Major listed companies in the kerosene industry:
Sinopec (600028), PetroChina (601857), Donghua Energy (002221), Huajin (000059), Hengyi Petrochemical (000703), Rongsheng Petrochemical (002493), Shanghai Petrochemical (600688), Hualu Hengsheng (600426), Compton (603798), Tongkun (601233), Wanhua Chemical (600309), Satellite Petrochemical (002648), Hengli (600346 ), Sinochem International (600500), Hailide (002206)
The core data of this article:
Kerosene production, kerosene consumption, kerosene import and export
Affected by the epidemic, kerosene production and sales declined in 2020
From 2010 to 2019, China’s kerosene production increased year by year, reaching 52.726 million tons in 2019, a year-on-year increase of 10.6%; In 2020, affected by the new crown pneumonia epidemic, China’s kerosene production fell to 40.494 million tons, down 12.232 million tons year-on-year; In 2020, China’s average monthly output of kerosene was 3.375 million tons, down 1.019 million tons year-on-year.
Since 2010, the apparent consumption of kerosene market has been increasing year by year, among which the civil aviation transportation industry has provided strong support for the growth of jet fuel demand market. In 2020, affected by the epidemic, China’s apparent consumption declined, and the annual apparent consumption of kerosene in 2020 was 33.101 million tons.
PetroChina and Sinopec control more than 90% of the market
In 2020, China’s kerosene output was 40.494 million tons, of which Sinopec kerosene output was 20.38 million tons, accounting for 61.63%; China’s petroleum diesel output was 10.043 million tons, accounting for 30.37%. Together, they account for about 90% of the country’s diesel production share. PetroChina and Sinopec have formed absolute control over the domestic kerosene market.
In 2020, kerosene prices showed a “concave” trend
Looking back at the first half of 2020, domestic and international public health emergencies hit the kerosene market unprecedentedly, especially for airport oil, which accounts for 90% of kerosene use, the number of aircraft pilots has been greatly reduced, resulting in a sharp reduction in the amount of jet fuel supplied to China, and exports have also been hit hard, resulting in a continuous oversupply of jet fuel resources flowing to the market, and the price of jet fuel market has been volatile. In 2021, the market price of kerosene began to rise, and as of April 22, 2021, the domestic kerosene market price was 66,900 yuan / ton.
China is a net exporter of kerosene
At present, China’s kerosene imports show a fluctuating trend, while the total export volume as a whole shows an upward trend. According to data from the National Bureau of Statistics, due to the impact of the epidemic in 2020, China’s kerosene exports fell sharply, with 2.55 million tons imported and 9.98 million tons exported in 2020, a decrease of 43.32% over the previous year.
On the whole, kerosene as a fuel for vaporizing furnaces and kerosene furnaces, detergents for mechanical parts, solvents for rubber and pharmaceutical industries, etc., has a wide range of application scenarios in petrochemical, machinery manufacturing, metal processing and other aspects. In recent years, with the continuous development of China’s economy, the production demand of various industries has gradually increased, and the consumption of kerosene has also risen.
The above data refer to the Prospective Industry Research Institute’s
Analysis report on the development prospect of China’s petrochemical industry and investment strategic planning
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