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Coverage on crude oil, LPG, gasoline, gasoil, jet/kerosene, naphtha, fuel oil markets, oil refining & transportation, government policies, and statistics
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Includes product-by-product demands & imports forecasts for Year 2010
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Prices and margin analysis for importers and petrol stations
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Capacity changes in refining, pipeline and terminal-handling facilities
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Important government policy changes
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Hot issues in China's petroleum market for Year 2009
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Detail statistical data
TABLE OF CONTENTS
ABSTRACT
1. CHINA'S ENERGY MIX AND OIL CONSUMPTION
1.1 Energy Mix
1.1.1 Energy Mix in 2009
Chart: China's Energy Mix in 2008
1.1.2 Changes in Energy Mix: 2005 – 2009
Chart: China's Primary Energy Mix (2004 - 2008)
1.2 Oil Consumption
1.2.1 China's Oil Consumption in 2009
Table: China's Oil Consumption in 2009 – Crude Throughput and Net Imports of Products
1.2.2 China's Oil Consumption Changes Since 2005
Chart: China's Oil Consumption (2005-2009)
Chart: GDP Elasticity of Oil Consumption (2005-2009)
1.3 Forecast of China's Oil Consumption for 2010-2014
Chart: China's Oil Consumption Forecast (2010-2014)
2. CHINA'S CRUDE OIL MARKET
2.1 Crude Oil Demand
2.1.1 Apparent Consumption in 2009
Table: China's Crude Oil Apparent Consumption for 2009
2.1.2 Apparent Consumption over the Past Five Years
Chart: China's Crude Oil Apparent Consumption (2005-2009)
Chart: GDP Elasticity of Crude Oil Consumption (2005-2009)
2.2 Domestic Crude Oil Output
2.2.1 China's Crude Oil Output in 2009
2.2.2 China's Crude Oil Output Since 2005
Chart: China's Crude Oil Output (2005-2009)
2.2.3 Major Domestic Crude Oil Producers
Chart: China's Major Crude Oil Producers (2009)
2.3 Crude Oil Imports & Exports
2.3.1 Crude Oil Imports Since 2005
Chart: China's Crude Oil Imports (2005-2009)
2.3.2 Major Crude Oil Suppliers to China
Chart: Changes in Major Crude Oil Suppliers to China – Comparing 2009 with 2005
2.3.3 Main Crude Oil Importing Customs in China
Chart: Main Destinations for Imported Crude Oil in China (2009)
2.3.4 Crude Oil Exports Since 2005
Chart: China's Crude Oil Exports (2005-2009)
2.4 Forecast of China's Crude Oil Consumption/Imports/Exports for 2010-2014
Table: China's Crude Oil Apparent Consumption Forecast for 2010
Chart: China's Crude Oil Apparent Consumption Forecast (2009-2014)
3. CHINA'S REFINING SECTOR
3.1 Refining Capacity
3.1.1 Current Refining Capacity
Chart: China's Refining Capacity - By Ownership
Table: Top 20 Refineries in China - By Capacity
3.1.2 Increases in Refining Capacity over the Past Five Years
Chart: Changes in China's Refining Capacity (2005-2009)
3.1.3 Current Processing Capacity on High Sulfur Crude
Table: Top 10 High Sulfur Crude Processing Refineries in China - By Capacity
3.1.4 Impending Additions to Refining Capacity (2009)
Table: Known New/Debottlenecking Refinery Projects (2009/2010)
3.1.5 Refinery Projects Expected in 2010-2014
Table: Refinery Projects Proposed/Planned for Period: 2010-2014
3.2 Crude Oil Throughputs
3.2.1 Crude Throughputs and Products Yield Ratios in 2009
