Aromatics & Fibers

Keeping Pace with the Rapidly Changing
Global Aromatics & Fibers Markets

Aromatics products directly impact the costs, margins, and supply-demand positions of multiple downstream industries such as styrenics, nylon, polyester, polyurethanes, and phenolics. Aromatics experts from Chemical Market Analytics understand the strategic market drivers for your aromatics and derivatives business
and can explain critical market developments.

Aromatics and Fibers Strategic Insights

Sustainability

Although more pressing crises are focusing attention on aromatics producers, sustainability remains a key objective to avoid plastic recycling taxes and anticipated future emissions charges. Development work is progressing in the polyester, styrenics,  polyurethane, and nylon chains, as well as other areas. Long- term this will impact virgin demand for intermediate products or feedstocks

Mainland China Growth

The covid pandemic has softened demand growth in the largest petrochemical market in the world which represents an important outlet for many aromatics producers, but this has created uncertainty about future growth and the consequent utilization of aromatics quality

Mainland China Self-Sufficiency

Mainland China has undergone a period of rapid capacity expansion in aromatics over recent years, moving the country significantly closer to self-sufficiency for benzene, styrene, phenol, and paraxylene, which will reduce imports from other locations by half or more over the next five years

Crude to Chemicals Capacity Investments

Also located in mainland China have been newly integrated refinery petrochemical sites with a high yield of naphtha and reduced fuel production. These sites continue to be constructed and represent low-cost production capacity relative to other units across Asia

Refinery Rationalization

Refinery rationalizations are expected to threaten aromatics feedstock availability in the long-term and this has been evident in the summer of 2022 through the sudden tightness in octane boosters such as mixed xylenes and toluene, increasing costs for downstream aromatics derivatives

Carbon Emission Allowance

The launch of a CEA (carbon emission allowance) scheme for petrochemicals is anticipated over the next 4-5 year period in mainland China, changing the cost structures of aromatic producers

 

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Near-Term Solutions


Gain Clarity Needed to Navigate the Changing Polyurethane Feedstocks Market Dynamics.

The Global Polyurethane Feedstocks Market Advisory Service provides accurate price analysis and market intelligence to give a current, independent perspective of polyurethane (PU) feedstock markets (MDI, TDI, propylene oxide, and polyether polyols) enabling clients to navigate the market uncertainty ahead.



Aromatics Assists Clients with the Complex Tasks of Tracking, Evaluating, and Forecasting Change in the Quickly Shifting Aromatics Industry.

Managed by our consultants in Singapore, Asia Aromatics offers clients a comprehensive view of Asian markets for aromatics and derivatives, including an in-depth analysis of economic concerns, trade, and operational issues impacting the industry. Through continual, personal contact with key industry sources, our consultants gather and study industry-specific data, then analyze and translate it into valuable insights and forecasting advice.
Clients receive global weekly market updates and regional monthly market analysis, plus a supplement that provides critical supporting data. Monthly regional Market Advisory Services include our prices, unique metrics, and real-time news and intelligence.



Europe Aromatics Assists Clients with the Complex Tasks of Tracking, Evaluating, and Forecasting Change in the Quickly Shifting Aromatics Industry.

Managed by our consultants in London, who bring years of experience and close ties to industry sources, Europe Aromatics offers clients a comprehensive view of European markets for aromatics and derivatives, including an in-depth analysis of economic concerns, trade, and operational issues impacting the industry. Through continual, personal contact with key industry sources, our consultants gather and study industry-specific data, then analyze and translate it into valuable insights and forecasting advice.

Clients receive global weekly market updates and regional monthly market analysis, plus a supplement that provides critical supporting data. Monthly regional Market Advisory Services include prices, unique metrics, real-time news, and intelligence.



Global Nylon Fibers & Feedstocks Report Helps Clients Monitor and Assess Current and Future Market Dynamics for Key Nylon Fiber Types and Their Primary Feedstocks.

In a rapidly fluctuating industry, our weekly and monthly service provides the essential data you need to optimize your market position. Global Nylon Fibers & Feedstocks report provides a comprehensive view of world markets for the entire nylon value chain, from upstream caprolactam to downstream fiber chip and more. Through continual, personal contacts with key industry participants, our consultants gather data specific to the nylon 6 and 6,6 value chains which they then analyze and translate into meaningful insights and forecasting advice. Clients receive weekly and monthly near-term price outlooks and detailed descriptions of key market indicators.



