Derivatives: It is Time to Thin the Herd
10:30 AM: Welcome remarks - Larry Tan, Chemicals Insight, APAC lead, S&P Global Commodity Insights
10:35 AM: Polyethylene Global Overview – Deeply Entrenched in a downcycle, what are the signposts for a faster recovery? - Jesse Tijerina, Chemical Insights, Americas Polyolefins Lead, S&P Global Commodity Insights
The polyethylene market has been in a downcycle for more than 12 months now. The conditions that drove the polyethylene market there persist; oversupply due to the unprecedented new capacity overbuild and lower demand due to a weak global economic environment in 2023 and even lower expected in 2024. A review of the polyethylene supply/demand fundamentals indicate action is needed by industry participants to achieve a faster recovery.
10:50 AM: Polypropylene Global Overview - Uncovering Potential Winners in the Evolved Era - Pooja Jain, Senior Principal Research Analyst, Polymer, Asia, S&P Global Commodity Insights
11:05 AM: Vinyl's Global Overview - Navigating current challenges before large expectations of growth - Harry Thomas, Director - Inorganics, Americas, S&P Global Commodity Insights
The global market has recovered from the volume decline in 2022 driven by large steps of demand improvement in India. Global operating rates are at a 8 year low and will require 18-24 months to absorb the new investments in global capacity. Energy and feedstock prices are low helping both the consumer and producer now. S&P's analysis and expectations are for the sizeable acceleration of Vinyl's demand from housing and infrastructure growth in the back half of the decade.
11:25 AM: Ethylene Oxide & Monoethylene Glycol: Do intermediates offer “value in diversity” through the Energy Transition? - Andy Orszynski, Director, Olefins & Derivatives, S&P Commodity Insights
11:45 AM: Q&A