Table: Crude Throughputs and Products Yield Ratio (2009)
3.2.2 Crude Throughputs over the Past Five Years
Chart: Historical Crude Oil Throughputs (2005-2009)
3.2.3 Operating Run Rates of Major Refineries in China Since 2005
Chart: Average Run Rates of China's Major Refineries (2005-2009)
3.2.4 Products Yield Rates of China's Refineries over the Past Five Years
Chart: Products Yield Ratios of China's Major Refineries (2005-2009)
3.2.5 Forecast of China's Crude Oil Throughputs/Refinery Run Rates for 2010-2014
3.3 Independent Refineries
3.3.1 Refining Capacity of China's Independent Refineries
Chart: Aggregate Capacity of Independent Refineries (2009) – By Region
China's Top Ten Independent Refineries in China in 2009
3.3.2 Run Rates of Independent Refineries in 2009
Chart: Run Rates of Independent Refineries (2009)
3.3.3 Independent Refinery Expansion Projects Expected in 2010-2014
Table: New Capacity of Independent Refineries to Come On-Line in 2009-2014
4. CHINA'S PETROLEUM PRODUCTS MARKET
4.1 GASOLINE
4.1.1 Gasoline Demand & Supply in 2009
4.1.1.1 Consumption
Table: China's Gasoline Apparent Consumption for 2009
4.1.1.2 Output
4.1.1.3 Imports & Exports
Chart: Major Destinations for China's Gasoline Exports
4.1.1.4 Exports by Customs & Destination
4.1.2 Gasoline Demand & Supply over the Past Five Years
Chart: China's Gasoline Apparent Consumption & GDP Elasticity (2005-2009)
Chart: China's Gasoline Exports Trend (2005-2009)
4.1.3 Forecast of Gasoline Demand & Supply in 2010-2014
Chart: China's Gasoline Apparent Consumption Forecast (2010-2014)
4.1.3.1 Demand
4.1.3.2 Domestic Production
4.1.3.3 Imports & Exports
4.1.4 Gasoline Consumption by Region: Status Quo and Outlook
Chart: China's Gasoline Consumption – By Region
4.1.5 China's Petrol Retail/Distribution Sector
4.1.5.1 China's Present Retail Petrol Market
Chart: Distribution of Petrol Stations- By Ownership Grouping
4.1.5.2 Foreign Investment in China's Petrol (Station) Retail Network
Table: Foreign Companies' Retail Expansion Plans in China
4.2 NAPHTHA
4.2.1 Naphtha Demand & Supply in 2009
4.2.1.1 Consumption
Table: China's Naphtha Apparent Consumption for 2009
4.2.1.2 Output
4.2.1.3 Imports & Exports
Chart: Major Receivers for China's Naphtha Exports in 2009
Chart: Major Customs Destinations for China's Naphtha Imports in 2009..
Chart: Major Supplying Sources of China's Naphtha Imports in 2009
4.2.2 Naphtha Demand & Supply over the Past Five Years
Chart: China's Naphtha Apparent Consumption & GDP Elasticity (2005-2009)
Chart: China's Naphtha Import & Export Trend (2005-2009)
4.2.3 Forecast of Naphtha Demand & Supply in 2010-2014
Chart: China's Naphtha Apparent Consumption Forecast (2009-2014)
4.2.3.1 Demand
4.2.3.2 Domestic Production
4.2.3.3 Imports & Exports
4.2.4 Naphtha Consumption by Region: Status Quo and Outlook
Chart: China's Naphtha Consumption – By Region
4.2.5 Naphtha Consumption by Sector: Status Quo and Outlook
Chart: China's Naphtha Consumption – By Sector
4.3 JET FUEL (KEROSENE)
4.3.1 Kerosene Demand & Supply in 2009
4.3.1.1 Consumption
Table: China's Kerosene Apparent Consumption for 2009
4.3.1.2 Kerosene Output
4.3.1.3 Jet Fuel Imports & Exports
Chart: Major Jet Fuel Suppliers to China in 2009
Chart: Jet Fuel Imports in 2009 - By Customs Location
Chart: Jet Fuel Exports in 2009 - By Customs Location
4.3.2 Kerosene Demand & Supply over the Past Five Years
Chart: China's Kerosene Apparent Consumption & GDP Growth Elasticity (2005-2009)
