Ecprams Intelligence Co., Ltd.
Kahler Liu
Mob/whatsapp: +86 186 0638 2728
Shandong Teapot Refined Oil Price Trend
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Keyword
Shandong teapot refineries turnaround schedule
Shandong teapot refineries operation rate
Shandong teapot refineries output and selling volume statistics
Shandong teapot refineries inventory dynamics
Shandong teapot refineries integral profit analysis
Shandong teapot refineries' refine doil sales and transport
Shandong teapot refineries' imported crude oil volume
Shandong teapot refineries' pipeline network
Shandong teapot refineries' refining unit dynamics
Shandong Teapot Refined Oil Price Trend
In September, Shandong teapots’diesel price gained 250RMB/mt,and petroleum gained 150RMB/mt in average, reflecting climbing crude oil and recovering demand.
Shangdong Teapot Refined Oil Price Average Monthly Sept. 2017
RMB/mt
Product
|
92#
|
95#
|
0# common diesel
|
V.0#
|
August Avg.
|
5707
|
5898
|
5066
|
5176
|
Sept. Avg.
|
5863
|
6040
|
5333
|
5447
|
Variation
|
↑156
|
↑142
|
↑267
|
↑271
|
Teapots’petroleum social selling level up 5~10 percentage points in September.
Teapots’ CDU （Crude Distillate Unit）utilisation rate increased 3 percentage points.
Shandong Teapot Refineries Turnaround Plan Update Sept.2017
Shandong Teapot Refineries Turnaround Plan Update Sept.2017
| |||||
REGION
|
Refinery
|
Unit
|
Capacity (‘0000mt/a)
|
Shutdown Time
|
Restart Time
|
Dongying
|
Haike
|
CDU
|
220
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dongying
|
Kelida
|
CDU
|
440
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dongying
|
Hengrunde
|
Entire plant
|
200
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Heze
|
Dongming
|
CDU
|
300
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dezhou
|
Hengyuan
|
Catalystic,petroleum hydrogenation
|
——
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dezhou
|
Hengyuan
|
CDU
|
350
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dongying
|
Qicheng
|
Entire plant
|
300
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Rizhao
|
Haiyou
|
CDU
|
350
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dongying
|
Dongchen
|
Entire plant
|
100
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Weifang
|
Luqing
|
By turn
|
500
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Jinan
|
Lanxing
|
Entire plant
|
30
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Weifang
|
Lianmeng
|
By turn
|
200
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dongying
|
Wantong
|
Entire plant
|
610
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dongying
|
Shenchi
|
Entire plant
|
260
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dongying
|
Hengrunde
|
Entire plant
|
200
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dongying
|
Honghai
|
Entire plant
|
180
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Linyi
|
Qingqishan
|
CDU
|
300
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dongying
|
Fuyu
|
Entire plant
|
220
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Binzhou
|
Yongxin
|
Entire plant
|
410
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dongying
|
Shangneng
|
CDU
|
150
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dongying
|
Shengxing
|
CDU
|
220
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dongying
|
Hualong
|
By turn
|
300
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dongying
|
Kenli
|
Entire plant
|
400
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dongying
|
Guangyue
|
Entire plant
|
150
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Shandong Teapot CDU (crude distillate unit) Operation Rate Trend
According to Ecprams.net report, by the date 29th September 2017, Shandong Teapots’ CDU (crude distillate unit) operation rate was 61.06%, up 2.98 percentage points than August.
Shandong Teapot Refineries Operation Rate Dynamics Update by September 2017
| |||||
Region
|
Refinery
|
Crude processing capability (‘0000mt/a)
|
Run rate
|
Theoretic Feedstock Volume (mt/month)
|
Actual Feedstock Volume（mt/month）
|
Dongying
|
Lijin
|
550
|
50.77%
|
483333.33
|
290000
|
Kenli
|
400
|
55.01%
|
351515.15
|
145000
| |
Huaxing
|
650
|
96.00%
|
571212.12
|
464000
| |
Hualian
|
560
|
64.82%
|
509090.91
|
319000
| |
Shenchi
|
260
|
69.81%
|
236363.64
|
159500
| |
Haike Chemicals
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Haike Ruilin
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Zhenghe
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Hualong
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Lianhe
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Shengxing
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Wantong
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Qicheng
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Yatong
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Dongchen
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Qirun
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Wanda
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Hengrunde
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Kelida
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Heze
|
Dongming
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Yvhuang
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Zibo
|
Huifeng
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Jincheng
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Xintai
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Qingyuan
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Bingzhou
|
Yongxin
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Jingbo
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Zhonghai Refine
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Binyang Ranhua
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Weifang
|
Shouguang Lianmeng
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Luqing
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Changyi
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Hongrun
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Qingdao
|
Anbang
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Dezhou
|
Hengyuan
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Rizhao
|
Haiyou
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
Luanqiao
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
|
LOGIN NEEDED
| |
Shandong Teapot Refineries’ Output Statistics 2017
By end September, totally 6 Shandong teapot refineries in turnaround. The total output of petroleum in September is 2.295 million mt, up 6.25% m-o-m; diesel 4.152 million mt, up 7.04% m-o-m.
Shandong Teapot Refineries Refined Oil Selling Volume and Output/selling Ratio
’0000mt
The social selling volume of Shandong teapot refineries in September is 1.696 million mt, up 15.3% m-o-m; diesel 3.035 million mt, up 13.2% m-o-m.
