Features for C1 Annual Report on China Petroleum Market
★ Production/imports /exports data on China's 2010 petroleum market(see chart3 for example);
★ Refining capacity of state-run majors and independent refineries(see chart1);
★ Distribution of new refining projects, operational schedule of these project as well as their possible impacts on domestic refined products market
★ Major market players in China's refining sector;
★ Oil demand & supply forecast for coming five years(see chart4 for example)
★ Analysis of regional arbitrage margins for petroleum products(see chart5);
★ Refining margins and run rates of state and independent refineries(see chart3);
★ Influences of new oil product pricing mechanism on oil producers traders and end-users
★ Development of new energy and alternative energy;
TABLE OF CONTENTS
ABSTRACT
1. CHINA'S ENERGY MIX AND OIL CONSUMPTION
1.1 Energy Mix
1.1.1 Energy Mix in 2010
Chart: China's Energy Mix in 2010
1.1.2 Changes in Energy Mix: 2006-2010
Chart: China's Primary Energy Mix (2006-2010)
1.2 Oil Consumption
1.2.1 China's Oil Consumption in 2010
Table: China's Oil Consumption in 2010 – Crude Throughput and Net Imports of Products
1.2.2 China's Oil Consumption Changes Since 2006
Chart: China's Oil Consumption (2006-2010)
Chart: China’s Petroleum Apparent Consumption vs. GDP Elasticity (2006-2010)
1.3 Forecast of China's Oil Consumption for 2011-2015
Chart: China's Oil Consumption Forecast (2011-2015)
2. CHINA'S CRUDE OIL MARKET
2.1 Crude Oil Demand
2.1.1 Apparent Consumption in 2010
Table: China's Crude Oil Apparent Consumption for 2010
2.1.2 Apparent Consumption over the Past Five Years
Chart: China's Crude Oil Apparent Consumption vs. GDP Elasticity (2006-2010)
2.2 Domestic Crude Oil Output
2.2.1 China's Crude Oil Output in 2010
2.2.2 China's Crude Oil Output Since 2006
Chart: China's Crude Oil Output (2006-2010)
2.2.3 Major Domestic Crude Oil Producers
Chart: China's Major Crude Oil Producers (2010)
2.3 Crude Oil Imports & Exports
2.3.1 Crude Oil Imports Since 2006
Chart: China's Crude Oil Imports (2006-2010)
2.3.2 Major Crude Oil Suppliers to China
Chart: Major Crude Oil Suppliers to China – By Region (2010)
Chart: Top Ten Crude Oil Supply Countries to China (2010)
2.3.3 Main Crude Oil Importing Customs in China
Chart: Main Destinations for Imported Crude Oil in China (2010)
2.3.4 Crude Oil Exports Since 2006
Chart: China's Crude Oil Exports (2006-2010)
2.4 Forecast of China's Crude Oil Consumption/Imports/Exports for 2011-2015
Table: China's Crude Oil Apparent Consumption Forecast for 2011
Chart: China's Crude Oil Apparent Consumption Forecast (2011-2015)
3. CHINA'S REFINING SECTOR
3.1 Refining Capacity
3.1.1 Current Refining Capacity by End 2010
3.1.2 Newly-Added Refining Capacity in 2010
3.1.3 Current Processing Capacity on High Sulfur Crude
3.1.4 Increases in Refining Capacity over the Past Five Years
Chart: Changes in China's Refining Capacity (2006-2010)
3.1.5 Refinery Projects Expected in 2011-2015
Table: Refinery Projects Proposed/Planned for Period: 2011-2015
3.2 Crude Oil Throughputs
3.2.1 Crude Throughputs and Products Yield Ratios in 2010
Chart: Oil Products Yield Ratios (2010)
