, Global Head of Chemical Market Analytics Chemical Market Analytics by OPIS

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Mike Nash

Vice President, Global Syngas Team Lead | Americas Acetyls Lead Chemical Market Analytics by OPIS

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Gordon Kuo

Associate Director, Asia Vinyls Chemical Market Analytics by OPIS

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Ashish Pujari

Vice President, Asia Aromatics | Global Polyurethane Feedstocks | Polyester Fibers & Feedstocks | Polyester Stream Chemical Market Analytics by OPIS

Read Bio

Mike Park

Director, APAC Ethylene & Propylene Chemical Market Analytics by OPIS

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Utpal Sheth

Executive Director, Asia Plastics & Polymer Chemical Market Analytics by OPIS

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Dewey Johnson

Dewey Johnson Senior Vice President, Global Head of Chemical Market Analytics Chemical Market Analytics by OPIS

Dewey Johnson is Senior Vice President & Global Lead of Chemical Market Analytics by OPIS, a Dow Jones Company (“Chemical Market Analytics”).

IHS Markit Global LLC (“IHS Markit”) was acquired by S&P Global in February 2022. As part of the merger, IHS Markit Base Chemicals was spun off and separately acquired by Dow Jones and renamed “Chemical Market Analytics” in June 2022.
Dewey is responsible for the global business, including insight and research covering the major chemical value chains including Aromatics and Fibers, Olefins and Derivatives, Inorganics (chlor-alkali, vinyls, and soda ash), Plastics and Polymers, and Syngas Chemicals (methanol, acetyls, and ammonia). Dewey is based in Houston.

Prior to Chemical Market Analytics, Dewey joined IHS Markit (through legacy CMAI) in 2009. His experience in the petrochemical industry covers all aspects of the business- financial, commercial, operations, research, strategy design and business planning, business development, as well as consultancy. Prior to IHS Markit, he was with Eastman Chemical Company, where he spent more than 25 years in strategic and commercial roles with various business groups and corporate functions. Dewey held management positions in commercial development, global sourcing, P&L for key businesses, market development, and market & strategic analysis of chemical markets and businesses. Dewey has led multiple complex engagements in strategy development and execution, global sourcing of Aromatics & olefins derivatives and industrial gases, business simulation & game theory and dynamic modeling, sales/ marketing, and business development. Dewey received BS and MS engineering degrees from Tennessee Technological University and Virginia Polytechnic Institute. He also earned an MBA in General Management. Dewey has been a frequent guest lecturer at MIT Sloan School of Management, UVA Darden School of Management, and SUNY at Albany School of Public Policy.

Mike Nash

Mike Nash Vice President, Global Syngas Team Lead | Americas Acetyls Lead Chemical Market Analytics by OPIS

Mr. Mike Nash is the Vice President for Syngas Chemicals (including the methanol and acetyls practices) at Chemical Market Analytics.

He works with a global team of regional consultants and overlays their analyses with a global perspective. His responsibilities include the weekly World Methanol Report and monthly World Methanol Analysis, including the weekly and monthly Global Acetyls Market Reports and the related World Analyses for Methanol, Acetyls, and Formaldehyde.

Before joining the IHS Markit base chemicals business (now known as Chemical Market Analytics) in September 2012, Mr. Nash worked for BP’s petrochemicals division for 19 years preceding a two-year stint in Total’s UK fuels business. He performed various commercial roles within BP, in international business management, marketing, project management, and logistics, based in London, Duesseldorf, and Kuala Lumpur. His last role in the Total UK was the Logistics Director for Specialties.

Mr. Nash holds a Master of Arts in English Language and Literature from Edinburgh University, UK, and a Master of Business Administration from Kingston University, UK.

Gordon Kuo

Gordon Kuo Associate Director, Asia Vinyls Chemical Market Analytics by OPIS

Gordon Kuo is the Associate Director for the Global Chlor-alkali/Vinyls team at Chemical Market Analytics.

