IMO 2020: China’s refiners start LSFO trial production

China’s two oil giants, Sinopec and PetroChina, have been researching and trial producing How-will-the-new-LSFO-production-affect-China-oil-and-refinery-marketsLow Sulphur Fuel Oil (LSFO) since the second half of 2018, in preparation for the upcoming International Maritime Organisation (IMO) 2020 regulation.

What does this mean for the supply glut in the domestic gasoline and gasoil markets? How will this affect production costs and prices of oil globally?

Download the free market insight to find out more.

Key questions answered in this insight include:

  • Who will be the potential market leader in the production of IMO compliant LSFO?
  • How will increased production of LSFO influence production yields of gasoline, gasoil and petroleum coke?
  • How mass production of LSFO will affect pricing and export policies, and production costs?
Government Agency / MinistryIndustry AssociationRegulatorStatutory BoardOther
AcidsAlcoholsAromaticsBase Oil / Lubes / Motor OilButadiene / C4 / ElastomersFertilizers / Agri ProductsFibre ChainIntermediatesOlefinsOleochemicalsPhenolics, Chlor-alkaliPolymers / Polyolefins / ThermoplasticsSolventsSurfactantsNaphthaPolyurethane chainSpecialty ChemicalsOther
Carbon EmmissionsCrude OilLNG / Natural GasRefinery By-Products / Petroleum / LPGNaphthaCoal / HydrocarbonGasoline / Jet Kerosene / Fuel OilsPower or ElectricityAcidsAlcoholsAromaticsBase Oil / Lubes / Motor OilButadiene / C4 / ElastomersFertilizers / Agri ProductsFibre ChainIntermediatesOlefinsOleochemicalsPhenolics, Chlor-alkaliPolymers / Polyolefins / ThermoplasticsSolventsSurfactantsPolyurethane chainSpecialty Chemicals
Carbon EmmissionsCrude OilLNG / Natural GasRefinery By-Products / Petroleum / LPGNaphthaCoal / HydrocarbonGasoline / Jet Kerosene / Fuel OilsPower or ElectricityOther
Asset ManagementBrokerageCommodity TradingExchange / Trading PlatformFinancing / LoansInvestments / AcquisitionsInsuranceOther
ChemicalsFertilizers / Agri ProductsCrude OilRefinery By-Products / Petroleum / LPGCoal / HydrocarbonLNG / Natural GasGasoline / Jet Kerosene / Fuel OilsNaphthaGeneral Shipping / Ship BrokingOther Consumer Products and ServicesOther Industrial or B2B Services
Polymer compounders / MasterbatchesAuto Parts / Automobile / TransportFoams / Insulation MaterialsElectronicsFood and BeverageFurniture / Appliances / Home FinishingsMedical / PharmaceuticalPaints / Adhesives / Dyes / Pigments / Epoxy ResinPersonal Care / Soap / Cleaning ProductsPackaging Materials / Plastics OEMPipes / Tubes / Gaskets / Sealants / CablesPulp / PaperRubber Products / TyresTextiles / Yarns / Garments / FabricsOther Consumer Products and ServicesOther Industrial or B2B Services
Crude OilLNG / Natural GasOil Refinery / Refinery Gases / PetroleumNaphthaCoal / HydrocarbonGasoline / Jet Kerosene / Fuel OilsPower or Electricity ProviderMining / Metals / MineralsRenewable Energy / BiofuelsOther
AcidsAlcoholsAromaticsBase Oil / Lubes / Motor OilButadiene / C4 / ElastomersFertilizers / Agri ProductsFibre ChainIntermediatesOlefinsOleochemicalsPhenolics, Chlor-alkaliPolymers / Polyolefins / ThermoplasticsSolventsSurfactantsUpstream FeedstockPolyurethane chainSpecialty ChemicalsOther
Crude OilLNG / Natural GasOil Refinery / Refinery Gases / PetroleumNaphthaCoal / HydrocarbonGasoline / Jet Kerosene / Fuel OilsMining / Metals / MineralsAcidsAlcoholsAromaticsBase Oil / Lubes / Motor OilButadiene / C4 / ElastomersFertilizers / Agri ProductsFibre Chain IntermediatesOlefinsOleochemicalsPhenolics, Chlor-alkaliPolymers / Polyolefins / ThermoplasticsSurfactantsSolventsOther
Oil Refinery / Refinery Gases / PetroleumNaphthaAcidsAlcoholsAromaticsBase Oil / Lubes / Motor OilButadiene / C4 / ElastomersFertilizers / Agri ProductsFibre ChainIntermediatesOlefinsOleochemicalsPhenolics, Chlor-alkaliPolymers / Polyolefins / ThermoplasticsSurfactantsSolventsOther
Business SchoolUniversityOther
ConsultingEngineering / ContractorResearch / Information ServiceLaboratory / R&D FacilitySoftware / Technology ServiceOther Consumer Products and ServicesOther Industrial or B2B Services

Within which regions does your company operate? (required)

Africa Asia Central America Eastern Europe European Union Middle East North Amercia Oceania South America The Caribbean

Would you like to receive regular updates about these commodity markets? (mandatory)

NoneChemicalsEnergyFertilizers

What are your primary information needs? (required)

To make more informed buying and selling decisions
To settle contract prices and confidence
To understand price drivers and fluctuations
To develop internal price formulas
To understand where the market is heading over the next 12 months
To plan production and commercial strategies
To gain clarity on the impact of volatile feedstocks
To review short- and mid-term cost and margin trends
To obtain simple and prompt signals on the direction of producer cash margins
To negotiate with suppliers
Other

Are you interested in hearing about specialist training courses, provided by ICIS? (required)

YesNo

Would you like to talk to our training support team?

YesNo

Are you interested in hearing about upcoming conferences, managed by ICIS? (required)

YesNo

We want to keep you up-to-date with what’s happening at ICIS* and tell you about our latest products and other services. We may email you about information we think you’ll be interested in, including selected articles and reminders about forthcoming events. If you do not wish to receive such information please tick the box to opt out of these emails

*ICIS is a tradename of Reed Business Information Limited. By registering your details, you understand that your personal data will be handled according to our Privacy Policy

Thank you!

PLEASE SEE YOUR CONTENT BELOW:

Download now

Navigate the changing oil and refinery markets armed with the China Oil & Refinery Market Intelligence Solution

With the emergence of LSFO production in domestic oil and refinery markets, stay on top of prices, supply and demand data, inventory, and production schedules and margins that are all available as a one-stop offering – China Oil & Refinery Market Intelligence Solution.

China-Oil-Petroleum-Market-reportsChina Oil/ Petroleum Market reports
We provide daily and weekly reports providing the latest domestic and import spot price assessments, plus key market information such as policy changes, turnaround schedules and shipping fixtures for China’s oil and petroleum markets.
Find out more here

China-Oil-Petroleum-Market-reportsChina Independent Refinery Report
Keep up with China’s fast-moving refinery sector with the latest crude imports and quotas for independent refineries as well as the inventory, operating rates and refinery turnarounds.
Find out more here

China Independent Refinery ReportChina Refinery Operations Data Report
Available as a data Excel file, this monthly report gives you access to refinery turnaround schedules covering major state-run refineries, throughput loss and updates on throughput plans in China and production data.
Find out more here

China-Refinery-Operating-AnalysisChina Refinery Operating Analysis
Accessible as a Tableau-enabled file, this monthly analysis supports you with insightful data visualization of refinery capacity expansions and secondary unit projects in China as well as the run rates, turnaround schedules and refining margins of major refineries in the country.
Find out more here

Download document here

RELATED DOWNLOADABLE CONTENT