Chart: China's Jet Fuel Imports (2005-2009)
Chart: China's Jet Fuel Exports (2005-2009)
4.3.3 Forecast of Kerosene Demand & Supply in 2010-2014
Chart: China's Kerosene Apparent Consumption Forecast (2010-2014)
4.3.3.1 Demand
4.3.3.2 Domestic Kerosene Production
4.3.3.3 Jet Fuel Imports & Exports
4.3.4 Kerosene Consumption by Region: Status Quo and Outlook
Chart: China's Kerosene Consumption – By Region
4.4 GASOIL
4.4.1 Gasoil Demand & Supply in 2009
4.4.1.1 Consumption
Table: China's Gasoil Apparent Consumption for 2009
4.4.1.2 Output
4.4.1.3 Imports & Exports
Chart: Major Sources of Gasoil Imported into China in 2009
4.4.1.4 Exports by Customs & Destination
Chart: China's Gasoil Exports in 2009 - By Customs Location
4.4.2 Gasoil Demand & Supply over the Past Five Years
Chart: China's Gasoil Apparent Consumption & GDP Elasticity (2005-2009)
Chart: China's Gasoil Exports (2005-2009)
Chart: China's Gasoil Imports (2005-2009)
4.4.3 Forecast of Gasoil Demand & Supply in 2010-2014
Chart: China's Gasoil Apparent Consumption Forecast (2010-2014)
4.4.3.1 Demand
4.4.3.2 Domestic Production
4.4.3.3 Imports & Exports
4.4.4 Gasoil Consumption by Region: Status Quo and Outlook
Chart: China's Gasoil Consumption – By Region
4.4.5 Gasoil Consumption by Sector: Status Quo and Outlook
Chart: China's Gasoil Consumption – By Sector
4.5 FUEL OIL
4.5.1 Fuel Oil Demand & Supply in 2009
4.5.1.1 Consumption
Table: China's Fuel Oil Apparent Consumption for 2009
4.5.1.2 "Shrinking” Output amid Raise in Consumption Tax Rate
4.5.1.3 Changes in Imports Suppliers & Exports Destinations
Chart: Major Supply Sources for Fuel Oil Imported into China in 2009
Chart: Fuel Oil Imports in 2009 - By Major Destination
4.5.1.4 Engines Behind Surging Exports
Chart: China's Fuel Oil Exports in 2009 - By Customs Location
4.5.2 Fuel Oil Demand & Supply over the Past Five Years
Chart: China's Fuel Oil Apparent Consumption & GDP Elasticity (2005-2009)
Chart: China's Fuel Oil Exports (2005-2009)
Chart: China's Fuel Oil Imports (2005-2009)
4.5.3 Forecast of Fuel Oil Demand & Supply in 2010-2014
Chart: China's Fuel Oil Apparent Consumption Forecast (2010-2014)
4.5.3.1 Demand
4.5.3.2 Domestic Production
4.5.3.3 Imports & Exports
4.5.4 Fuel Oil Consumption by Region: Status Quo and Outlook
Chart: China's Fuel Oil Consumption – By Region
4.5.5 Fuel Oil Consumption by Sector: Status Quo and Outlook
Chart: China's Fuel Oil Consumption – By Sector
4.5.6 Changes in Major Fuel Oil Importers & Market Players
Table: China's Top 10 Fuel Oil Importers in 2009
Table: South China's Top 10 Fuel Oil Importers in 2009
Table: East China's Top 10 Fuel Oil Importers in 2009
4.5.7 Top Fuel Oil Exporters
Table: China's Top 10 Fuel Oil Exporters in 2009
4.6 LPG
4.6.1 LPG Demand & Supply in 2009
4.6.1.1 Consumption
Table: China's LPG Apparent Consumption for 2009
4.6.1.2 Output
4.6.1.3 Imports & Exports
Chart: LPG Imports in 2009 - By Major Destination
Chart: Major Supply Sources for LPG Imported into China in 2009
Chart: Major Supply Sources in the Middle East in 2009
4.6.2 LPG Demand & Supply over the Past Five Years
Chart: China's LPG Apparent Consumption & GDP Elasticity (2005-2009)
Chart: China's LPG Output (2005-2009)
Chart: China's LPG Exports (2005-2009)
Chart: China's LPG Imports (2005-2009)
4.6.3 Forecast of LPG Demand & Supply in 2010-2014
Chart: China's LPG Apparent Consumption Forecast (2010-2014)
