×

We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 

Insight

Why China's teapot refiners are going cold

Get this report

$900

You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

04 May 2017

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.

Table of contents

Tables and charts

This report includes 3 images and tables including:

  • Teapot refiners total feed
  • Teapot refiners imported crude
  • Why China's teapot refiners are going cold: Image 1

What's included

This report contains:

  • Document

    Why China's teapot refiners are going cold

    PDF 258.72 KB