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Recently released market study: China Petrochemicals Report Q3 2011

Fast Market Research recommends "China Petrochemicals Report Q3 2011" from Business Monitor International, now available

 
PRLog - Jun. 21, 2011 - Chinese petrochemicals output growth appeared to be moderating in H111 as tightening lending conditions led to a lower rates of domestic consumption growth, according to BMI's latest China Petrochemicals Report.

In 2010, ethylene output grew 32.2% y-o-y, to 14.19mn tonnes, primary plastics grew 18.3% y-o-y, to 43.61mn tonnes, and plastic products grew 21.1% y-o-y, to 58.31mn tonnes. The growth trend was consistently upwards throughout most of 2010, indicating that a recovery was being sustained despite the rapid rise in production in the Middle East and a large polymer inventory at the beginning of the year. However, there were signs of moderation from December 2010 with ethylene and primary plastics output failing to beat November highs but staying stable, while plastic products dropped. In the first four months of 2011, ethylene output was up 34.3% y-o-y, to 5.26mn tonnes, primary plastics output was up 8.9%, to 14.99mn tonnes, and plastic products output was down 0.4%, to 15.88mn tonnes. Meanwhile, China Petrochemicals Corporation (Sinopec) reported that chemicals prices increased, with its output of ethylene and synthetic resins rising 26% and 20% in the quarter. The moderation in output is related in part to the tightening lending conditions amid government efforts to combat inflation. This situation has primarily affected the construction and automotive sectors, which had made orders on the basis of assumptions of strong growth levels.

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Full Report Details at
- http://www.fastmr.com/prod/171463_china_petrochemicals_re...
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Capacity continues to grow as China maintains its position as the world's petrochemicals consumption growth driver. In March 2011, China's National Development and Reform Commission gave its final approved a previously announced US$9bn refinery and petrochemical JV between Sinopec and Kuwait Petroleum (KP)'s subsidiary Petrochemicals Industries Company (PIC). The news follows environmental and technical approvals of the project by the Chinese government last year. The complex, planned at Donghai Island near Zhanjiang, China will include a 300,000b/d refinery and a petrochemical complex based on a 1mn tpa ethylene plant. Completion is expected in 2013. KP will supply the crude oil to the venture. Sinopec will hold 50% of a JV, with PIC owning 30% and Dow Chemical confirmed as one of two additional overseas partners in the project. The remaining partner will replace Shell, which pulled out of the project in late 2009. Talks have been held with BP and Total as Shell's replacement. The Donghai Island complex is to consist of a 1mn tpa naphtha cracker and include downstream polyolefin and EG plants.

In the Asia Petrochemicals Business Environment Ratings, China's score is 79.0 points, down 0.1 points since the previous quarter due to a deterioration in country risk scores. It retains its second place in BMI's regional rating, 0.6 points behind Japan and 1.0 point ahead of South Korea. Although China's petrochemicals market ratings are the highest in Asia, it remains weighted down by a relatively poor financial and trade infrastructure and negative risks specific to the petrochemicals sector, namely reliance on imported feedstock and overcapacity in some segments.

Partial Table of Contents:

SWOT Analysis
- China Petrochemicals Industry SWOT
- China Political SWOT
- China Economic SWOT
- China Business Environment SWOT
Global Petrochemicals Overview
- Petrochemicals Market Overview
- Financial Results
- Global Oil Products Price Outlook
- Table: Oil Product Price Assumptions, Q410-Q411 (US$/bbl)
- Table: Oil Product Price Data And Forecasts, 2008-2015 (US$/bbl)
Emerging Asia Petrochemicals Overview
China Market Overview
- Table: China's Petrochemicals Sector - HDPE Capacity
- Table: China's Petrochemicals Sector - LDPE Capacity
- Table: China's Petrochemicals Sector - LLDPE Capacity
- Table: China's Petrochemicals Sector - PP Capacity
- Table: China's Petrochemicals Sector - Cracker Capacity
- Table: China's Petrochemicals Sector - PVC Capacity
- Table: China's Petrochemicals Sector PS Capacity
- Energy Inefficiencies And Bottlenecks
- Production
- Table: China's Supply And Demand Volumes Of Major Petrochemical Products
- Table: Cracker Capacity, 2006-2013 ('000tpa)
Industry Trends And Developments
- Table: China's Petrochemicals Sector - Ethylene Projects
- Table: China's Petrochemicals Sector - PE Projects
- Table: China's Petrochemicals Sector - PP Projects
- Table: China's Petrochemicals Sector - PS Projects
- Upstream
- Olefins
- Intermediates
- Integrated Projects
- Coal-Based Chemicals
- Other Projects
- Regulatory Developments
- Financial Results
Business Environment
- Petrochemicals Business Environment Ratings
- Table: Asia Pacific Petrochemicals Business Environment Ratings
- China's Foreign Investment Policy
- Foreign Trade Regime
Industry Forecast Scenario
- Table: China's Petrochemicals Sector, 2007-2015 ('000 tpa, unless otherwise stated)
- Macroeconomic Outlook
- Table: China - Economic Activity
Company Profiles
- China Petroleum & Chemical Corporation (Sinopec)
Glossary Of Terms
- Table: Glossary Of Petrochemicals Terms
BMI Methodology
- How We Generate Our Industry Forecasts
- Chemicals And Petrochemicals Industry
- Cross Checks
- Business Environment Ratings
- Table: Petrochemicals Business Environment Indicators And Rationale
- Weighting
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Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=1714...

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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