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1 Day Workshop Series on Petrochemical Industry Fundamentals, Price Forecasting Techniques and Commercial Strategies - Seoul

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1 Day Workshop Series on Petrochemical Industry Fundamentals, Price Forecasting Techniques and Commercial Strategies

Get practical tools and methodologies based on the fundamental building blocks of the industry to effectively forecast price along the petrochemical value chain and gain commercial strategies to better inform your business decisions.

Taught by industry expert Larry Tan, these engaging petrochemical workshops offer you and the other participants hands-on, real-life scenario-based activities that provide immediate practice on what you have learned.

The workshops work best when taken together but are also available individually.

Petrochemical Industry Fundamentals
Gain an understanding of the core building blocks of the petrochemical industry and get a birds-eye view into the interaction of technology, economics, and markets that shape the industry.

Petrochemical Price Forecasting Techniques
Gain an overall understanding of petrochemical price definition and forecasting techniques, production cost analysis, and inherent margin analysis to build your confidence in forecasting for the short, medium and long term. Explore the underlying energy and feedstock values, both variable and fixed costs and other production cost models. Discover the impact on inherent margin analysis on supply/demand balances, operating rates with recent market development and return on investment. Be equipped with price forecasting techniques on short term variables using Excel-based statistical methods, costing, diagnostic checks, regional relationships, and arbitrage and price netbacks.

Commercial Strategies for Petrochemical Industry

The dynamics of the global petrochemical industry are changing rapidly and in profound ways. There is more volatility in the markets and many industry participants are adjusting towards J.I.T. sales and purchase agreements. This course sets the participants in real-life sales and purchase case studies whereby they will be confronted with cost, pricing, volatility, netback and logistics considerations - and they will be tasked to make decisions in this uncertain environment just like in real life. This is the only course of its kind in the industry that uses real-life case studies to highlight key commercial concepts.

Who should attend?

These courses are designed for technical and non-technical industry participants, new to the industry as well as those who desire a refresher course. Attendees in marketing, sales, procurement, strategic planning, manufacturing, technical and supply chain would benefit. It is advised to take the Petrochemical Industry Fundamentals course first, followed by the Commercial Strategies for the Petrochemical Industry, as one course builds on the other.

6 CPE credits available. For questions or more information, please contact us.

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