Summary:
China records increasing demand for mixed aromatics as its output for blended gasoline has kept climbing and hit new record highs in 2009-2011. However, the domestic mixed aromatics market was seriously hit and became stagnant in May 2011 after Sinopec halts outsourcing of blended gasoline due to quality deficits. The domestic gasoline blendstock market, including the market of mixed aromatics, relies heavily on gasoline outsourcing of the three major state-run oil giants Sinopec, PetroChina and CNOOC, especially Sinopec. Whether the domestic mixed aromatics market can keep a sustained growth is the most discussed topic in the year.
Highlights:
Will the domestic products be far from enough to meet the domestic demand, given the supply of domestically produced mixed aromatics is decreasing?
Will the country, which already has high dependency on imported mixed aromatics already, continue to hike its imports in the future?
Can the Chinese buyers afford the high import costs, since the prices in the international mixed aromatics market has been spurred up by active trading?
Features:
1. Comprehensive statistics on the domestic mixed aromatics production capacity
2. China’s mixed aromatics production outlook
3. China’s mixed aromatics imports and exports, import sources and features of its import market
4. Specifications of mixed aromatics produced by domestic refineries, and specifications of imported products
5. Upstream and downstream industries
Table of Contents
1 Definitions and specifications
1.1 Definitions of mixed aromatics
1.2 Specifications of mixed aromatics
1.2.1 European and American mixed aromatics
1.2.2 South Korea’s hydro-treated C9
1.2.3 Malaysia’s C8+ mixed aromatics
1.2.4 Domestic mixed aromatics
2 China’s supply & demand: review & outlook for 2010-2011
2.1 Domestic production
2.1.1 Production in major refineries
2.1.2 Production in independent refineries
2.1.3 Forecast for domestic production
2.2 Demand for mixed aromatics
2.2.1 Demand from blended gasoline market in 2010-2011
2.2.2 Demand for mixed aromatics (heavy aromatics) from solvent market in 2010-2011
2.2.3 Demand for mixed aromatics (heavy aromatics) from petroleum resin market in 2010-2011
2.2.4 Demand forecast
3 China’s imports & exports: review & outlook for 2010-2011
3.1 Imports of mixed aromatics
3.2 Imports of mixed aromatics by customs
3.3 Imports of mixed aromatics by source
3.4 Imports of heavy aromatics
3.5 Imports of heavy aromatics by customs
3.6 Imports of heavy aromatics by source
3.7 Outlook of mixed aromatics and heavy aromatics imports
3.8 Top 10 importers of mixed aromatics
3.9 Dependence on mixed aromatics imports
3.10 Trading flow in the Chinese mixed aromatics market
4 Prices & margins
4.1 Prices of mixed aromatics and heavy aromatics in 2010-2011
4.2 Co-relation of mixed aromatics prices with gasoline prices
4.3 Import margins of mixed aromatics and heavy aromatics
5 Government policies affecting China’s mixed aromatics market
5.1 Impact on mixed aromatics market from oil product pricing mechanism and tax reform
5.1.1 New market for oil blending established since consumption tax levied on refineries
5.1.2 More transparent oil product pricing mechanism good news for traders
5.1.3 Demand grows amid upgrading of vehicle-use gasoline specs
