October 08, 2018 [TankTerminals.com] - Market Brief: Chinese Market Overview: New Regulation & Terminals’ Q3 Utilization Rates. Storage Opportunities: +155 across ARA, North, Central & South America, Caribbean, Far East, Middle East, South Europe/Med/Black Sea & North Europe.
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Overview: Chinese Market
As part of the drive to further improve the air quality, Chinese government announced new regulation banning the use of mixed Xylene (MX) as Octane booster for gasoline. The new rule will go into effect by 1 January 2019. However, some cities, like Beijing and its neighbouring cities banned use of MX blended gasoline by 1 August already. This will have significant impact on tank storage demand as MX was the main driver behind the growth for the last few years in China.
Chinese storage terminals closed 3rd quarter on a disappointing note. Utilization of crude tanks has been very bad, if one took out Strategic Petroleum Reserve (SPR) usage. Occupancy rate for commercial crude tanks has been below 20% throughout the year so far. Demand for petroleum products tanks is not faring better, due to continued declining in fuel oil demand. Booming business of gasoline blending with Mixed Xylene (MX) in the 1st half of the year disappeared in the 3rd quarter as tax authority closed the loophole of consumer tax evasion. Fortunately, chemical storage demand has relatively been stable throughout of the year, with on average 70% occupancy rate, except few terminals with high concentration of MX storage.
Going forwards, outlook for the remaining part of the year and beyond is not improving. A bright spot could be demand for Ethanol storage as replacement for MX as Chinese government is forbidding the use of MX as gasoline blending component starting 1 Jan 2019, instead promotes Ethanol as clean fuel.
| Tank Storage Availability Worldwide | ||||
| Capacity (m3) | Product | Location | Available from | Enquire for Storage |
|---|---|---|---|---|
| Belgium – The Netherlands | ||||
| 567,600 | Diesel / Gasoil | ARA | Now / Q1, 2019 | Click here |
| 386,400 | Light Ends | ARA | Now / Q1, 2019 | Click here |
| 5,900 | Chemicals | ARA | Now | Click here |
| 4,700 | Vegoils | Inland | Now | Click here |
| 55,000 | Dirty Petroleum Products | ARA | Q2, 2019 | Click here |
| North Europe | ||||
| 460,000 | Diesel / Gasoil | North Europe | Now | Click here |
| 18,000 | Diesel / Gasoil | North Germany | Q1, 2019 | Click here |
| 5,927 | Chems | Inland Germany | Now | Click here |
| 18,500 | Diesel / Gasoil | Inland Germany | Now | Click here |
| 13,000 | Various Products | West Coast UK | Now | Click here |
| 30,000 | Gasoline | West Coast UK | Now | Click here |
| 3,000 | Diesel / Gasoil | West Coast UK | Now | Click here |
| 28,000 | Various Products products | East Coast UK | Now | Click here |
| 4,000 | Vegoil / Chems | East Coast UK | Now | Click here |
| 15,000 | MGO / IFO | East Coast Scotland | Now | Click here |
| 100,000 | Light Ends FP<60 | Ireland | Now | Click here |
| 200,000 | Crude | Ireland | Now | Click here |
| 4,500 | Various | Denmark | Now | Click here |
| 10,000 | Vegoils / Chems | Denmark | Now | Click here |
| 380,000 | Diesel / Gasoil | Denmark | Now | Click here |
| 203,000 | Diesel / Gasoil | Sweden | Now | Click here |
| 22,079 | Dirty Petroleum Products | Sweden | Now | Click here |
| 12,500 | Vegoils | Sweden | Now | Click here |
| 15,000 | Jet | Sweden | Now | Click here |
| 20,000 | Diesel / Gasoil | Norway | Now | Click here |
| 391,000 | Diesel / Gasoil | Finland | Now | Click here |
| 4,000 | Chemicals | Finland | Now | Click here |
| 48,000 | Light Ends FP<60 | Lithuania | Now | Click here |
| 140,000 | Crude | Estonia | Now | Click here |
| 97,000 | Diesel / Gasoil | Estonia | Now | Click here |
| 73,000 | Light Ends FP<60 | Estonia | Now | Click here |