3.2.2 Crude Throughputs over the Past Five Years
Chart: Historical Crude Oil Throughputs (2006-2010)
3.2.3 Operating Run Rates of Major Refineries in China Since 2006
Chart: Average Run Rates of China's Major Refineries (2006-2010)
3.2.4 Products Yield Rates of China’s Refineries over the Past Five Years
Chart: Products Yield Ratios of China’s Major Refineries (2006-2010)
3.2.5 Forecast of China's Crude Oil Throughputs/Refinery Run Rates for 2011-2015
Chart: China's Refining Run Rates Forecast (2011-2015)
3.3 Independent Refineries
3.3.1Refining Capacity of China's Independent Refineries
Chart: Aggregate Capacity of Independent Refineries (2010) – By Region
Table: China's Top Ten Independent Refineries in China in 2010
3.3.2 Run Rates of Independent Refineries in 2010
Chart: Run Rates of Independent Refineries (2010)
3.3.3 Independent Refinery Expansion Projects Expected in 2011-2015
Table: New Capacity of Independent Refineries to Come Online in 2011-2015
4. CHINA'S PETROLEUM PRODUCTS MARKET
4.1 GASOLINE
4.1.1 Gasoline Demand & Supply in 2010
4.1.1.1 Consumption
Table: China's Gasoline Apparent Consumption for 2010
Chart: China’s Gasoline Consumption by Quarter in 2010
4.1.1.2 Output
Chart: China’s Gasoline Output by Quarter in 2010
4.1.1.3 Imports & Exports
Chart: China’s Gasoline Imports by Quarter in 2010
Chart: China’s Gasoline Exports by Quarter in 2010
4.1.1.4 Exports by Customs & Destination
Chart: China’s Gasoline Exports – by Customs (2010)
Chart: China’s Gasoline Exports – by Destination (2010)
4.1.2 Gasoline Consumption by Region
4.1.3 Gasoline Demand & Supply over the Past Five Years
Chart: China's Gasoline Apparent Consumption & GDP Elasticity (2006-2010)
Chart: China’s Gasoline Output Trend (2006-2010)
Chart: China’s Gasoline Export Trend (2006-2010)
4.1.4 Forecast of Gasoline Demand & Supply in 2011-2015
4.1.4.1 Demand
Table: China's Gasoline Apparent Consumption Forecast for 2011
Chart: China's Gasoline Apparent Consumption Forecast (2011-2015)
4.1.4.2 Domestic Production
Chart: China’s Gasoline Output Forecast (2011-2015)
4.1.4.3 Imports & Exports
Chart: China’s Gasoline Net Exports Forecast (2011-2015)
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 2010
4.2.1.1 Consumption
Table: China's Naphtha Apparent Consumption for 2010
Chart: China’s Naphtha Apparent Consumption by Quarter in 2010
4.2.1.2 Output
Chart: China’s Naphtha Output by Quarter in 2010
4.2.1.3 Imports & Exports
Chart: China’s Naphtha Imports by Quarter in 2010
Chart: China’s Naphtha Exports by Quarter in 2010
4.2.2 Naphtha Consumption by Region
4.2.3 Naphtha Consumption by Sector
4.2.4 Naphtha Demand & Supply over the Past Five Years
Chart: China's Naphtha Apparent Consumption Trend (2006-2010)
Chart: China's Naphtha Apparent Consumption & GDP Elasticity (2006-2010)
Chart: China’s Naphtha Production Trend (2006-2010)
Chart: China’s Naphtha Import Trend (22006-2010)
Chart: China’s Naphtha Export Trend (2006-2010)
4.2.5 Forecast of Naphtha Demand & Supply in 2011-2015
4.2.5.1 Demand
Table: China's Naphtha Apparent Consumption Forecast for 2011
Chart: China's Naphtha Apparent Consumption Forecast (2011-2015)
4.2.5.2 Domestic Production
