2016: A record-breaking year in Chinese mixed aromatics

The Chinese mixed aromatics market has undergone a record-breaking year in 2016. ICIS estimates that China’s mixed aromatics full-year import volumes are likely to surge to 10.4m tonnes, a 79% increase from 2015.

The ICIS China Mixed Aromatics Annual Report covers a comprehensive review of the country’s domestic market, outlining the latest market developments and government policies that impact this industry, together with a supply and demand forecast of up to 2021.

To give you a glimpse of the report, here’s an abstract from the market commentary for your preview:


China’s revised fuel pricing scheme, which sets a domestic gasoline “floor price” implemented in the beginning of 2016, has also widened the spread between mixed aromatics import and blended gasoline prices.

China brought forward the implementation of GB-V national standard gasoline by a year, starting in January 2016 with 11 provinces in the eastern coastal region – the most active gasoline blending market. This has triggered higher demand for better quality blendstocks and imported mixed aromatics, especially from Europe.

However, the major volatility in crude oil prices in 2016 has also driven traders to prioritise the procurement of shorter shipment import cargoes to reduce risks, especially cargoes from southeast Asia, which are exempt from import tariffs based on the China-ASEAN free trade agreement.

From January to August 2016, China imported 3.5m tonnes of mixed aromatics from southeast Asia according to China customs, exceeding the full-year import volume from southeast Asia in 2015 by 487,000 tonnes. With China becoming a key player in the mixed aromatics landscape in Asia, how will global market players now stay competitive to keep up with China’s growing demand?

The ICIS China Mixed Aromatics Annual Report provides in-depth data and analysis on developments, supply and demand balances and government policies for China’s dynamic mixed aromatics market. Providing a well-rounded view with forecasting up to 2021, this report is an essential read for industry players as it addresses all of the following questions:

  • What are the policies affecting China’s mixed aromatics market?
  • How will the gasoline market influence mixed aromatics demand?
  • What is the cost of mixed aromatics compared with alternative blendstocks?
  • How have trade flows to China changed in 2016 and what is the outlook for 2017?
  • What is the scale of opportunities and risks for exporters to China?
Enquire about the full report here »

China Mixed Aromatics Annual Report

What's included in the package?

  • Comprehensive market overview of the domestic Chinese mixed aromatics market
  • Price trends and import margins – Mixed aromatics, crude and gasoline
  • Upstream, downstream and substitute industries of mixed aromatics
  • Government policies and hot issues affecting the domestic market
  • Supply and demand forecast up to 2021
  • Half-year update of the market performance against projections and supply and demand outlook
Enquire about the annual report »
About ICIS

ICIS ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.

With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS’s staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.  

ICIS is a division of Reed Business Information, part of RELX Group.


About Reed Business Information

RBIReed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global products and services hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day.RBI is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries.

www.reedbusiness.com


About RELX Group

RELXRELX Group plc is a world-leading provider of information solutions for professional customers across industries. The group employs about 28,000 people of whom half are in North America.

We help scientists make new discoveries, lawyers win cases, doctors save lives, and executives forge commercial relationships with their clients. We help insurance groups offer customers lower prices by assessing risk better, and save taxpayers and consumers money by enabling governments and financial groups to detect fraud.