how many men have affairs dating a married man affair dating sites
dating a married woman how to cheat on husband married men affairs
women who want to cheat cheat wife how many men have affairs
dating for married people unfaithful spouse reasons women cheat on their husbands
dating for married people redirect reasons women cheat on their husbands
one month pregnant click where can i get an abortion pill
your wife cheated on you how do you know your wife cheated
how do i know if my girlfriend cheated on me how do you get a girlfriend
women who cheat on their husband open My wife cheated on me
types of abortion pill free abortions cons of abortion pill
lilly cialis coupon cialis coupons printable printable coupons for cialis
side effects of abortion pill early abortion pill the cost of abortion
" />
SZ China Report: Full and deep view of China oil, gas & petrochemical market.
Get Free SZ’s Newsletter
sz China Refining Monthly Report-Feb’2013
[Wednesday, Feb. 20, 2013] PRINT EMAIL FAV PDF




Review of China Refining Market in Feb 2013


News Spot:


China is aiming to slow energy consumption in the years to come in order to create a greener economy. Total energy consumption will be reduced to less than 4 billion mt of standard coal equivalent by 2015, according to an energy plan for the 12th Five-Year Plan period (2011-2015).


China will proactively introduce a set of new taxation policies designed to preserve the environment, including a tax on carbon dioxide emissions.


China requires its nonferrous metals industry to improve energy efficiency by 18% by the end of 2015 to conserve resources and reduce pollution.


Crude Refining:


Sinopec and PetroChina are expected to process a combined 29.77-mil mt of crude in Feb, with daily throughput up by 0.8% from the previous month.


China’s petrochemical market is expected to see increasing capacity expansion in 2013 and beyond, while continuing economic growth bodes well for demand..




China aims to keep its crude production capacity at about 200-mil mt/year in 2011-2015. China also sets a limit of 61% for dependence on foreign crude in 2015. China intends to raise its refinery topping capacity to 620-mil mt/year in 2015.


Notes: China NBS (National Bureau of Statistics) used not to issue the production data in Jan. SZ will offer Jan-Feb’s oil products production data in next issue.




China Refining Monthly Report-Feb’2013. 1

Please see ’’’’ for more detailed information about China oil, gas & petrochemical industry. 3

1 China Refining Topic News. 4

1.1 Market Overview:. 4

1.1.1 China aims for stable crude production capacity in 2011-2015. 4

1.1.2 China refinery throughput expected to fall 0.2% in Feb. 4

1.1.3 Petrochemical capacity to expand in China in 2013. 4

1.1.4 China’s end-Dec’2012 crude stocks fall 3.62%.. 6

1.1.5 China’s oil product stocks rise 4.15% on Dec’2012. 6

1.1.6 Sinopec Hubei to sell 9% more oil products in 2013. 6

1.1.7 Sinopec posts slower rise in 2012 crude throughput. 6

1.1.8 Sinopec posts 2% of rise in 2012 crude production. 6

1.1.9 ChemChina obtains quota for 10-mil mt of imported crude in 2013. 7

1.1.10 China’s crude apparent consumption up 4.96% in 2012. 7

1.1.11 China’s crude throughput rises 3.7% in 2012. 7

1.1.12 Jan oil product retail margins grow on lower wholesale prices. 8

1.1.13 China Private oil product stocks surge amid bullish sentiment. 8

1.1.14 China’s major refinery margins fall on higher crude prices. 8

1.2 Fuel Oil 8

1.2.1 Bunker refueling suspended on fog at some Bohai Bay ports. 8

1.2.2 SRFO import losses in Shandong deepen on higher costs. 8

1.2.3 S China’s fuel oil imports may rise 73% in Feb. 9

1.2.4 China’s fuel oil imports expected to decline 16% in Feb. 9

1.3 Gasoline  9

1.3.1 Anhui to levy no consumption taxes on aromatic gasoline. 9

1.3.2 NE China still largest gasoline producer in 2012. 10

1.3.3 Sinopec starts supplying GB IV gasoline in Hangzhou, Ningbo. 10

1.4 Jet Fuel 10

1.4.1 China supplies 23% more jet fuel to international flight in 2012. 10

1.4.2 Sinopec Jinling to export 30,000mt of jet fuel in Feb. 10

1.4.3 Major refiners still show strong interest in jet fuel production. 10

1.5 Diesel 11

1.5.1 Petrol stations diesel sales worsen in second half of Jan. 11

1.5.2 State-owned gas stations may offer GB-V diesel in Nanjing from Jul 11

1.6 LPG  11

1.6.1 China’s LPG apparent consumption estimated down 7.39% in Jan. 11

1.6.2 China Domestic LPG prices rise since early Feb. 11

1.7 Other Petrochemical 12

1.7.1 Fushun Mining cuts shale oil price by 3.47%.. 12

1.7.2 Shanghai to extend use of methanol fuel in 2013. 12

1.7.3 Maoming Petrochemical to export 93,000mt of distillates in Feb. 12

1.7.4 C4 aromatisation margins turn negative in Shandong. 12

1.8 China Oil Tank And Transportation. 12

1.8.1 Myanmar Oil, Gas Pipelines to be Completed in May. 12

1.9.2 China close to $650m Iraq oil pipeline contract. 13

1.9 China Refining & Petrochemical Construction. 13

1.9.1 Work on Sino-Russian oil refinery might start in Jun. 13

1.11 China Oil Supply-Demand Overview in Dec’2012. 14

1.11 Gasoline/Gas Oil Vs LPG prices in S. China & E. China over the past three months. 14

Curve 1: Gasoline/Gas Oil Vs LPG prices in S. China over the past 3 months: US$/6.28/113% or /117%.. 14