Chart: China’s Naphtha Output Forecast (2011-2015)
4.2.5.3 Imports & Exports
Chart: China’s Naphtha Net Imports Forecast (2011-2015)
4.3 JET FUEL (KEROSENE)
4.3.1 Kerosene Demand & Supply in 2010
4.3.1.1 Consumption
Table: China’s Kerosene Apparent Consumption for 2010
4.3.1.2 Kerosene Output
4.3.1.3 Jet Fuel Imports & Exports
4.3.2 Kerosene Consumption by Region
4.3.3 Kerosene Demand & Supply over the Past Five Years
Chart: China’s Kerosene Apparent Consumption & GDP Growth Elasticity (2006-2010)
Chart: China’s Jet Fuel Imports (2006-2010)
Chart: China's Jet Fuel Exports (2006-2010)
4.3.4 Forecast of Kerosene Demand & Supply in 2011-2015
4.3.4.1 Demand
Table: China’s Kerosene Apparent Consumption for 2011
Chart: China’s Jet Fuel Demand Forecast (2011-2015)
4.3.4.2 Domestic Kerosene Production
Chart: China’s Jet Fuel Production Forecast (2011-2015)
4.3.4.3 Jet Fuel Imports & Exports
Chart: China's Jet Fuel Net Imports Forecast (2011-2015)
4.4 GASOIL
4.4.1 Gasoil Demand & Supply in 2010
4.4.1.1 Consumption
Table: China's Gasoil Apparent Consumption for 2010
4.4.1.2 Output
4.4.1.3 Imports & Exports
4.4.1.4 Exports by Customs & Destination
Chart: China's Gasoil Exports in 2010 - By Customs Location
Chart: China's Gasoil Exports in 2010 - By Destination
4.4.2 Gasoil Consumption by Region
4.4.3 Gasoil Consumption by Sector
4.4.4 Gasoil Demand & Supply over the Past Five Years
Chart: China's Gasoil Apparent Consumption & GDP Elasticity (2006-2010)
4.4.5 Forecast of Gasoil Demand & Supply in 2011-2015
4.4.5.1 Demand
Chart: China's Gasoil Apparent Consumption Forecast (2011-2015)
4.4.5.2 Domestic Production
Chart: China's Gasoil Output Forecast (2011-2015)
4.4.5.3 Imports & Exports
Chart: China's Gasoil Net Imports Forecast (2011-2015)
4.5 FUEL OIL
4.5.1 Fuel Oil Demand & Supply in 2010
4.5.1.1 Consumption
Table: Forecast of China's Fuel Oil Apparent Consumption for 2010
4.5.1.2 Output
4.5.1.3 Net Imports
4.5.1.4 Bonded Fuel Oil Market
4.5.2 Fuel Oil Consumption by Region
4.5.3 Fuel Oil Consumption by Sector
4.5.4 Fuel Oil Demand & Supply over the Past Five Years
Chart: Elasticity of China's Fuel Oil Apparent Consumption Growth and GDP Growth in 2006-2010
4.5.5 Forecast of Fuel Oil Demand & Supply in 2011-2015
4.5.5.1 Demand
Table: China’s Fuel Oil Apparent Consumption in 2011
Chart: China's Fuel Oil Apparent Consumption Forecast (2011-2015)
4.5.5.2 Domestic Production
Chart: Forecast of China Fuel Oil Output (2011-2015)
4.5.5.3 Imports & Exports
Chart: Forecast of China Fuel Oil Net Imports (2011-2015)
4.5.6 Changes in Major Fuel Oil Suppliers
Table: China's Top 10 Fuel Oil Importers in 2010
Table: China's Top 10 Fuel Oil Producers in 2010
4.5.7 Bonded Bunker Market
Table: China's Top 8 Fuel Oil Exporters List in 2010
4.6 LPG
4.6.1 LPG Demand & Supply in 2010
4.6.1.1 Consumption
Table: China's LPG Apparent Consumption for 2010
4.6.1.2 Output
4.6.1.3 Imports & Exports
4.6.2 LPG Consumption by Region
4.6.3 LPG Consumption by Sector
4.6.4 Changes in Major LPG Importers, Exporters & Market Players
Table: China's Top 10 LPG Importers in 2010
Chart: China’s Top 10 LPG Exporters in 2010
4.6.5 LPG Demand & Supply over the Past Five Years
Chart: China's LPG Apparent Consumption (2006-2010)
