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China's Independent Refineries Operation Report 2017-2020

Publisher Name :
Date: 15-May-2017
No. of pages: 204

Keywords: China's Independent Refineries Operation Report 2017-2020 covers all aspects of independent refineries in China. With comprehensive market review, detailed and reliable market data, you will have a timely and accurate understanding of China's independent refineries industry.

Introduction:

With a series of favorable policies being released by the Chinese government in 2016, China's independent refineries were embracing supportive development opportunities. In 2016, China's independent refineries had broken the monopoly of the Three Giants for using imported crude oil, changed the supply pattern in Chinese oil refining industry and impacted the supply pattern of the refined oil market in Southeast Asia, which all attracted people's attention on China's independent refineries. However, at the beginning when China's independent refineries were first constructed, those independent refineries were facing obstacles for development, as they lacked raw materials for production, the quality of their products was poor and the market shares they took were very small. Nevertheless, for those private companies who assume sole responsibility for its profits and losses and are active in pursuing profits, only changes can help them to break through the obstructions on the way of development. From cooperating together to developing by themselves and from being shut down due to heavy losses to earning high profits, the development of the independent refineries was remarkable. In 2016, the increasing rate of the earnings at plenty of independent refineries in China was beyond 10%.

The development of China's independent refineries not only needs the efforts from the refineries themselves but also needs the policy orientation as well as the supports from external environment. The implementation of the "three rights" (the rights to import crude oil, process imported crude oil and export refined oil products) has changed the operation mode of independent refineries. Up to the end of 2016, the import quota of China's independent refineries totaled 77,430kt/a. This figure is still expanding. China's dependence on foreign imports of crude oil has reached a record high of more than 65%. The development of independent refineries will continue influencing the China's refining industry. China's reform of the supply side of the oil refining industry is deepening. So, when will the market price of refined oil become market-oriented? Can the situation of monopoly in refining industry be broken? Will the import quota of the independent refineries increase or decrease in the later stage? Can the refined oil export quota be given to the independent refineries again in the future? How the supply and demand pattern of independent refineries will change at home and abroad? The 2017-2020 China's Independent Refineries Business Report will provide you more guidance.