Global Polyester Fibers & Feedstocks Helps Clients Understand the Current and Future Market Dynamics for Key Polyester Fiber Types and their Feedstocks.

In a rapidly fluctuating industry, our weekly and monthly service provides the essential data you need to optimize your market position. Below are just several of the issues faced by the stakeholders in the polyester value chain.

  • New market entrants into Asia and the Middle East
  • Consolidation in Europe and the Americas
  • Volatility in production costs.

Global Polyester Fibers & Feedstocks helps you successfully navigate this ever-changing landscape by leveraging our comprehensive analysis of world polyester markets, from upstream feedstock suppliers to downstream fiber producers and consumers.

Through regular, personal contact with key industry players, our chemical consultants gather industry-specific data, which they then analyze and translate into valuable insights and forecasting advice. Clients receive weekly price data, including extensive monthly coverage of price forecasts and key market fundamentals.



North America Aromatics Provides Critical Market Information for Benzene, Toluene, Mixed Xylenes, PTA, Paraxylene, Cumene, Phenol, Styrene, and Cyclohexane.

Managed by our consultants in Houston, North America Aromatics offers clients a comprehensive view of North American markets for aromatics and derivatives, including an in-depth analysis of economic concerns, trade, and operational issues impacting the industry. Through continual, personal contact with key industry sources, our consultants gather and study industry-specific data, then analyze and translate it into valuable insights and forecasting advice.

Clients receive global weekly market updates and regional monthly market analysis, plus a supplement that provides critical supporting data. Monthly regional Market Advisory Services include prices, unique metrics, and real-time news and intelligence.

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Long-Term Solutions

  • Long-term supply-demand database updated bi-annually
  • Real-time global capacity database
  • Detailed country-level trade grids updated bi-annually
  • 10-year forecasts for the price, cost, and margin updated quarterly
  • Upside and downside sensitivities
  • Strategic market assessments


  • Long-term supply-demand database updated bi-annually
  • Real-time global capacity database
  • Detailed country-level trade grids updated bi-annually
  • 10-year forecasts for the price, cost, and margin updated quarterly
  • Upside and downside sensitivities
  • Strategic market assessments

  • Long-term supply-demand database updated bi-annually
  • Real-time global capacity database
  • Detailed country-level trade grids updated bi-annually
  • 10-year forecasts for the price, cost, and margin updated quarterly
  • Upside and downside sensitivities
  • Strategic market assessments



  • Long-term supply-demand database updated bi-annually
  • Real-time global capacity database
  • Detailed country-level trade grids updated bi-annually
  • 10-year forecasts for the price, cost, and margin updated quarterly
  • Upside and downside sensitivities
  • Strategic market assessments


  • Long-term supply-demand database updated bi-annually
  • Real-time global capacity database
  • Detailed country-level trade grids updated bi-annually
  • 10-year forecasts for the price, cost, and margin updated quarterly
  • Upside and downside sensitivities
  • Strategic market assessments


  • Long-term supply-demand database updated bi-annually
  • Real-time global capacity database
  • Detailed country-level trade grids updated bi-annually
  • 10-year forecasts for the price, cost, and margin updated quarterly
  • Upside and downside sensitivities
  • Strategic market assessments


  • Long-term supply-demand database updated bi-annually
  • Real-time global capacity database
  • Detailed country-level trade grids updated bi-annually
  • 10-year forecasts for the price, cost, and margin updated quarterly
  • Upside and downside sensitivities
  • Strategic market assessments


  • Long-term supply-demand database updated bi-annually
  • Real-time global capacity database
  • Detailed country-level trade grids updated bi-annually
  • 10-year forecasts for the price, cost, and margin updated quarterly
  • Upside and downside sensitivities
  • Strategic market assessments


  • Long-term supply-demand database updated bi-annually
  • Real-time global capacity database
  • Detailed country-level trade grids updated bi-annually
  • 10-year forecasts for the price, cost, and margin updated quarterly
  • Upside and downside sensitivities
  • Strategic market assessments


  • Long-term supply-demand database updated bi-annually
  • Real-time global capacity database
  • Detailed country-level trade grids updated bi-annually
  • 10-year forecasts for the price, cost, and margin updated quarterly
  • Upside and downside sensitivities
  • Strategic market assessments

Aromatics and Fibers Global Team

Duncan Clark

Duncan Clark Vice President, Global Aromatics & Fibers Team Lead Chemical Market Analytics by OPIS

Duncan Clark is the Vice President of the Global Aromatics and Fibers business at Chemical Market Analytics.

