Highlights
In 2019, China’s LPG prices declined from 2018. Meanwhile, the international crude oil prices fluctuated downward, and the CP hovered at lows for months. Moreover, the LPG import volume rose. Accordingly, China’s LPG market prices did not satisfy the market expectation. Besides, China’s LPG market was driven by the supply-demand fundamentals, as the impacts from other factors weakened. Therefore, China’s LPG prices showed obvious seasonal characteristics and hovered at low levels.
In terms of the supply-demand fundamentals, there were some changes. Therein, China’s LPG supply grew steadily in 2019. On the one hand, With the refining-chemical integration projects at Dalian Hengli Petrochemical, PetroChina Guangdong Petrochemical, Zhejiang Petrochemical, etc. put into operation in succession, the competition pressure on China’s state-owned and independent refineries became severer, and the overall LPG output went up. On the other hand, there were many proposed and under-construction PDH projects in China, resulting in the increment in China’s LPG import volume. In terms of the downstream demand structure, and proportion of civil-use gas declined, but the descending speed slowed down. The improvement in the LPG demand was mainly concentrated in the deep-processing market. Moreover, supported by the refining-chemical integration, the overall industrial chain extended. Besides, with more captive-use LPG resources, the LPG resource allocation also changed. For example, the supply of olefin C4 became tighter, as the newly added alkylation units were put into operation in succession.
In 2020, how will China’s LPG output and import volume rise? With the alkylation units at state-owned refineries and matched units at independent refineries being put into operation, how will the independent deep-processing enterprises break through the bottlenecks? How will the huge gap in olefin C4 be compensated? Will the technology for alkane deep-processing greatly improve? Will China’s LPG downstream demand see new improvement? Given the various questions, this report will analyze the industry pattern changed and forecast the market development via detailed data analysis.
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 2015-2019 China LPG Supply-Demand Balance Analysis
2.1 C4R2 Supply-Demand Balance
2.2 Propane Supply-Demand Balance
2.3 Butane Supply-Demand Balance
Part 3 2019 China LPG Supply Pattern Analysis
3.1 LPG Output Analysis
3.2 LPG Commercial Volume Analysis
3.3 LPG Import Data Analysis
3.4 LPG Inventory Data Analysis
3.5 2020 LPG Supply Forecast and Analysis
Part 4 2019 China LPG Demand Pattern Analysis
4.1 LPG Downstream Demand Structure
4.2 LPG Downstream Industry Capacity Variation and Analysis
4.2.1 MTBE Capacity Analysis
4.2.2 Alkylation Capacity Analysis
4.3 LPG Downstream Product Output Variation and Analysis
4.3.1 MTBE Output Analysis
4.3.2 Alkylate Output Analysis
4.4 LPG Downstream Industry Operating Rate Analysis
4.4.1 Isomerization MTBE Unit Operating Rate Analysis
4.4.2 Dehydrogenation MTBE Unit Operating Rate Analysis
4.4.3 Alkylation Unit Operating Rate Analysis
4.5 LPG Export Data Analysis
4.6 2020 LPG Demand Forecast and Analysis
Part 5 2019 LPG Price Trend Analysis
5.1 China LPG Price Analysis
5.1.1 2019 China LPG Price Trend Review
5.1.2 2019 China LPG Price Feature Analysis
5.1.3 2019 China LPG Price Reason Analysis
5.1.4 2019 LPG Average Price Change in Southern China and Northern China
5.2 Imported LPG Price Trend Analysis
5.2.1 2019 Imported Propane Price Trend Analysis
5.2.2 2019 Imported Butane Price Trend Analysis
Part 7 LPG Related Product Market Review
6.1 DME Market Review
6.2 Propane and Butane Market Review
6.2.1 Propane Market Review
6.2.2 Butane Market Review
6.3 Propylene Market Review
Part 7 2020 LPG Market Forecast and Analysis
7.1 LPG Price Driver and Future Development Tendency Forecast
7.1.1 LPG Future Price Trend Forecast
7.1.2 Macro-Environment Interpretation and Influence
7.1.3 LPG Supply-Demand Balance Forecast
7.1.4 LPG Deep-Processing Industry Production Technology Development Tendency
7.1.5 Influence from Future Crude Oil Price Change on LPG
7.1.6 Alternative Product Competitiveness Analysis
7.1.6.1 LNG Competitiveness Analysis
7.1.6.2 DME Competitiveness Analysis
7.1.7 LPG Value Chain Analysis
7.1.7.1 Alkylation Unit Profit Analysis
7.1.7.2 Iso-Butane Dehydrogenation MTBE Unit Profit Analysis
7.1.7.3 PDH Unit Profit Analysis
7.2 Influence from Major Drivers on 2020 LPG Price Analysis
Appendix
I. LPG Hotspot
II. 2019 Chronicle of China’s LPG Industrial Events
III. Methodology and Related Definition
IV. Tables & Charts
V. Related Products Annual Reports
2019-2020 China Propane and Butane Market Annual Report
2019-2020 China Alkylate Market Annual Report
2019-2020 China MTBE Market Annual Report
2019-2020 China C4 Deep-Processing Industry Annual Report
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