Mr. Kuo is the associate director of the Global Vinyls/Chlor-alkali team at Chemical Market Analytics. He specializes in the polyvinyl chloride (PVC), vinyl chloride monomer (VCM), and ethylene dichloride (EDC) markets in Asia and contributes to several reports on these topics. He has many years of experience and an in-depth understanding of the vinyls industry. He held multiple roles with Taiwan VCM Corporation (TVCM) and China General Plastics Corporation (CGPC), a USI Group member. His previous responsibilities include salt/ethylene/EDC procurement, VCM sales in Asia, VCM/PVC production and operation management, marketing and cost analysis, and integrated vinyls business strategy. He holds a master’s degree in chemical engineering from National Taiwan University, Taiwan.

Ashish Pujari

Ashish Pujari Vice President, Asia Aromatics | Global Polyurethane Feedstocks | Polyester Fibers & Feedstocks | Polyester Stream Chemical Market Analytics by OPIS

Ashish Pujari serves as Vice President of Aromatics and Fibres in the Chemicals team at Chemical Market Analytics in Singapore.

Mr. Pujari has responsibility for the Asian Aromatics business and Global Fibres and Feedstocks business and is the service leader for subscription services covering the global Polyester, and the Asian Aromatics value chain. He also provides commercial leadership to the Polyurethanes Service within the Base chemicals group. Apart from the regular market and outlook updates, Mr. Pujari also leads initiatives in creating and updating the long-term outlook for the polyester value chain. He has also been involved in numerous consulting studies since joining the firm. Prior to joining Chemical Market Associates, Inc. (CMAI) in 2009, Mr. Pujari gained 15 years of experience with Reliance Industries Limited in India. He started his career as a project and operations engineer and was involved in the startup and commissioning of the Hazira complex on the west coast of India. He shifted to the commercial role in mid-1998 and worked as a business analyst for Reliance’s executive management before shifting to a sales and marketing role, handling Fibers Intermediates. Mr. Pujari holds a B.E. in chemical and polymer engineering from Maharashtra Institute of Technology, Pune, India, and completed his Executive MBA, at the Indian Institute of Management (IIMB), Bangalore, India.

 

Mike Park

Mike Park Director, APAC Ethylene & Propylene Chemical Market Analytics by OPIS

Mike Park is Director for Asia light Olefins and propylene derivatives at Chemical Market Analytics. 

Mr. Park is responsible for covering Asia light olefins and propylene derivatives including acrylic acid, acrylates, SAP, MMA, oxo alcohols, and plasticizers. He has been contributing to various market advisory services and world analyses for hundreds of global clients since 2017. His distinguished career has spanned 15 years in the petrochemical and chemical industries. Before joining Chemical Market Analytics, Mr. Park worked at LG Chem in Korea for 10 years responsible for sales and marketing propylene derivatives.

Mike is based in Singapore.

 

Utpal Sheth

Utpal Sheth Executive Director, Asia Plastics & Polymer Chemical Market Analytics by OPIS

Utpal Sheth serves as the Executive Director for Research and Analysis at Chemical Market Analytics

Mr. Sheth led the regional Plastics Team in Singapore. He brings with him extensive industry experience and knowledge of 28 years in Asia and the Middle East. As a part of his current assignment, apart from leading the Weekly Regional Plastics Service, he contributes to various Market Advisory services as well as supports various consulting activities as an expert in the Polyolefins business.

He joined CMAI (now division of Chemical Market Analytics) as Director of Polyolefins / PVC for the Middle East and Indian Subcontinent at our Dubai office in October 2007. In July 2014, he has relocated to Singapore to lead the Plastics Service in Asia – Middle East. Prior to joining CMAI, Utpal had worked in the Sales and Marketing functions at Petrochemical Companies in India and the Middle East.

He is a Plastics Engineer and Master in Business Administration (Marketing). Apart from English, he can communicate in Hindi and Gujarati.

Location

The Chancery Hall
Pride Plaza Hotel
Aerocity, New Delhi

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