ICIS C1 Energy provides premium and detailed coverage of the Chinese petroleum industry, providing readers with a comprehensive picture of key developments, market capacity along with supply and demand information. This means readers can track fluctuations and developments and gain a clear understanding of the factors driving prices. The China Petroleum Market Annual Report will assist you when making strategic business choices.
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We offer the following regional Petroleum analysis and news coverage to keep you informed of factors and developments affecting prices in the Petroleum marketplace.
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Petroleum: Market overview
Updated to mid-Jan 2014
Sinopec and PetroChina kept relatively high operating rates of 83-85% at subsidiary refineries. The gasoline output ratio was above 20% because of better margins than other products. Meanwhile, blended gasoline supply was ample, because Sinopec and PetroChina bought only a small amount of blended grades.
Gasoline consumption was at a relatively high level in the period. Gasoil demand declined in the China market during October-December 2013. The demand was stronger in both October and November but started falling in December, when the market remained basically balanced on the whole despite less supply from Sinopec refineries on crude pipeline blast in Qingdao. China’s gasoil demand growth is expected to be still not optimistic in 2014 and the exports may increase. In the first quarter of the year, which is usually the slack demand season because of the Lunar New Year holiday, gasoil supply may be in a glut.
News & analysis
Petroleum news & analysis
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.