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's included in the package?
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