China Bitumen Market Annual Report

Understand the challenges facing the China bitumen market

Bitumen oversupply and capital tightness softened the market in early 2013. Increased output and imports saw domestic supply exceed demand, which was also affected by a reduced investment in road projects. Higher outputs from domestic refiners saw China’s bitumen consumption increase by 25% year on year to about 11.19m tonnes in the first half of 2013. Although demand also increased, it could not offset the excess domestic output.

China is the first country with a futures market for bitumen, and the market was buoyant in the first three quarters of 2013. But domestic prices started to fall and kept falling and speculative traders faced losses from winter stockpiling.

The bitumen futures market may become an important tool for cost management optimisation by physical market players. But it may be resisted if there is excessive speculation in the futures market.

The China Bitumen Market Annual Report will help put the situation into context. This latest ICIS report includes: market activity and supply-demand fundamentals, road projects and construction plans, bitumen import margins, and a comprehensive market outlook for 2014 – 2018. With its objective analysis and assessments, the report will prove invaluable to upstream and downstream market players, investors and research institutions.

CHINA BITUMEN REPORT
Report:: China Bitumen Market Report
Frequency: Annually
Coverage: China

China Bitument Report - 2013

Report coverage
How you will benefit

Comprehensive view of China’s bitumen market and futures market

The China Bitumen Market Annual Report gives you a complete overview of the China bitumen market in 2013, with insightful forecasts of anticipated developments up to 2018. The report is comprehensive, ranging from an analysis of the impact of the world’s only bitumen futures market on the physical market, to a thorough assessment of China’s current road construction plans.

The ICIS China Bitumen Market Annual Report covers:

  • A review of China’s bitumen market in 2013 including consumption, production, capacity, imports and exports
  • Bitumen market supply and demand outlook for 2014 – 2018
  • Price and margin analysis and trends including bitumen / fuel oil / crude comparison
  • Comprehensive data on import and production margins
  • Detailed bitumen futures information including contracts, prices and hedging risk
  • An overview of China’s investment in transportation and its logistics and infrastructure
  • Government policy impacting the bitumen market



China inland petrochemicals boom winners and losers

Image

The opportunity is enormous, but the key question confronting the global petrochemical industry is: Who will be the winners and the losers from China’s economic development?

China may import feedstock butane on robust demand in 2013-14

Image

A surge in butane demand from butane deep processing units in China may trigger imports of this feedstock in 2013-2014, as supply of domestic butane may fail to meet the robust demand and its quality is not as good as the foreign grade, ICIS C1 Energy forecasts.

China PDH boom to bolster propane imports

Image

A boom in investments in China for propane dehydrogenation (PDH) projects to produce propylene is expected to bolster the country’s imports of feedstock propane.