World Automotive Diesel Emissions Summit 2015
Time：2015-10-15 -10-16location：zhongqing chongqingshi
The International Diesel Vehicle Exhaust (NOx) Treatment Summit 2015 will focus on issues of shared concern such as new national standards’ emission requirements on engines, popularization of SCR system and the implementation of GB V standards and how to change the structural surplus of domestic automotive-grade urea market. It will also introduce advanced experiences from Europe and North America to help domestic diesel vehicle manufacturers set a clear development objective.
Why attend?
China’s No. 1 Brand of Base Oil Event
Focus on new demand for base oil upgrading, seize new opportunities from structural changes of the market
Explore opportunities for enterprises in a changing market
Platform to maintain customer network, promote sales and tap new downstream demand
Event Highlights
Seek potential business opportunities in a highly competitive market with slower demand
Find solutions to piling inventories and volatile oil prices
Seize investment opportunities from base oil upgrading and structural changes of the market
Serve as a platform of communication for all parties and a source of up-to-date market information
A general downtrend has been seen in the Chinese economy so far in 2015. And the downstream markets of base oil are no exception. To stabilize growth, adjust structure and reduce capacity, the central government has issued series of stimulus policies since the beginning of this year including interest rate and RRR cuts, “One Belt, One Road” strategy, AIIB and FTZs.
Under the current complicated and changing political situation, will the Chinese economy maintain stable growth? Base oil and lubricants industry is often used as an economic indicator. What about the challenges and opportunities in front of it?
The base oil market has seen a striking problem of high spot inventory and low demand as a result of a combination of factors such as volatile international oil prices, sluggish demand for lubricants and intensive start-ups of Group II facilities.
The base oil market started to show signs of recovery in June amid the rebound of international oil prices and the implementation of stimulus policies. Prices have rallied and HVI base stocks are short of supply. Traders have restored interest and lube oil blending factories began to stock up.
As the day of the implementation of GB VI standards is drawing near and the country is attaching more importance to environmental issues, China base oil and lubricants market is moving towards the high-end and the industry reshuffle is speeding up. We see both challenges and opportunities. On one hand, as industry consolidation speeds up, Group II and III oils will take a bigger market share and structural changes will take place in base oil demand. On the other hand, domestic base oil and lubricants industry will see faster quality upgrading and industry advancement as driven by policy, market and technology factors.
What new business opportunities can we expect in the course of fast changes of market fundamentals? What new demand will be brought about by the upgrading of oil products?
In this context, Enmore will organize the 9th China Base Oil Summit 2015 in Chengdu during23-25 September. This event is to attract 500 industry players at home and abroad. We sincerely invite you to join us!