Chart: China’s LPG-GDP Elasticity Curve (2006-2010)
Chart: China’s LPG Output (2006-2010)
Chart: China’s LPG Imports (2006-2010)
Chart: China’s LPG Exports (2006-2010)
4.6.6 Forecast of LPG Demand & Supply in 2011-2015
4.6.6.1 Demand
Chart: China's LPG Apparent Consumption Forecast (2011-2015)
4.6.3.2 Domestic Production
Chart: China’s LPG Output Forecast (2011-2015)
4.6.3.3 Imports & Exports
Chart: China’s LPG Net Imports Forecast (2011-2015)
5. OIL PRICES AND MARGINS IN 2010
5.1 Crude Oil Price Movements & Refinery Margins
5.1.1 Crude Oil Price Movements in 2010
Chart: International Crude Oil Price Trend: Brent vs. WTI (2010)
5.1.2 Refining Margins of Major Domestic Refineries
Chart: Refining Margins of Major Refineries in China (2010)
5.2 Distillates Price Movements in 2010
5.2.1 Distillates Crack Spread in Asian Market
Chart: Distillates Crack Spread in Asian Market
5.2.2 Gasoline Wholesale Prices vs. International Crude & Gasoline Prices
Chart: Gasoline Price Comparison: Wholesale Prices in China vs. FOB Prices in Singapore (2010)
5.2.3 Export Margins for Gasoline
Chart: Gasoline Export Margins in China (2010)
5.2.4 Gasoil Wholesale Prices vs. International Crude & FOB Singapore Gasoil Prices
Chart: Gasoil Price Comparison: Average Wholesale Price in China vs. CFR China Import Cost (2010)
5.2.5 Import & Export Margins for Gasoil
Chart: Gasoil Import Margins in South China (2010)
Chart: Gasoil Export Margins in South China (2010)
5.2.6 Margins of Petrol Stations
Chart: Retail Margins of 93-Ron Gasoline in China (2010)
Chart: Retail Margins of Zero Pour Point Gasoil in China (2010)
Chart: Estimated Integrated Margins of Petrol Stations in China (2010)
5.2.7 Naphtha Ex-Refinery Prices
Chart: Naphtha Ex-Refinery Prices from Sinopec and PetroChina vs. CFR Japan, FOB Singapore (2010)
5.2.8 Jet Retail Prices
Table: China’s Jet Kerosene Benchmark Supply Price Adjustments in 2010
5.3 Fuel Oil Price Movements in 2010
5.3.1 Crack Spread between Singapore M/C Fuel oil Swaps / Dubai (2009-2010)
Chart: Crack Spread between Singapore M/C Fuel oil Swaps / Dubai (2009-2010)
5.3.2 Price Trend of Mixed/Cracked High Sulfur 180CST Fuel Oil and International Crude Prices,
5.3.3 Price Trend of CFR China Premiums of Straight-Run Fuel Oils
5.3.4 Import Margins for Fuel Oil
Chart: Import Margins of M/C 180CST HSFO in Huangpu and Straight-run 180CST HSFO in Qingdao
5.3.5 Export Margins for Fuel Oil
Chart: Spread between Front Month Singapore Fuel Oil Swaps and Huangpu Fuel Oil Price
5.3.6 Refining Margins of Independent Refineries
Chart: Refining Margins of Shandong's Independent Refineries and Guangdong's Teapot Refineries (2009-2010)
5.4 LPG Price Movements in 2010
5.4.1 Domestic Wholesale Prices vs. International Crude & LPG Prices
Chart: Imported LPG Prices in South China vs. Saudi CP (2010)
Chart: Average Monthly Prices of LPG in China (2010)
5.4.2 Import Margins for LPG
Chart: Import Margins for LPG Imports into China (2010)
5.4.3 Retail Margins for LPG Distributors in Major Chinese Cities
Chart: Retail Margins for 14.5-kg Bottled LPG in East China (2010)
Chart: Retail Margins for 14.5-kg Bottled LPG in South China (2010)
