Foreword

In 2024, amidst the complex and ever-changing economic landscape, both opportunities and challenges abound. The polyester industry chain is currently in need of new growth drivers and risk mitigation strategies. Many enterprises are actively exploring both domestic and international expansion, but how is the global textile supply chain being structured? What policy advantages exist in different regions? What is the current state of local market development, and what are the future trends? Moreover, what is the development outlook for the highly anticipated environmentally-friendly recycled materials?

With a global perspective and a focus on the industry, we anticipate that crude oil may face a surplus in 2025. How should oil prices be evaluated? Will there still be volatility in products like refined oil and aromatics such as benzene? In 2025, the supply and demand conflicts in China's PX and PTA sectors will intensify once again. How can PX bridge the gap?

How will the PTA industry cope with regional competition under new capacity releases, and will pricing power shift? What are the global supply and transformation trends for ethylene? What opportunities and challenges will arise for MEG amid the progress of new plant startups? Will the optimization of logistics structures and costs bring new changes to warehousing and delivery?

We will invite upstream suppliers, polyester enterprises, traders, texturizing and weaving companies, warehousing and logistics enterprises, and other full industry chain participants for in-depth analysis and discussions. In addition, seasoned experts will lead field visits to key factories. Hosted by Huarui Information, the "2024 Wuzhen Polyester Summit" will be held in Wuzhen during November 14-15. We look forward to seeing you in Wuzhen!