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China MarketScan Petroleum Weekly Report

  • April 2015
  • -
  • JYD Coal Industry Research Center
  • -
  • 8 pages

Market Overview

This week China oil product wholesale price boomed markedly amid the second consecutive increase of oil product retailing price and positive crude market. As crude cocktail on April 30th was 5.15%, government will lift distillate retailing price by CNY150-170/mt on May 11th. This week, fuel oil market was boosted amid CNY300/mt increase of oil product retailing price and bullish market of international crude.

According to JYD, the domestic oil product market will be positive as the international crude price will continue to go up. In addition, in some regions the tight supply of oil product will sustain due to the overhaul in the main refineries in May, which will also support the market activity.

Table Of Contents

China MarketScan Petroleum Weekly Report
Table of Contents

Crude and Oil Index 1

Fuel Oil Market 1-3

Distillates Market 4

News and Commentary 5

Shandong teapots run rate was steady at 43.31% 4
China gasoline imports ended up by 60.99% in March 2015 4
China diesel imports boosted by 33579% to 233,060 mt in March 2015 4
Coking margin in Shandong teapots went up to CNY50/mt 4
China fuel oil output jumped 25.14% in March 2015 5
The State Council: speeding up upgrading of oil products quality 5

Appendix 6-8

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