Shandong Teapot Refineries Inventory Update
‘0000mt
By the date 29th September 2017, the total inventory volume of Shandong teapot refineries petroleum and diesel product is 701,000mt, including petroleum 283,000mt,down 22.67% m-o-m, diesel 418,000mt, down 17.39% m-o-m.
Shandong Teapot Gross Refining Profit
RMB
The refineries’extraction rate to light oil lift from 60% to 70%.
Shandong Teapots Refineries mostly use imported crude oil and ocean oil for processing, with lower cost than Shengli crude oil.Taking imported fuel oil as example, the integrated oil refining profit in September is 439.25RMB, up 22.18% month on month; while January to September 2017, the integrated oil refining oil averaged 330RMB/mt.
Shandong Teaports Refineries ‘refined oil selling area and transport method
Shandong Teapot refineries’selling range weigh on Shandong, Shanxi, Hebei, Henan, Anhui, and Jiangsu.For long distance to East China market such as South Jiangsu, Zhejiang,Shanghai, and South China market, use water way to channel the selling, while for Southwest China, much effected by seasonal variation due to long distance and inconsistency of oil price change between two places.
Shandong Teapots Refineries Selling Area and Transport Channel
The main channel transport method as below:
Vehicle transport
Oil vessel transport
Railway transport
Pipeline transport
Some teapot refineries build railway special line, combining with multiple channel, to realize optimal cost for transportation.
Shandong Teapot Sales Arbitrage August 2017
Petroleum (RMB/mt)
Region
|
Transport channel
|
Freight
|
State-owned 92#
|
Teapot 92#
|
Petroleum Theoretical Arbitrage Spread Price
|
Jilin
|
Vehicle
|
680
|
7061
|
5750
|
631
|
Heilongjiang
|
Vehicle
|
550
|
6937
|
5750
|
637
|
Beijing
|
Vehicle
|
160
|
6199
|
5750
|
289
|
Tianjin
|
Vehicle
|
120
|
6252
|
5750
|
382
|
Hebei
|
Vehicle
|
150
|
6345
|
5750
|
445
|
Henan
|
Vehicle
|
250
|
6192
|
5750
|
192
|
Shanxi
|
Vehicle
|
280
|
6554
|
5750
|
524
|
Shaanxi
|
Vehicle
|
400
|
6275
|
5750
|
125
|
Anhui
|
Vehicle
|
280
|
6165
|
5750
|
135
|
Jiangxi
|
Vehicle
|
500
|
6443
|
5750
|
193
|
Hubei
|
Vehicle
|
400
|
6188
|
5750
|
38
|
Hunan
|
Vehicle
|
500
|
6314
|
5750
|
64
|
Sichuan
|
Vehicle
|
620
|
6595
|
5750
|
225
|
Chongqing
|
Vehicle
|
620
|
6852
|
5750
|
482
|
Yunnan
|
Vehicle
|
720
|
6859
|
5750
|
389
|
Guangdong
|
Ship
|
200
|
6218
|
5750
|
268
|
Fujiang
|
Ship
|
200
|
6185
|
5750
|
235
|
Jiangsu
|
Ship
|
180
|
6028
|
5750
|
98
|
Shanghai
|
Ship
|
180
|
6979
|
5750
|
1049
|
Zhejiang
|
Ship
|
200
|
6027
|
5750
|
77
|
Diesel (RMB/mt)
Region
|
Transport channel
|
Freight
|
State-owned 0#
|
Teapot 0#
|
Diesel Theoretical Arbitrage Spread Price
|
Jilin
|
Vehicle
|
680
|
5775
|
5300
|
-205
|
Heilongjiang
|
Vehicle
|
550
|
5576
|
5300
|
-274
|
Beijing
|
Vehicle
|
160
|
5655
|
5300
|
195
|
Tianjin
|
Vehicle
|
120
|
5670
|
5300
|
250
|
Hebei
|
Vehicle
|
150
|
5701
|
5300
|
251
|
Henan
|
Vehicle
|
250
|
5667
|
5300
|
117
|
Shanxi
|
Vehicle
|
280
|
5842
|
5300
|
262
|
Shaanxi
|
Vehicle
|
400
|
5560
|
5300
|
-140
|
Anhui
|
Vehicle
|
280
|
5636
|
5300
|
56
|
Jiangxi
|
Vehicle
|
500
|
5739
|
5300
|
-61
|
Hubei
|
Vehicle
|
400
|
5670
|
5300
|
-30
|
Hunan
|
Vehicle
|
500
|
5836
|
5300
|
36
|
Sichuan
|
Vehicle
|
620
|
6065
|
5300
|
145
|
Chongqing
|
Vehicle
|
620
|
5892
|
5300
|
-28
|
Yunnan
|
Vehicle
|
720
|
5973
|
5300
|
-47
|
Guangdong
|
Ship
|
200
|
5870
|
5300
|
370
|
Fujiang
|
Ship
|
200
|
5770
|
5300
|
270
|
Jiangsu
|
Ship
|
180
|
5640
|
5300
|
160
|
Shanghai
|
Ship
|
180
|
5521
|
5300
|
41
|
Zhejiang
|
Ship
|
200
|
5688
|
5300
|
188
|
The imported volume of crude oil by Shandong Teapot Refineries
‘0000mt