Duncan Clark is the vice president of Global Aromatics and Derivatives, based in Chemical Market Analytics’ London office. Duncan joined the company in 2013 as the EMEA Aromatics Director, taking over the global Aromatics team leadership in 2017. Duncan has 40 years of experience working in the global petrochemical and chemical industries in various Sales, Marketing, Corporate Business Development, Business Management and Consultancy roles.

Duncan maintains a view of global developments in all major aromatics markets and works closely with petrochemical producers, consumers and financial institutions worldwide, providing insight and future expectations. He has specific expertise in the polyester feedstocks markets. He is a regular speaker at Chemical Market Analytics’ regional conferences. He leads a global team of Aromatics consultants and analysts. He is responsible for the commercial strategy and client support for a broad portfolio of Aromatics services focused on individual aromatics value chains. He also regularly forms part of the project team for Chemical Market Analytics’ single client studies.

Before this, Duncan spent ten years working in an ExxonMobil / Shell joint venture company involved in fuel and lubricant additives and visited refineries worldwide. He also spent 12 years working for Air Products in various chemical and industrial gas businesses in the UK, U.S., and Netherlands. He now provides insights into the global aromatics and derivative markets, including paraxylene, purified terephthalic acid, ethylene glycols, polyurethane feedstocks, and the global benzene, toluene, and xylenes markets.

Mr. Clark has a Bachelor of Science in Chemical Engineering from University College London and a Master of Business Administration from Manchester Business School.

 

Ashish Pujari

Ashish Pujari Vice President, Asia Aromatics & Fibers Chemical Market Analytics by OPIS

Ashish Pujari is the Vice President of Aromatics and Fibres at Chemical Market Analytics in Singapore.

Ashish Pujari is the Vice President for Aromatics and Fibers in Asia. He has over 30 years of experience in the petrochemical industry, mainly focused on the polyester and raw material value chain, which stretches from project design, operations, sales & marketing and business development. Over the past 15 years, he has focused on market research and consulting for the polyester and raw material industry. He is responsible for providing thought leadership to the sector and guiding our long-term forecasts.

Ashish works with the Asian petrochemicals industry and coordinates support across the value chains. His current products of focus are Paraxylene, terephthalic acid (PTA) and Polyester, covering the regional dynamics and guiding the global outlook. He also actively continues to focus on sustainability developments in the polyester sector. Ashish has also been instrumental in launching several reports, including the pricing reports for Aromatics in Asia and the Global Polyurethanes & Feedstock report.

Ashish joined CMAI in 2009, with a responsibility to cover the Asian PX and polyester markets and has taken additional responsibilities through our transition to Chemical Market Analytics. Before joining CMAI, Ashish worked for Reliance Industries Ltd. (RIL) in India and was leading the M&A activity in the polyester sector at the time of his exit in 2009. Ashish joined RIL as a fresh engineer in 1994 in the project design and construction group and later progressed to operations. He also worked in sales & business development, becoming the North India regional sales lead for raw materials.

Ashish holds a Bachelor of Engineering (Polymers & Chemical) from the University of Pune, India, as well as an Executive Management diploma from the Indian Institute of Management, Bangalore.

 

David Potter

David Potter Vice President Aromatics and Fibers, EMEA Chemical Market Analytics by OPIS

David Potter is Vice President of Aromatics and Fibers, EMEA, at Chemical Market Analytics.

David joined the Chemical Market Analytics team in January 2013 and is Vice President for the EMEA team, with product responsibility for pygas and benzene. David has expertise across several markets within the aromatics and fibers sector, including styrene monomers, phenolics, polyurethane feedstocks and ethylene oxide and derivatives. Between 2016-2018, David had global responsibility for Chemical Market Analytics daily pricing and market update reports for aromatics and light olefins.

