Over the past few years, we published our very comprehensive review and forecast for Chinese energy products market in a series of annual reports. We are glad to receive feedbacks that many traders, banks and business development managers found our reports to be of valuable reference.
Following numerous enquiries from our readers on the Chinese teapot refineries, We are releasing a new report - C1 China Minor/Teapot Refinery Review, consisting of
1) Integrated weekly data on refineries’ operation rate and refining margin,
2) Extensive distribution and logistical support infrastructure of the refineries,
3) The extent of the Chinese government involvement in these refineries
4) A comprehensive and up-to-date review on China's Minor Teapot Refineries, independent of Sinopec and PetroChina for Year 2009,
5) A wide range of information on China’s minor teapot refineries’ configuration as well as its unique feedstock structure,
6) An in-depth review and prospect of these minor/ teapot refineries’ survival background & development path, as well as a general view on the whole of China’s refining sector.
TABLE OF CONTENTS
1. OVERVIEW
1.1 Capacity and Influence of China's Independent Minor Refineries
Map: Distribution of Independent Minor Refineries in China
1.2 The Role of Independent Minor Refineries in China's Oil Market
2. CHALLENGES FOR INDEPENDENT MINOR REFINERIES
2.1 Diversified Feedstock Supply
Chart: Feedstock Mix for Independent Refineries in 2009
2.1.1 Sparse Crude Oil Supply
2.1.2 Straight-Run Fuel Oil as Alternative Feedstock
2.2 Energy Conservation and Environmental Problems Triggered by Technology
Bottlenecks
2.3 Development Bottlenecks Due to Insufficient Capital Flows
3. IMPORTS OF STRAIGHT-RUN FUEL OIL AS FEEDSTOCK
3.1 Origins and Specifications of Straight-Run Fuel Oil
Chart: Market Shares of Straight-Run Fuel Oil Imports in China in 2009 - By Origin
Chart: Fuel Oil Imports of Independent Refineries by Origin（2004-2009）
3.2 Flow of Straight-Run Fuel Oil Imports
Map: Flow of Straight-Run Fuel Oil Imports in the Chinese Market
3.3 Major Suppliers and Importers of Straight-Run Fuel Oil
4. BUSINESS SCENARIOS OF INDEPENDENT MINOR REFINERIES IN 2009
4.1 Refining Margins
Chart: Refining Margins of Shandong's Independent Refineries in 2008-2009
Chart: Refining Margins of Guangdong's Teapot Refineries in 2008-2009
4.2 Operation Rates
Chart: Run Rates of Independent Refineries in Shandong and Guangdong in 2008-2009
4.3 The Relationship Between Independent Minor Refineries and Domestic Oil Giants
5. BUSINESS SCENARIOS OF INDEPENDENT MINOR REFINERIES IN 2005-2009
5.1 Refining Margins
Chart: Refining Margins of Independent Refineries in Shandong in 2005-2009
Chart: Refining Margins of Teapot Refineries in Guangdong in 2005-2009
5.2 Operation Rates
Chart: Run Rates of China's Minor Refineries in 2005-2009
5.3 Traditional Business Mode of Domestic Independent Minor Refineries
5.3.1 Operation under Volatile Oil Prices
5.3.2 Expansion of Deep Refining Capacity
6. FEATURE I: OPPORTUNITIES & CHALLENGES FOR INDEPENDENT REFINERIES AMID ECONOMIC RECOVERY
6.1 Survey on Profit and Loss
6.2 Pressure of Merger and Restructuring
6.3 Capital Flow amid Tightening Monetary Policies
6.4 Reshuffling of Feedstock Suppliers
7. FEATURE II: INDEPENDENT REFINERIES' CHANCES IN CONSTRUCTION OF OIL PRODUCTS STORAGE & TRANSPORTATION FACILITIES
7.1 Oil Tank — Jetty — Truck Business Model
Map: Distribution of Coastal Oil Tanks & Jetties for Independent Refineries
7.2 Oil Tank — Pipeline Business Model
7.3 Oil Tank — Railway — Truck Business Model
