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China reformate imports in the last few months hit record highs, driven by a surging arbitrage incentive. The perceived octane shortage due to specification change on the coast to China V gasoline is not echoed in the aromatics market which capacity remains underutilized. With huge uncertainty around consumption tax policy on imported reformate, the trade pattern is not considered structural.
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China reformate imports arbitrage or octane.pdf PDF - 951.74 KB
Description
This Refining and Oil Products Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.
For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an alternative point of view to help inform your decision making.
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Insight | Mar 2016
China reformate imports: arbitrage opportunity or octane shortage?
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