6. GOVERNMENT POLICIES AFFECTING CHINA’S OIL INDUSTRY IN 2010
Macro Economy
6.1 Unpeg of RMB from US Dollar
6.2 Notice on Capping Surges of Housing Prices in Some Cities
6.3 China Banking Regulatory Commission’s Stricter Control Over Loans
6.4 Twelfth Five-Year Social and Economic Development Program
6.5 Active Fiscal and Relatively Loose Monetary Policies
6.6 Impact of 2009 Economic Bailout Funds and Industry Revitalization Program
6.7 Suspension of Export Taxes Refunds
Energy
6.8 Impact of Petrochemical Industry Adjustment and Revitalization Program
6.9 Impact of Automobile Industry Adjustment and Stimulus Program
6.10 Influence of Petroleum Price Management Methods
6.11 Influence of Reform on Distillates Consumption Taxes
6.12 New Energy Revitalization Program
6.13 Subsidies on New Energy-Fuelled Autos
6.14 ECFA between Mainland China and Taiwan
6.15 Crude/Distillates Wholesalers and Storage Operators Newly Approved by MOFCOM
6.16 Upgrade of Vehicle-Use Fuels
6.17 Energy-Saving and Emissions-Cutting Achievements in 2006-2010
Private Oil Sector
6.18 State Council’s Advice on Encouraging and Guiding Healthy Development of Private Investments
6.19 Import Right and Import/Export Quota: Looser Control on Crude Import Market?
6.20 Government Rents Oil Tanks from Private Companies for SPR
7. HOT ISSUES IN 2009
7.1 The Macro Economy
7.1.1 Economy Recovery and Economic Restructuring in China: Restructuring, Anti-Inflation, Securing Growth
7.1.2 From Economic Surge to Slower Growth
7.2 Development of China’s Distillates Export Market
7.3 Fierce Competition in Distillates Wholesale and Retail Markets
7.4 The Impact of World Exposition & Asian Games on China’s 2010 Oil Demand
7.5 Importing of Cutback Bitumen by Independent Refineries
7.6 Sinopec Unifies Domestic Fuel Oil Sales
7.7 Crude and Distillates Strategic & Commercial Reserves
7.7.1 Crude Strategic Reserves
7.7.2 Distillates Strategic Reserves
7.8 Development of New Energy
7.8.1 Methanol Gasoline
7.8.2 Gasohol
7.8.3 Bio-Diesel
7.8.4 DME
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: China's Major Fuel oil Tank Farms
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
APPENDIX
A1. China’s GDP Growth in 2006-2010
A2. China’s Forecasted Supply/Demand Balance Sheet for Main Petroleum Products (2010)
A3. China’s Major Crude Production Regions in 2010
A4. China’s Top 20 Refineries’ Crude Throughput in 2010
A5. China’s Gasoline Production by Region in 2010
A6. China’s Gasoil Production by Region in 2010
A7. China’s Kerosene Production by Region in 2010
A8. China’s Fuel Oil Production by Region in 2010
A9. China’s Monthly Crude Imports and Exports in 2010
A10. China’s Crude Imports by Source in 2010
A11. China’s Crude Imports by Customs in 2010
A12. China’s Monthly Gasoline Imports and Exports in 2010
A13. China’s Gasoline Exports by Destination in 2010
A14. China’s Monthly Naphtha Imports and Exports in 2010
A15. China’s Naphtha Exports by Destination in 2010
A16. China’s Naphtha Imports by Customs in 2010
A17. China’s Naphtha Imports by Source in 2010
A18. China’s Monthly Jet Imports and Exports in 2010
A19. China’s Jet Imports by Source in 2010
A20. China’s Jet Imports by Customs in 2010
A21. China’s Jet Exports by Destination in 2010
A22. China’s Monthly Gasoil Imports and Exports in 2010
A23. China’s Gasoil Imports by Source in 2010
A24. China’s Gasoil Imports by Customs in 2010
A25. China’s Gasoil Exports by Destination in 2010
A26. China’s Monthly Fuel Oil Imports and Exports in 2010
A27. China’s Fuel Oil Imports by Source in 2010
A28. China’s Fuel Oil Imports by Customs in 2010
A29. China’s Fuel Oil Exports by Customs in 2010
A30. China’s Monthly LPG Imports and Exports in 2010
A31. China’s LPG Imports by Source in 2010
A32. China’s LPG Imports by Region in 2010
A33. China’s LPG Exports by Destination in 2010