David joined the Chemical Market Analytics team from Platts, where he was an editor in the petrochemicals team responsible for price discovery, assessment, and editorial content on various petrochemical markets. However, David mainly focused on aromatics, where he was responsible for the benzene market coverage for over five years.

Before his time at Platts, David worked for Petrochem Carless (now Haltermann Carless) for eight years between 1999-2007. He undertook many commercial roles here, including product management and customer service manager. He was responsible for buying and selling many different aliphatic and aromatic products, ketone solvents, antifreeze and glycols, plus undertaking many roles around road, rail and shipping logistics.

David has a Bachelor of Arts in Media and a postgraduate diploma in Periodical Journalism.

 

Prem Chitkara

Prem Chitkara Executive Director, Polyester Fibers, Glycols & EO Derivatives Chemical Market Analytics by OPIS

Prem is the Executive Director of Polyester Fibers, Glycols & EO Derivatives for the European, Middle-East, and African markets.

Prem Chitkara is the executive director for polyester fibers, glycols & EO derivatives in Europe, the Middle East and Africa (EMEA region) at Chemical Market Analytics. With over 30 years of experience, Prem is a key resource within the business for understanding and insight into polyester fibers, glycols and ethylene oxide (EO) derivatives.

He works closely within the EMEA region with various stakeholders, including manufacturers & buyers, convertors, end consumers and financial industries, bringing support and guidance through the polyester and EO chains. His current area of focus includes oversight of the ‘Global Polyester Fibers and Feedstocks’ reports as well as primary input and insight for the ‘Market Advisory – Global Ethylene Oxide, Glycols and EO Derivatives,’ ‘World Analysis- Polyesters’ and ‘World Analysis- Ethylene Oxide and Monoethylene Glycol (MEG).’

Prem has rich and diverse industry experience globally in manufacturing, technical, expansion projects, sales & marketing, and business development, supporting him in his current role. Before joining the consulting business in 2017, Prem worked with Reliance Industries Limited for 23 years at different locations in India and Germany, where he was responsible for developing Reliance’s Polyester business in the EMEA region.

He holds a degree in Textile Engineering and earned an MBA. He has completed an Executive Management Development program at the Indian Institute of Management, Bangalore, India, and a Business Sustainability Management program at Cambridge University in the UK.

Peter Feng

Peter Feng Vice President, Aromatics & Fibers Americas Chemical Market Analytics by OPIS

Mr. Peter Feng is the Vice President of Aromatics & Fibers Americas at Chemical Market Analytics.

Peter Feng is the Vice President of Aromatics & Fibers. He is responsible for the North American Aromatics Service and covers the styrene, polystyrene and expandable polystyrene markets in the Americas for Chemical Market Analytics. With over 35 years of experience in various assignments, Peter has a breadth of knowledge in multiple disciplines and products. Peter is a key resource for understanding and insight into the aromatics sector of the petrochemical industry.

Within the Americas, he leads the North American Aromatics Service. While his current area of focus is the products in the styrenics chain, he has covered many of the aromatics products at once. In addition to North American Aromatics, he contributes to several different services and is a key contributor to the World Styrene Analysis, World Polystyrene Analysis and World EPS Analysis.

During his time at Chemical Market Analytics and predecessor companies, he has contributed to several bespoke client studies, including the development of a marketing plan for a new Middle East plant, a site assessment for a U.S. plant, strategic analysis for refineries and chemical plants, strategic purchasing analysis, etc. As a renowned expert, he has been sought after as a testifying expert in numerous legal cases. He is often a guest speaker at various conferences and industry events.

Before his role in market consulting, he worked at Air Products and Sterling Chemicals. He had assignments in Process Engineering/Technology, Information Systems, Projects, Environmental, Supply Chain and Commercial teams during this time. Peter Feng has a Bachelor of Science and Master of Science in Chemical Engineering from Northwestern University and a Master of Business Administration from the University of Houston.

Roberto Ribeiro

Roberto Ribeiro Executive Director, Global Ethylene Oxide | Ethylene Glycol Chemical Market Analytics by OPIS

Roberto Ribeiro is the Executive Director for EO & Derivatives in the Americas at Chemical Market Analytics.

