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2018-2019 China LPG Market Annual Report

Annual Report Overview

Highlights

In 2018, China’s LPG market performed well. Meanwhile, China’s average LPG price went up, as the international crude oil prices obviously increased and the propane and butane CP rose to some extent. By the end of August, the national average LPG price increased by 17% Y-O-Y. Moreover, the annual low LPG prices had appeared in the market, and the demand for LPG was relatively strong in the off-season.

In terms of the related policies, as the governments devoted themselves to implementing the transition with traditional drivers being replaced by new ones, the progress of refining-chemical integration at independent refineries sped up. In 2018, the competition between state-owned refineries and independent refineries became severer. The newly added large-scale refining-chemical projects at private enterprises such as Dalian Hengli Petrochemical and Shenghong Petrochemical Group hit the state-owned refineries. Besides, benefiting from the crude oil import right and crude oil use right delegated by the government, some independent refineries improved their market competitiveness.

In terms of the supply-demand fundamentals, China’s LPG supply kept rising in 2018. However, as state-owned refineries competitively built alkylation units, the merchantable LPG volume obviously declined. Influenced by the popularization of natural gas, the market proportion of civil-use gas continued to drop, and the profits at civil-use gas filling stations underperformed accordingly. The components of civil-use gas were applied to LPG deep-processing industries, thus the alkane deep-processing industries gradually improved in 2018.

In 2019, it will be normal that the demand for LPG from the civil-use gas market will continue to decline. With economic development and technological innovation, market participants will pay close attention to dig the added value of LPG and extend the industrial chain. At present, the developments of olefin industries are relatively mature, and the detailed applications of alkanes need to be further enhanced. In 2019, with the domestic oil refining capacity increasing, is there still an increase in the domestic LPG supply? The upgrading of oil product quality is accelerating, and there will be business opportunities in China’s alkylated oil industry accordingly. How will the huge gap in olefin feedstock gas be compensated? Under the immature alkane industry, how will the domestic enterprises break through various bottlenecks? With the gradual developments of China’s import trade system and deep-processing industries, will China’s LPG import volume continue to climb? In the fiercely competitive market, the influencing factors of the domestic LPG market are more complex and changeable, and there will be great opportunities and challenges in the supply-demand pattern.

Based on SCI’s detailed and objective market monitoring data and study results, this report brings comprehensive industrial chain knowledge and information of China’s LPG industry and market, including the past and the future. 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.

Report value:

1 This report provides the latest and most comprehensive industrial data, and market participants can comprehend the current and future developments of China’s LPG market.

2 This report presents the capacity, output, operating rate and other related data of LPG deep-processing unit, and market participants will be clear about the profits of units via product values.

3 This reports analyzes the driving factors of price change from multiple angles and forecasts the future development.

4 This report analyzes the upstream and downstream demand and the future unit distribution, and market participants can comprehend the value distribution and variation trend of the industrial chain.

Contents

Part 1 China LPG Market Overview

Part 2 2018 China LPG Supply and Demand Balance Analysis

2.1 C4R2 Supply and Demand Balance

2.2 Propane Supply and Demand Balance

2.3 Butane Supply and Demand Balance

Part 3 2018 China LPG Supply Pattern Analysis

3.1 LPG Output Analysis

3.2 Merchantable LPG Volume Analysis

3.3 LPG Import Data Analysis

3.4 2019 China LPG Supply and Demand Forecast and Analysis

Part 4 2018 China LPG Demand Pattern Analysis

4.1 LPG Downstream Industry Capacity Analysis

4.1.1 MTBE Capacity Analysis

4.1.2 Alkylation Capacity Analysis

4.2 LPG Downstream Product Output Analysis

4.2.1 MTBE Output Analysis

4.2.2 Alkylated Oil Output Analysis

4.3 LPG Downstream Industry Operating Rate Analysis

4.3.1 Isomerization MTBE Unit Operating Rate Analysis

4.3.2 Dehydrogenation MTBE Unit Operating Rate Analysis

4.3.3 Alkylation Unit Operating Rate Analysis

4.4 LPG Export Data Analysis

4.5 2019 China LPG Demand Forecast and Analysis

Part 5 2018 LPG Price Trend Analysis

5.1 China LPG Price Analysis

5.1.1 2018 China LPG Price Review

5.1.2 2018 China LPG Price Feature Analysis

5.1.3 2018 China LPG Price Reason Analysis

5.1.4 2018 LPG Average Price Change in Southern China and Northern China

5.2 Imported LPG Price Trend Analysis

5.2.1 2018 Imported Propane Price Trend Analysis

5.2.2 2018 Imported Butane Price Trend Analysis

Part 6 2019 LPG Market Forecast and Analysis

6.1 LPG Price Driving Factor and Future Development Tendency Forecast

6.1.1 LPG Future Price Trend Forecast

6.1.2 Macro-Environment Interpretation and Influence

6.1.3 LPG Supply and Demand Balance Forecast

6.1.4 LPG Deep-Processing Industry Production Technology Development Tendency

6.1.5 Influence from Future Crude Oil Price Change on LPG

6.1.6 Alternative Product Competitiveness Analysis

6.1.6.1 LNG Competitiveness Analysis

6.1.6.2 DME Competitiveness Analysis

6.1.7 LPG Value Chain Analysis

6.1.7.1 Alkylation Unit Profit Analysis

6.1.7.2 Iso-Butane Dehydrogenation MTBE Unit Profit Analysis

6.1.7.3 PDH Unit Profit Analysis

6.2 2019 LPG Price Major Driving Factor Analysis

Part 7 LPG Related Product Market Review

7.1 DME Market Review

7.2 Butane and Propane Market Review

7.2.1 Propane Market Review

7.2.2 Butane Market Review       

7.3 Propylene Market Review

Appendix

I. LPG Hotspot

II. 2018 Chronicle of China’s LPG Industrial Events

III. Methodology and Related Definition

1. Data Statistical and Calculative Methodology

2. Forecasting Model Interpretation

3. Definition and Abbreviation

IV. Distributor List

V. Tables & Charts

VI. Related Products Annual Reports

2018-2019 China Alkylated Oil Market Annual Report

2018-2019 China MTBE Market Annual Report

2018-2019 China C4 Deep-Processing Industry Annual Report

2018-2019 China Propane and Butane Market Annual Report

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