Curve 2: Gasoline/Gas Oil Vs LPG prices in E. China over the past 3 months: US$/6.28/113% or /117%.. 14

2     Major Refineries. 15

2. 1   Sinopec  15

2.1.1 South China – Sinopec Dongxing to cut daily crude run by 5-6% in Feb. 15

2.1.2 East China – Sinopec Shanghai to run at 95% of capacity in Feb. 15

2.1.3 East China – Sinopec ZRCC to hike crude throughput by 9.5% in 2013. 15

2.1.4 Central China – Sinopec Wuhan to refine 2% less crude in Feb. 15

2.1.5 North China - Qingdao Refining & Chemical to refine 9-10% more crude in Feb. 15

2.1.6 North China - Sinopec may start building Caofeidian refinery within 2013. 15

2. 2 CNPC (PetroChina). 16

2.2.1 Northeast China –PetroChina raises Feb Daqing, Jidong crude prices by 0.8%.. 16

2.2.2 Northeast China – PetroChina Liaoyang to raise daily throughput by 9% in Feb. 16

2.2.3 Northeast China – PetroChina WEPEC to maintain stable crude throughput in Feb. 16

2.2.4 Northeast China - PetroChina Dalian to export four cargoes of gasoline in Feb. 16

2.2.5 Northeast China – PetroChina Jinzhou to maintain stable throughput in Feb. 16

2.2.6 South China - Petrochina Guangxi Petrochemical to cut throughput by 1.3% in Feb. 17

2.3 CNOOC  17

2.3.1 South China - CNOOC to halve LPG supply from Huizhou refinery in Feb. 17

2.4 Independent Refineries. 17

2.4.1 Shandong Independent Refineries. 17

2.5 Refinery Turnarounds. 19

3     Policy, Regulation & Law.. 19

3.1 China sets slower energy consumption targets. 19

3.2 China to further tap geothermal energy. 20

3.3 China to introduce carbon tax. 20

3.4 China Targets to lift energy efficiency by 18%.. 20

3.5 NDRC defers fuel price hikes. 21

4     China Oil Products Import & Export. 21

4.1 China oil imports likely to rise more in second half 21

4.2 South China Fuel Oil Imports Set to Fall 22

4.3 China’s Jan crude imports rise 7.4% year on year to 5.95 mil b/d. 22

4.4 China’s Iran oil imports in Dec 2012 hit 2.5mt. 23

4.5 China Aims to Import 61% of Crude-Oil Needs by 2015. 23

4.6 China to begin importing Iranian polyethylene in Jan. 24

4.6 China’s gasoline exports down 25.7% in Dec 2012. 24

4.7 China’s crude imports from S America rise 23% in 2012. 24

4.8 China’s jet fuel exports grow 14% in 2012. 24

4.9 China records net diesel exports in 2012. 25

4.10 Russia still largest fuel oil supplier for China in 2012. 25

4.11 Shandong’s Dec fuel oil imports grow 24%.. 25

4.12 Singapore tops with diesel imports from China in 2012. 25

4.13 China’s LPG exports to Hong Kong grow 14% in 2012. 25

4.14 Sinopec to export 100,000mt distillates from Hainan in Feb. 25

4.15 China’s fuel oil imports estimated down 20% in Jan. 26

4.8 OIL DATA: Oil Products Imports & Exports in China in Dec’2012. 26

5     China Data. 27

Notes: China NBS (National Bureau of Statistics) used not to issue the production data in Jan. SZ will offer Jan-Feb’s oil products production data in next issue. 27


dating a married woman wifes cheat married men affairs
i cheated on my husband how many women cheat on husbands married cheat
i cheated on my husband my wife cheated on me now what married cheat
open website why men cheat
love affairs with married men my wife emotionally cheated on me cheat wife
love affairs with married men women who love to cheat cheat wife
married cheat i dreamed my husband cheated on me what makes women cheat
reasons women cheat infidelity in marriage click
reasons women cheat all wife cheat click
redirect the day after pill why women choose abortion
how do i know if my girlfriend cheated on me how do you get a girlfriend
feldene flas feldene flash feldene
lamisil crema precio lamisil crema precio lamisil
side effects of abortion pill how do abortion pill work the cost of abortion
For more information, please email to:
SZ China Refining Monthly Free Trial
Contact SZ
5F, 417 Yuyao Rd.,
Shanghai, 200042, China
Tel: (86 21) 54383583
ICP 07002695