4.6.3.1 Demand
4.6.3.2 Domestic Production
4.6.3.3 Imports & Exports
4.6.4 LPG Consumption by Region: Status Quo and Outlook
Chart: China's LPG Consumption – By Region
4.6.5 LPG Consumption by Sector: Status Quo and Outlook
Chart: China's LPG Consumption – By Sector
4.6.6 Changes in Major LPG Importers & Market Players
Table: China's Top 10 LPG Importers in 2009
Chart: China's Top 10 LPG Importers in 2009
5. OIL PRICES AND MARGINS IN 2009
5.1 Crude Oil Price Movements & Refinery Margins
5.1.1 Crude Oil Price Movements in 2009
Chart: Crude Oil Price Comparison: Daqing, Shengli vs. Brent, WTI (2009)
5.1.2 Refining Margins of Major Domestic Refineries
Chart: Refining Margins of Major Refineries in China (2009)
5.2 Distillates Price Movements in 2009
5.2.1 Gasoline Wholesale Prices vs. International Crude & Gasoline Prices
Chart: Gasoline Price Comparison: Wholesale Prices in China vs. FOB Prices in Singapore (2009)
Table: Average Monthly Prices for Gasoline in China (2009)
5.2.2 Export Margins for Gasoline
Chart: Gasoline Export Margins in China (2009)
5.2.3 Gasoil Wholesale Prices vs. International Crude & Gasoil Prices
Chart: Gasoil Price Comparison: Wholesale Price in China vs. CFR China Import Cost (2009)
Table: Average Monthly Prices of Gasoil in China (2009)
5.2.4 Import & Export Margins for Gasoil
Chart: Gasoil Import Margins in China (2009)
Chart: Gasoil Export Margins in China (2009)
5.2.5 Margins of Petrol Stations
Chart: Retail Margins of 93-Ron Gasoline in China (2009)
Chart: Retail Margins of Zero Pour Point Gasoil in China (2009)
Chart: Estimated Integrated Margins of Petrol Stations in China (2009)
5.2.6 Naphtha Ex-Refinery Prices
Chart: Naphtha Ex-Refinery Prices from Sinopec and PetroChina vs. CFR Japan (2009)
5.2.7 Jet Retail Prices
5.3 Fuel Oil Price Movements in 2009
5.3.1 Prices of Imported Chinese-Spec M/C 180CST HSFO & SR 180CST FO
Chart: Fuel Oil Price Comparison: Ex-Terminal Guangdong (M/C) and Ex-Terminal Qingdao (SR) vs. FOB Singapore (2009)
Table: Average Monthly Prices of Fuel Oil in China (2009)
5.3.2 Import Margins for Fuel Oil
Chart: Estimated Import Margins for Guangdong Fuel Oil Importers (2009)
Chart: Estimated Import Margins for Shandong Straight-Run Fuel Oil Importers (2009)
5.3.3 Export Margins for Fuel Oil
5.3.4 Refining Margins of Independent Refineries
Chart: Refining Margin of a Typical Teapot Refinery in Guangdong (2009)
Chart: Refining Margin of a Typical Independent Refinery in Shandong (2009)
5.4 LPG Price Movements in 2009
5.4.1 Domestic Wholesale Prices vs. International Crude & LPG Prices
Chart: Imported LPG Prices in South China vs. Saudi CP (2009)
Chart: Average Monthly Prices of LPG in China (2009)
5.4.2 Import Margins for LPG
Chart: Import Margins for LPG Imports into China (2009)
5.4.3 Retail Margins for LPG Distributors in Major Chinese Cities
6. GOVERNMENT POLICIES AFFECTING CHINA'S OIL INDUSTRY IN 2009
6.1 Loosened Monetary Policies
6.2 Draft of Anti-Monopoly Rules
6.3 Oil Price Management Methods (Trial)
6.4 Petrochemical Industry Restructuring & Revitalization Plan
6.5 The Impact of Automobile Industry Stimulus Package on Gasoline Demand
6.6 Import Licenses and Import/Export Quotas
6.7 Newcomers for Crude and Distillates Wholesales & Storage Licences
6.8 Commodities Prohibited from Third-Party Processing Trade in 2009
6.9 Lift of Geographical Restrictions on Bonded Bunker Fuel Players