Roberto Ribeiro is a seasoned chemical and petrochemical expert with over 30 years of experience. He is the Global Executive Director for EOD (ethylene oxide derivatives) and PET at Chemical Market Analytics. In this role, he is responsible for the research and analysis of a wide range of products, including PET, PTA, PX, ethylene glycols (MEG, DEG, TEG), high-purity ethylene oxide, and its derivatives such as ethoxylates, glycol ethers (E-series), ethanolamines (MEA, DEA, TEA), and polyethylene glycols (PEGs).

Roberto works closely with the chemical and petrochemical sectors and other markets, such as plastic converters, brand owners, oil and gas, and financial industries, providing support and guidance throughout various business chains. His current focus areas include overseeing the Market Advisory Services’ ‘Global PET Stream Report’ and ‘Global Ethylene Oxide, Glycol, & Derivatives Report,’ as well as providing primary input and insights for the World Analysis Services’ ‘World Analysis – Paraxylene,’ ‘World Analysis – Polyester,’ ‘World Analysis – PTA/DMT,’ and ‘World Analysis – Ethylene Oxide and Monoethylene Glycol.’

He joined Chemical Market Analytics in April 2021, having previously served as President of Townsend Solutions, a strategic consulting firm in the petrochemical industry. Before his tenure at Townsend Solutions, Roberto held various leadership roles in strategic planning, business development, M&A, and sales and marketing at petrochemical manufacturing companies, many of which are now part of Braskem and LyondellBasell. Roberto’s career began at Eastman Kodak and then Polibrasil Resinas, S.A., where he progressed from Marketing Intern to Head of Marketing in just five years, developing a deep customer empathy and talent for conducting in-depth market analyses.

Roberto holds a bachelor’s degree in Accounting and Finance and Business Administration from São Paulo University (Brazil). Additionally, he holds a master’s degree in Oil & Gas from Universidad Austral (Argentina). He has participated in various professional development courses with Harvard Business School, New York University’s Stern School of Business, and the Massachusetts Institute of Technology (MIT). He has been a speaker at numerous industry conferences across Europe, Asia, the Middle East, and North and South America.

Alan Lu

Alan Lu Executive Director, China Aromatics & Fibers Chemical Market Analytics by OPIS

Alan Lu is an Executive Director for Aromatics & Fibers at Chemical Market Analytics.

Mr. Lu joined Chemical Market Analytics through the legacy IHS Markit Base Chemical team in 2001, and he currently leads the China aromatics team with primary research coverage on EO/EG, BTX, and SM value chains. In 2012, Mr. Lu was a Director with the Chemicals Consulting Group based in Shanghai. Before joining Chemicals Consulting, he was involved in aromatics and fibers research in Asia, primarily responsible for PET Bottle Resin for Asia, Polyester Fiber, PTA, MEG, Phenol, and Acetone for China.

Mr. Lu holds a Master’s degree in business administration from the Shanghai University of Finance and Economics and a Bachelor’s degree from Shanghai International Studies University.

 

Meiko Woo

Meiko Woo Executive Director, Global Nylon Fibres & Feedstocks Chemical Market Analytics by OPIS

Meiko Woo is an Executive Director for Global Nylon Fibers and Feedstocks service at Chemical Market Analytics.

Meiko Woo is the service leader for the nylon fibers and feedstocks service at Chemical Market Analytics. She also contributes to the polyester fibers and feedstocks service in North America. With over 20 years of experience, Meiko is a key resource within the business for understanding and insight into the fibers sector of the petrochemical industry.

Meiko has developed an international reputation for providing meaningful analysis and actionable solutions for customers to optimize their business position concerning the nylon and polyester fibers industry. Her relevant skills include a keen commercial and technical understanding of the nylon and polyester value chain and robust analytical capabilities to drive toward data-driven conclusions.

Before joining the predecessor of Chemical Market Analytics in 2009, Meiko worked for six years with Invista in Taiwan. She started as a process engineer and was promoted to Utility Area Plant Manager in 2004 and T10 Technical Plant Manager in 2006 before shifting to a commercial role in early 2007 and working as a planning and technical service manager. With her strong technical background, she liaised between the commercial team and manufacturing.

Meiko has a Master’s in Environmental Engineering from the National Chiao Tung University and a Bachelor of Science in Chemical Engineering from the National Taiwan University.

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