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2017-2018 China Propane and Butane Market Annual Report

Annual Report Overview



China’s LPG (Liquefied petroleum gas) market bottomed out in 2017 from previous years of downturn. The LPG price continued the high level at the beginning of the year, making triumphant in the first battle. Then, the market fluctuated ups and downs, but the overall performance was over-expected, despite the crush in the lull season.

The crude oil output reduction benefited the downstream markets, and the propane and butane import prices were rising in most time, both giving strong support to China’s LPG market. From the supply and demand circumstances, the supply-side structural reforms, such as the de-capacity and de-stock reforms, had become the new normalization in the accelerating economic structure reform of the nation, and this brought great opportunities to China’s LPG market. In 2017, China’s LPG supply increased moderately. Although the conventional civil-use gas was deeply impacted by the emerging alternative energy, the LPG deep-processing industry still gained phenomenal development in various applications. The barycenter of China’s LPG industry was shifting from the civil-use field to the industrial-use field in succession.

In 2017, the environmental protection supervision and production safety control kept harsh, influencing both state-owned and independent refineries by low utilization, operating rate or even forced downtime. China’s LPG market ushered in a more environment-friendly and orderly competition circumstance, accordingly. Then, will the supervision and control continue in the coming year? Will the gasoline standard upgrade bring more opportunities to the feed gas C4 raffinate II development? Will the shrinking of the civil-use LPG market benefit the industrial-use LPG market? Will the LPG import volume continue to increase in line with the development and maturity of China’s import trading system? Will the state-owned refineries continue to lead China’s LPG market or the independent refineries to intervene the market more deeply?

This report brings comprehensive industrial chain knowledge and information of China’s LPG industry and market, including the past and the future, based on SCI’s detailed and objective market monitoring data and study research. From perspectives of the supply, demand, margin, outlook, etc., this report offers authentic market information and scientific decision-making foundation for strategic investors and company leaders.


