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Why China's teapot refiners are going cold


Why China's teapot refiners are going cold

Report summary

China's National Development and Reform Commission (NDRC) has announced that it will stop receiving applications for crude import quotas from teapot refiners from May 5th 2017. We forecast crude import quotas to remain at 2017 levels in future, however, the crude quota utilisation will increase over time as the current level is around 72%. With tightening policies and increasingly stringent fuel quality norms, we believe golden days are over for teapot refiners.

What's included?

This report includes 1 file(s)

  • Why China's teapot refiners are going cold PDF - 258.72 KB 3 Pages, 0 Tables, 3 Figures

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.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information.

Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

  • The last blow to teapot sector growth: no more teapot quota approvals
    • Crude quota, kb/d
  • How will crude quota affect teapot refiners?
  • The end of golden days?

In this report there are 3 tables or charts, including:

  • The last blow to teapot sector growth: no more teapot quota approvals
    • Why China's teapot refiners are going cold: Image 1
  • How will crude quota affect teapot refiners?
    • Teapot refiners total feed
    • Teapot refiners imported crude
  • The end of golden days?
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
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