6.10 Regulations on Products Specifications
6.11 Energy-Saving and Emissions-Cutting Achievements
7. HOT ISSUES IN 2009
7.1 The Macro Economy
7.1.1 Economy Recovery and Economic Restructuring in China
7.2 The Impact of World Exposition & Asian Games on China's 2010 Oil Demand
7.3 CNOOC’s Beachhead on Onshore Oil Market
7.4 Crude and Distillates Strategic & Commercial Reserves
7.4.1 Crude Strategic Reserves
7.4.2 Distillates Strategic Reserves
7.5 Development of New Energy
7.5.1 Methanol Gasoline
7.5.2 Gasohol
7.5.3 Bio-Diesel
7.5.4 DME
7.6 Active Fuel Oil Futures Market vs. Intact Futures of Other Petroleum Products
7.7 Booming Oil Storing Industry in China
7.8 Chinese Oil Companies' Aggressive Buyings Overseas
8. LOGISTICS AND INFRASTRUCTURE
8.1 Crude Oil Logistics
8.1.1 Transportation of Domestic Crude Oil
Table: Main Pipelines for Domestic Crude Oil Transportation in China
8.1.2 Transportation of Imported Crude Oil
Table: Main Pipelines for Foreign Crude Oil Supply into China
Table: Main Receiving Ports (DWT≥100,000mt) in China for Crude Oil Imports
8.2 Distillates Logistics
8.2.1 Major Receiving Terminal for Distillates Imports
Table: Main Receiving Terminals (DWT≥30,000mt) in China for Distillates Imports
8.2.2 Major Pipelines for Distillates Transport
Table: Main Pipelines for Distillates Transportation in China
8.3 Fuel Oil Logistics
Table: Main Receiving Terminals (DWT≥30,000mt) in China for Fuel Oil Imports
8.4 LPG Logistics
Table: Main Receiving Terminals (DWT≥30,000mt) in South China for LPG Imports
Table: Main Receiving Terminals (DWT≥30,000mt) in East China for LPG Imports
APPENDICES
A1. China's Profile - An Overview of Geography and Present Economy
A2. China's GDP Growth in 2005-2009
A3. China's Supply/Demand Balance Sheet for Main Petroleum Products
A4. China's Top 10 Oilfields in 2009
A5. China's Top 20 Refineries’ Throughput in 2009
A6. China's Top 20 Gasoline Production Regions in 2009
A7. China's Top 20 Gasoil Production Regions in 2009
A8. China's Top 20 Kerosene Production Regions in 2009
A9. China's Top 20 Fuel Oil Production Regions in 2009
A10. China's Monthly Crude Imports and Exports in 2009
A11. China's Crude Imports by Source in 2009
A12. China's Crude Imports by Customs in 2009
A13. China's Monthly Gasoline Imports and Exports in 2009
A14. China's Gasoline Exports by Destination in 2009
A15. China's Monthly Naphtha Imports and Exports in 2009
A16. China's Naphtha Exports by Destination in 2009
A17. China's Naphtha Imports by Customs in 2009
A18. China's Naphtha Imports by Source in 2009
A19. China's Monthly Jet Kerosene Imports and Exports in 2009
A20. China's Jet Kerosene Imports by Source in 2009
A21. China's Jet Kerosene Imports by Customs in 2009
A22. China's Jet Kerosene Exports by Destination in 2009
A23. China's Monthly Gasoil Imports and Exports in 2009
A24. China's Gasoil Imports by Source in 2009
A25. China's Gasoil Imports by Customs in 2009
A26. China's Gasoil Exports by Destination in 2009
A27. China's Monthly Fuel Oil Imports and Exports in 2009
A28. China's Fuel Oil Imports by Source in 2009
A29. China's Fuel Oil Imports by Customs in 2009
A30. China's Fuel Oil Exports by Customs in 2009
A31. China's Monthly LPG Imports and Exports in 2009
A32. China's LPG Imports by Source in 2009
A33. China's LPG Imports by Customs in 2009
A34. China's LPG Exports by Destination in 2009
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