8. THE OUTLOOK FOR INDEPENDENT REFINERIES IN 2010
8.1 Refining Margins Forecast
8.2 Demand for Imported Straight-Run Fuel Oil
8.3 Demand for Crude
8.1.1 Crude Supply Under Third-Party Processing Contracts
8.1.2 Purchasing on the Crude Spot Market
9. EXPANSION PLANS OF INDEPENDENT REFINERIES
9.1 Expansion of Refining Capacity
Table: Proposed/Planned Independent Refinery Projects in 2010-2012
9.2 Feedstock Demand Outlook after the Expansion
9.3 Prospect of Downstream Sales Network after the Expansion
10. PROSPECTS OF DOMESTIC INDEPENDENT MINOR REFINERIES
10.1 Further Expansion of Refining Capacity
10.2 Penetration into the Chemical Market
10.3 Striving For Preferential Policy
10.4 Opportunities and Risks of Mergers with State-Owned or Foreign Companies
11. GOVERNMENT POLICIES RELATED TO INDEPENENT MINOR REFINERIES
11.1 Promotion of GB III Gasoline in 2010
11.2 Hefty Consumption Taxes
11.3 Implementation of New Distillates Pricing Mechanism
11.4 Government’s New Goals for Emission Cut and Energy Conservation
11.5 Chances for Independent Refineries to Involve in Distillates Commercial Reserves
12. FEEDSTOCK AND REFINING UNITS OF INDEPENDENT REFINERIES BASED IN SHANDONG
Chart: Feedstock Mix for Independent Refineries in Shandong (2009)
13. FEEDSTOCK AND REFINING UNITS OF MINOR REFINERIES BASED IN GUANGDONG
Chart: Feedstock Mix for Minor Refineries in Guangdong (2009)
14. FEEDSTOCK AND REFINING UNITS OF INDEPENDENT MINOR REFINERIES BASED IN NORTHWEST/NORTHEAST CHINA
Chart: Feedstock Mix for Independent Minor Refineries in Northwest/Northeast China (2009)
15. LEGITIMATE REFINERIES IN CHINA
15.1 Existing Major Refineries
Map: Distribution of Major Refineries in China - By Ownership
By Ownership:
Sinopec
PetroChina/CNPC
CNOOC
Shaanxi Yanchang Petroleum Group Co
ChemChina
China North Industries Group Corporation
Sinochem Corp
Sino-Foreign Joint Venture Refineries
15.2 New & Expansion Refining Projects in 2010-2015
Map: Distribution of New & Expansion Major Refinery Projects in China – By Ownership
APPENDIX
Maps:
A1. Independent Refineries and Infrastructures along Bohai Sea Ring
A2. Teapot Refineries and Infrastructures in Pearl River Delta
A3. Independent Refineries and Infrastructures in Northeast China
A4. Independent Refineries and Infrastructures in East China
A5. Independent Refineries and Infrastructures in Northwest China
Tables:
B1. Topping Capacities of China's Independent Refineries by End 2009
B2. Refining Units and Capacities of Shandong's Independent Refineries by End 2009
B3. Refining Units and Capacities of Guangdong's Independent Refineries by End 2009
B4. Refining Units and Capacities of Northwest/Northeast China's Independent Refineries by End 2009
B5. Capacity Expansion Plans of Independent Refineries in 2010-2012
B6. Topping Capacities and Crude Throughputs of China's Major Refineries by End 2009
B7. China's Topping Capacity Distribution by Region by End 2009
B8. China's Topping Capacity Distribution by Ownership by End 2009
B9. China's Top 10 Fuel Oil Imports Suppliers by Origin in 2005-2009
B10. China's Top 10 Fuel Oil Importers in 2009
B11. Changes of Commercial Fuel Oil Stock in Coastal Areas in 2008-2009
B12. Companies Qualified for Fuel Oil Imports Under State-Operate Category by End 2009
B13. Companies with Fuel Oil Import License Under Non-State Operate Category by End 2009
B14.Independent Refineries-Related Enterprises Qualified for Refined Oils Wholesale and Storage Business by End 2009
B15. Enterprises Holding Crude Import Licenses by End 2009
B16. List of Legitimate Independent Minor Refineries in China (2000)
