click here for sample pages

 

CCM>Market Reports>

About This Report:

* The corporate license/site license is only for the sole and confidential use within the subscriber company and its affiliates in which the subscriber company owns, directly or indirectly, a fifty percent or greater, financial interest.

Description:

Fuel oil demand in China to decrease in 2007

Demand for fuel oil in China rose 8.8 percent annually from 2002 to 2006, primarily driven by petrochemical, transportation and building materials growth, as well as electricity and metallurgy development. In 2006, China consumed 480 million tons of fuel oil, being the largest consumer of fuel oil in Asia. Since 2004, demand for fuel oil in China keeps decreasing, and it will keep decreasing in 2007 because of its high price, and declining demand of fuel oil from power generation, etc.

Imported fuel oil to remain dominant in China

More and more domestic demand of fuel oil has to be fulfilled by imported fuel oil because of the limited supply of homemade fuel oil. Especially in recent years, the economy in East China and China's coastal regions has developed fast, and the demand for fuel oil in these regions soared. But these regions are lack of energy supply, this pushes China to import more fuel oil. In 2004, China imported 30,000,000 tonnes of fuel, while in 1995 the number was just 6,000,000 tonnes.

South China to become the region with largest consumption in China

South China is expected to enjoy the largest fuel oil market share. The South China, around Pearl River Delta, is the largest regional market, accounting for about 40% of fuel oil use, based on the region’s advantages of a manufacturing base, more developed technologies and wealthier consumer market. The second largest regional market, the East around Yangtze River Delta, consumed slightly less than one-third of total national demand.

This share will shrink slightly due to high production cost and the competition from LNG in Guangdong province.

Transportation to be the largest consumption field

In 2006, transportation industry consumed 10,564kts of fuel oil, surpassing electricity industry to become the largest consumer of fuel oil in China. Electricity used to be the largest consumption field of fuel oil in China, whose consumption volume of fuel oil kept ranking No.1 before 2006, but its fuel oil consumption volume decreased year by year since 2004, because of high price of fuel oil and the competition from coal and LNG.

Study coverage

It presents historical demand data as of 2006 and forecasts to 2007 by demand and output. The study also takes into consideration market factors, evaluates market share and profiles major players.

Main Content:

Part of Report: click here for sample pages

Executive Summary

(Note: The following summary is based on the situation in 2007 and maybe different to what it is nowadays. Please be noted.)

• Production

Chinese fuel oil production can't meet the demand of domestic market; about xxx% of fuel oil in domestic market has to be imported all the time.

In 2006, the output of Chinese fuel oil was xxxx kilotons. The CAGR (compound annual growth rate) of fuel oil production was xxx% from 1991 to 2006. This decrease is attributed to the increasing proportion of processing light crude oil and the improvement of deep processing of crude oil.

The major players of Chinese fuel oil are CNPC and Sinopec who have rich supply of crude oil, though the private enterprises are expanding their capacity. For example, the output of these 2 enterprises was xxxx kilotons, which accounted for xxx% of total output.

• Import

The import volume of fuel oil in 2006 is xxxx tonnes, while in 2005 it was xxxx tonnes. And the import volume in 2006 is xx% high than that in 2005. And net import volume in 2006 is xx% higher than that in 2005, which the net import ratio is up to xxx% in 2006.

Because of the short geological distance and convenience transportation, Korea , Singapore and Russia are China 's top fuel oil suppliers, whose supply volume accounted for around xx% of total China fuel oil import volume. In 2006, the import volume from Venezuela increased fast. And it replaced Singapore as one of the top three China fuel oil suppliers. Additionally, China import more volume of fuel oil from Middle East Asia and Southeast Asia . It is indicated that China is making effort to diversify its fuel oil supplying regions.

In 2006, the import of fuel oil changed a lot in different regions. Nationwide import share of South China region decreased significantly, while nationwide import share of East China region increased a lot.

• Consumption

China is the largest consumer of fuel oil in Asia , and fuel oil is mainly consumed in electricity industry, petrochemical industry, transportation, building materials and metallurgy and so on, and the others are consumed by small local domestic petroleum refineries for further processing to produce diesel etc.

In 2006 the apparent consumption was about xxxxkts with growth rate of xx% with the fast development of fuel oil demand from transportation and local petroleum refineries because of price decrease. In Guangdong Province , the government prescribed that high pollution fuel is forbidden to be used, and some end users had to use fuel oil again.

Transportation industry becomes the largest consumption field of fuel oil in China , with the consumption volume of about xxxkts in 2006 accounting for about xxx% of total fuel oil consumption in China . Electricity industry takes second place, and become the second largest field with the consumption volume of fuel oil of xxxkts amounting to xx% of total fuel oil consumption in 2006.

The consumption of fuel oil in developed countries kept decreasing in the past few years, and the decline is speeding up with more and more strict environmental standards are implemented. Both natural gas and coal can replace fuel oil as fuel, and the exploring of natural gas becomes the developing trend in the coming few years. Thus there is no doubt that the consumption volume of fuel oil in developed countries even in the world will keep decreasing in the coming few years.

......

(The rest content of this report is omitted.)

Character of CCM' Report:

Remark:

If you are not satisfied with the above main content, or if you would like to add additional requirements to the mentioned subject, or if you could not find your interested item(s) via the search engine, you are advised to go to Single-Client Services and Advisor, or Contact Us.