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Monthly Report of China Petroleum & Natural Gas Industry, Apr 2007

Publication Date June 2007
Publisher Research in China
Product Type Report
Pages 18
ISBN Number not applicable
Product Code RIC00081
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Summary

Price of crude oil in April 2007 continued to recover. The average price of WTI, Minas and Brent in April was respectively USD64/bucket, USD67.3/bucket and USD67.5/bucket, up by 5.5%, 15.8% and 8.6% separately month on month.

Gross profit of refined oil in April saw an obvious decline. The price per ton of gasoline and diesel oil was respectively RMB745.73 and RMB847.61 lower than that of Minas, down by 20% and 18% respectively.

The gross profit for diesel oil wholesale has been dropping in recent months, and even as low as RMB273/ton in Apr, down by 57% over the highest price in Sep 2006, even though, gross profit for retail was still considerable, at RMB 362/ton. The gross profits for both wholesale and retail of gasoline were RMB459/ton, seeing a steady momentum.

The price of naphtha rose by 11.4% month on month, and price of ethylene and butadiene fell by 7.4%. Due to the rise of naphtha price, the price gap between key petrochemicals and naphtha got narrowed. The price differences between ethylene and naphtha, polypropylene and naphtha, and PVC and naphtha decreased by 41.2%, 14.6% and 20.8% respectively.

Selected Chats

  • International crude oil price trend
  • Gross profit of refined oil at home
  • Price difference of gasoline wholesale and retail domestically
  • Price difference of diesel oil wholesale and retail domestically
  • Trend of price difference between ethylene and naphtha
  • Daily rate and capacity utilization of making hole globally
  • LDPE-naphtha price difference trend both at home and abroad
  • LDPE-naphtha price difference trend
  • Polypropylene-naphtha price difference trend
  • SBR-naphtha price difference trend
  • PTA-PX price difference trend
  • Polyester chip-naphtha price difference trend
  • Polyester staple-polyester chip price difference trend
  • Polyester staple-PX/MEG price difference trend
  • Change of prices of petroleum products and petrochemicals and their price difference
  • Average price of international crude price and price difference
  • Apparent consumption of key petroleum products and petrochemicals
  • Daily rate of making hole
  • Capacity utilization of making hole

Content

  • 1 International crude oil price continued to recover in April
  • 2 Gross profit of refined oil in April rose
  • 3 Gross profits for diesel oil wholesale continued to drop
  • 4 Gross profit of petrochemical declined
  • 5 Outputs of natural oil and petrochemicals grew rapidly
  • 6 Analysis of oil field service
  • 7 Appendix: press release
Delivery Details

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