Part 1 Methodology and Related Definition    

1.1 Methodology and Definition

1.1.1 Report Reliability and Statement       

1.1.2 Data Interpretation and Annotation

1.2 Definition and Abbreviation 

1.3 Forecast Model Explanation 

Part 2 China’s LPG Market Overview

Part 3 2017 China’s LPG Supply and Demand Balance Analysis      

3.1 C4R2 Supply and Demand Balance        

3.2 Propane Supply and Demand Balance

3.3 Butane Supply and Demand Balance   

Part 4 2017 China’s LPG Supply Pattern Analysis      

4.1 LPG Output Analysis       

4.2 Commodity LPG Volume Analysis

4.3 LPG Import Analysis        

4.4 2018-2022 China’s LPG Supply and Demand Forecast and Analysis 

Part 5 2017 China’s LPG Demand Pattern Analysis  

5.1 LPG Downstream Industry Capacity Analysis      

5.1.1 MTBE Capacity Analysis       

5.1.2 Alkylation Capacity Analysis        

5.2 LPG Downstream Products Output Analysis       

5.2.1 MTBE Output Analysis

5.2.2 Alkylated Oil Output Analysis     

5.3 LPG Downstream Industry Operating Rate Analysis  

5.3.1 Isomerization MTBE Units Operating Rates Analysis       

5.3.2 Dehydrogenation MTBE Units Operating Rates Analysis        

5.3.3 Alkylation Units Operating Rates Analysis        

5.4 LPG Export Volume Analysis 

5.5 2018 LPG Demand Analysis and Forecast    

Part 6 2017 LPG Price Trend Analysis 

6.1 China’s LPG Price Analysis      

6.1.1 2017 China’s LPG Price Review  

6.1.2 2017 China’s LPG Price Character Analysis        

6.1.3 2017 China’s LPG Price Trend Analysis       

6.1.4 2017 LPG Price Changes in Southern China and Northern China   

6.2 Imported LPG Price Trend Analysis       

6.2.1 2017 Imported Propane Price Trend Analysis  

6.2.2 2017 Imported Butane Price Trend Analysis     

Part 7 2018 LPG Price Forecast and Price Driving Factors Analysis

7.1 LPG Future Price Trend Forecast  

7.2 Macro-Economy and International Crude Price Forecast 

7.3 2018-2022 LPG Supply and Demand Balance Forecast       

7.4 LPG Deep-Processing Industry Production Technology Development Tendency  

7.5 Influence from Future Crude Oil Price Changes on LPG    

7.6 Alternative Products Competitiveness Analysis

7.6.1 LNG Competitiveness Analysis  

7.6.2 DME Competitiveness Analysis 

7.7 LPG Value Chain Analysis       

7.7.1 Alkylation Unit Profit Analysis    

7.7.2 Iso-Butane Dehydrogenation MTBE Unit Profit Analysis        

7.7.3 PDH Unit Profit Analysis      

Part 8 LPG Related Products Market Review   

8.1 DME Market Review      

8.2 Butane and Propane Market Review  

8.2.1 Propane Market Review    

8.2.2 Butane Market Review       

8.3 Propylene Market Review    


Contents of Tables & Charts

Table 1 China’s LPG Supply Volume Calculation Methodology        

Table 2 2013-2017 (Jan-Sep) C4R2 Supply and Demand Balance Analysis      

Table 3 2013-2017 (Jan-Sep) Propane Supply and Demand Balance       

Table 4 2013-2017 Butane Supply and Demand Balance  

Table 5 2013-2017 (Jan-Sep) China’s LPG Output by Region    

Table 6 2015-2017 (Jan-Sep) China’s C4R2 Monthly Output    

Table 7 2017 (Jan-Sep) China’s C4 Import Statistics  

Table 8 2017 (Jan-Sep) China’s C4R1 Import Statistics by Origin      

Table 9 2013-2017 (Jan-Sep) China’s C4R2 Import Statistics by Origin    

Table 10 2013-2017 (Jan-Sep) China’s Crude C4 Import Statistics by Origin   

Table 11 2013-2017 China’s LPG Import Data Statistics     

Table 12 2018-2022 China’s LPG Supply and Demand Balance Forecast

Table 13 2013-2017 China’s LPG Export Volume Analysis by HS Code     

Table 14 2018-2022 China’s LPG Supply and Demand Balance Forecast

Table 15 2017 (Jan-Oct) China’s Propylene Monthly Average Price Statistics by Region      


Chart 1 2013-2017 (Jan-Sep) China’s LPG Output

Chart 2 2013-2017 (Jan-Sep) China’s C4R2 Theoretical Output        

Chart 3 2017 (Jan-Sep) China’s C4R2 Monthly Theoretical Output 

Chart 4 2013-2017 (Jan-Sep) China’s Propane Output      

Chart 5 2017 China’s Propane Output Distribution by Region 

Chart 6 2013-2017 (Jan-Oct) China’s Butane Output Comparison  

Chart 7 2013-2017 (Jan-Oct) China’s Commodity LPG Volume Statistics

Chart 8 2014-2017 (Jan-Oct) China’s Commodity C4R1 Volume Statistics       

Chart 9 2017 (Jan-Oct) China’s Commodity C4R1 Volume Statistics        

Chart 10 2017 (Jan-Oct) China’s Commodity C4R2 Volume Statistics      

Chart 11 2014-2017 (Jan-Oct) China’s Commodity Butane Volume Statistics

Chart 12 2013-2017 (Jan-Sep) China’s Propane Import Volume Statistics      

Chart 13 2017 (Jan-Sep) China’s Propane Monthly Import Volume Statistics        

Chart 14 2013-2017 (Jan-Sep) China’s Butane Import Volume Statistics

Chart 15 2017 (Jan-Sep) China’s Butane Monthly Import Volume Statistics 

Chart 16 2013-2017 (Jan-Sep) China’s Other Olefins Import Volume Statistics     

Chart 17 2013-2017 (Jan-Oct) China’s MTBE Capacity Statistics

Chart 18 2013-2017 China’s Alkylation Capacity Statistics

Chart 19 2013-2017 China’s MTBE Output Statistics 

Chart 20 2013-2017 China’s Alkylated Oil Output Statistics      

Chart 21 2016-2017 (Jan-Oct) China’s Isomerization MTBE Units Operating Rates Statistics       

Chart 22 2016-2017 (Jan-Oct) China’s Dehydrogenation MTBE Units Operating Rates Statistics

Chart 23 2017 (Jan-Oct) Alkylation Units Operating Rates in China and Shandong Province       

Chart 24 2018 China’s LPG Demand Forecast    

Chart 25 2016-2017 (Jan-Oct) China’s LPG and CP Monthly Average Price Statistics    

Chart 26 2017 (Jan-Oct) China’s LPG Monthly Average Price Y-O-Y and M-O-M Changes  

Chart 27 2013-2017 (Jan-Nov) China’s LPG Output Statistics   

Chart 28 2013-2017 (Jan-Oct) LPG Average Price in Southern China and Northern China   

Chart 29 2017 (Jan-Sep) Propane Import Volume and CP Propane Statistics        

Chart 30 2017 (Jan-Sep) Butane Import Volume and CP Butane Statistics    

Chart 31 2013-2018 China’s LPG and International Crude Oil Annual Average Price     

Chart 32 2013-2017 (Jan-Sep) Global GDP Annual Growth Rate     

Chart 33 2018 International Crude Oil Price Forecast        

Chart 34 2013-2017 China’s LPG and DME Annual Average Price Trends Comparison 

Chart 35 2017 (Jan-Oct) Alkylation Unit Profit Situation  

Chart 36 2016-2017 (Jan-Oct) Iso-Butane Dehydrogenation MTBE Unit Profit Statistics     

Chart 37 2017 (Jan-Oct) PDH Unit Profit Situation    

Chart 38 2015-2017 (Jan-Oct) China’s DME Market Price Trend      

Chart 39 2013-2017 (Jan-Oct) China’s Propane Price Trend     

Chart 40 2017 (Jan-Oct) China’s Propane Price Trend       

Chart 41 2017 (Jan-Oct) China’s Propylene Monthly Average Price Trend by Region  

Legal Statement

Related Product Annual Reports:

2017-2018 China Refined Oil Market Annual Report

2017-2018 China Alkylated Oil Market Annual Report

2017-2018 China MTBE Market Annual Report

2017-2018 China C4 Deep-Processing Market Annual Report

2017-2018 China Propane and Butane Market Annual Report

Related Analysis

2017 Chronicle of China’s LPG Industrial Events

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