China's Independent Refineries Operation Report 2017-2020

Table of Contents

Part 1 Methodology & Related Definition 6
1 Methodology & Definition 6
1.1 Report Reliability & Statement 6
1.2 Data Interpretation & Annotation 6
2 Definition & Abbreviation 6
3 Statement of Prediction Model 8
4 China's Independent Refineries' List 9
Part 2 China's Independent Refineries Development History and Elements Analysis 11
1 China's Independent Refineries' Formation and Development History 11
1.1 1970s-1999: Birth of China's Independent Refineries 11
1.2 2000-2010: Debut of China's Independent Refineries against Oil Supply Crises 13
1.3 2010-2014: From Chaos to Order, China's Independent Refineries Achieved Industrial Upgrade 14
1.4 2015-Present: Going Out and Bringing In Policies Promise a Bright Future 14
2 China's Independent Refineries' Capital Structure Development 15
3 China's Independent Refineries Industry Position Evolution 17
4 China's Independent Refineries Evolution Driving Forces Analysis 18
4.1 Economy Analysis 18
4.2 Policy Analysis 20
4.3 Micro-Market Analysis 25
Part 3 China's Independent Refineries Refining Process Analysis 32
1 Independent Refineries Units Operation and Development Analysis 32
1.1 China's Independent Refineries Oil Refining Units Evolution Analysis 32
1.2 China's Independent Refineries Units Operation Analysis 36
1.3 Unit Overhaul Period and Seasonal Factors Analysis 37
1.4 Unit Nelson Complexity Index Assessment 39
1.5 Production Technology Upgrade Progress Analysis 40
1.6 Future Reconstructed, Expanded & Newly-Built Units Statistics 42
2 China's Independent Refineries Feedstock Demand & Structure Change 43
2.1 Feedstock Processing Volume & Varity Analysis 43
2.2 Chinese-Made Feedstock Supply & Demand Pattern Analysis 45
2.3 Imported Feedstock Supply & Demand Pattern Analysis 45
2.4 Crude Oil Import Qualification Statistics for Non-State Trade 48
2.5 Feedstock Purchasing Trade Mode Analysis 50
2.6 Influence of Consumption Tax on Independent Refineries' Choices for Feedstock 52
3 China's Independent Refiners Product Structure Analysis 53
3.1 Product Structure Evolution at China's Independent Refineries 54
3.2 Driving Factor Analysis on Product Structure Change 66
4 China's Independent Refiners Storage Supporting Facility Development Analysis 66
4.1 Independent Refiners (with Capacity Over 2,000kt/a) Storage Capacity Change Analysis 66
4.2 Independent Refiners (with Capacity Over 2,000kt/a) Feedstock and Petroleum Products Stock Analysis 70
4.3 Impact of Storage Supporting Facility on Independent Refiners Operation 74
5 China's Independent Refiners Oil Refining Profitability Analysis 76
5.1 Imported Crude Oil Processing Profitability Analysis 77
5.2 China's Crude Oil Processing Profitability Analysis 78
5.3 Other Feedstock Processing Profitability Analysis 79
6 China's Independent Refiners Oil Refining Process Case Analysis 80
Part 4 China's Independent Refiners Product Circulation Analysis 82
1 Refined Oil Sales Policy Analysis 83
1.1 Pricing Mechanism Analysis 83
1.2 Analysis on Terms of Payment 84
2 Other Major Products Sales Policy Analysis 85
2.1 LPG Sales Policy Analysis 85
2.2 Naphtha Sales Policy Analysis 85
2.3 Petroleum Coke Sales Policy Analysis 86
2.4 Asphalt Sales Policy Analysis 86
2.5 Fuel Oil Sales Policy Analysis 87
3 Independent Refiners' Petroleum Products Trade Flow Analysis 87
3.1 Gasoline and Diesel Trade Circulation System Analysis 87
3.2 Other Petroleum Products Trade Circulation System Analysis 88
3.3 Oil Products Trade Flow Evolution Analysis 90
4 China's Independent Refiners' Export Analysis 92
4.1 Export Quotas Statistics and Influencing Factors Analysis 92
4.2 Refined Products' Export Arbitrage Analysis 94
5 China's Independent Refineries' Oil Products Transportation Analysis 96
5.1 Feedstock Transportation Modes and Costs Analysis 97
5.2 Refined oil Transportation Modes and Costs Analysis 101
6 Independent Refineries' Products Market Analysis 104
6.1 Gasoline and Diesel Prices Analysis 104
6.2 Other Main Products' Market Analysis 105
7 Independent Refineries' Refined Oil Retail Flow Analysis 110
Part 5 China's State-Owned Integrated Refineries' and Independent Refineries' Oil Processing Performance Benchmark Data 111
1 Element Description of Refineries' Production and Sales Comparison Model 111
1.1 Scale Indicators 111
1.2 Profitability Indicators 111
1.3 Technical Level Indicators 111
1.4 Financial Indicators 112
1.5 Growing Capability Indicators 112
2 State-Owned and Independent Refiners Benchmarking Data Statistic and Analysis 114
2.1 Oil Refining Capacity and Technology 114
2.2 Financing Ability and Resource Allocation 115
2.3 Brand Influence and Profitability 115
Part 6 China's Independent Refineries Development Outlook 116
1 China's Oil Refining Industry Development Outlook 116
1.1 China's Oil Refining Industry Development Trend Analysis 116
1.2 China‘s Oil Refining Industry Layout Trend Analysis 124
1.3 Alternative Energy Industry Analysis 126
2 2017-2020 China's Independent Refineries Macro Driving Factors Analysis 130
2.1 Analysis of Macro-Economy's & Policy's Influence on the Future Development of China's Independent Refineries 130
2.2 Analysis of Industrial Restructuring's Influence on China's Independent Refineries 134
2.3 Analysis of Refining Technology's Influence on China's Independent Refineries 136
3 2017-2020 China's Independent Refineries Micro-Markets Outlook & Analysis 136
3.1 Refining-Chemical Integration Progress Outlook & Analysis 137
3.2 Marketization and Globalization Tendency Outlook and Analysis 140
3.3 Development Outlook and Analysis of Terminal Sales of Independent Refineries 142
3.4 Market Outlook of China's Independent Refineries at Micro Levels 148
Appendix 1: Related Policies about China's Independent Refineries 150
Appendix 2: Charts & Tables 202
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