| 200,000 | Crude | Baltics | Now | Click here |
| 23,500 | Light Ends FP<60 | Latvia | Now | Click here |
| South Europe | Mediterranean | Black Sea | ||||
| 17,700 | Various Products Products | Portugal | Q3, 2018 | Click here |
| 400,000 | Crude | Spain | Now | Click here |
| 130,000 | Biodiesel | Spain | Now | Click here |
| 56,000 | Various | NW Spain | Now | Click here |
| 23,000 | Vegoils/ Chems | South Spain | Now | Click here |
| 25,000 | Dirty Petroleum Products | South Spain | Now | Click here |
| 317,000 | Light Ends FP<60 | East Spain | Now | Click here |
| 110,000 | Diesel / Gasoil | East Spain | Now | Click here |
| 70,000 | Diesel / Gasoil | East Spain | April, 2018 | Click here |
| 317,000 | Light Ends FP<60 | East Spain | Now | Click here |
| 80,000 | Diesel / Gasoil | East Spain | Now | Click here |
| 20,000 | Dirty Petroleum Products<60 | East Spain | Now | Click here |
| 25,000 | Dirty Petroleum Products | East Spain | Now | Click here |
| 5,000 | Chems | North France – Inland | Now | Click here |
| 2,000 | Chems | South France – inland | Now | Click here |
| 220,000 | Crude | France | Now | Click here |
| 40,000 | Diesel / Gasoil | NW France | Now | Click here |
| 19,600 | Vegoils / Chems | NW France | Now | Click here |
| 4,000 | Light Ends FP<60 | NW France | Q2, 2019 | Click here |
| 150,000 | Diesel / Gasoil | East Med | Now | Click here |
| 300,000 | Crude | East Med | Now | Click here |
| 10,000 | Chems / petroleum prods | Croatia | Now | Click here |
| 7,500 | Chemicals | NE Italy | Now | Click here |
| 15,000 | Diesel / Gasoil | NE Italy | Now | Click here |
| 12,000 | Light Ends FP >60 | NW Italy | Now | Click here |
| 30,000 | Various Products | NW Italy | Now | Click here |
| 8,000 | Chemicals | NW Italy | Now | Click here |
| 46,000 | Diesel / Gasoil | NW Italy | Now | Click here |
| 7,000 | Molasses | NW Italy | Now | Click here |
| 9,900 | Gasoline | Albania | Now | Click here |
| 30,000 | Light Ends FP<60 | Georgia | Now | Click here |
| 100,000 | Dirty Petroleum Products | Georgia | Now | Click here |
| 45,000 | Dirty Petroleum Products | Ukraine, Danube | Now | Click here |
| 30,000 | Light Ends FP<60 | Ukraine, Danube | Now | Click here |
| 12,000 | Dirty Petroleum Products | Ukraine, Danube | Now | Click here |
| 5,000 | Vegoils / Chems | Ukraine, Danube | Now | Click here |
| 120,000 | Light Ends FP<60 | SE Turkey | Now | Click here |
| 45,000 | Dirty Petroleum Products | SE Turkey | Now | Click here |
| 12,000 | Vegoils | Illichevsk | Now | Click here |
| 5,000 | Chems | SW Russia | Now | Click here |
| 20,000 | Methanol | SW Russia | Now | Click here |
| Africa | ||||
| 14,200 | Chems, excl. acids | Egypt | Now | Click here |
| 6,000 | Vegoils / Chems | Egypt | Now | Click here |
| 10,000 | Diesel / Gasoil | Egypt | Now | Click here |
| 2,000 | Chemicals | Kenya | Now | Click here |
| 20,000 | Chemicals | Tanzania | Now | Click here |
| 55,000 | Light Ends FP<60 | Ghana | Sept, 2017 | Click here |
| 10,000 | Gasoline | South Africa | Now | Click here |
| 10,000 | Diesel / Gasoil | South Africa | Now | Click here |
| 2,200,000 | Crude | South Africa | Now | Click here |
| Middle East | ||||
| 100,000 | Various Products | Gujarat, India | Now | Click here |
| 97,600 | Chems | Gujarat, India | Now | Click here |
| 15,000 | Bitumen | Gujarat, India | Now | Click here |
| 100,000 | Diesel / Gasoil | Gujarat, India | Now | Click here |
| 884,200 | Various Products | UAE | Sept, 2017 | Click here |
| 172,000 | Diesel / Gasoil | UAE | Now | Click here |
| 91,180 | Light Ends FP<60 | UAE | Now | Click here |
| 74,000 | Dirty Petroleum Products | UAE | Now | Click here |
| 35,795 | Chems | UAE | Now | Click here |
| Far East Asia | ||||
| 80,000 | Light Ends FP<60 | South China | Now | Click here |
| 150,000 | Dirty Petroleum Products | South China | Now | Click here |
| 200,000 | Dirty Petroleum Products | North China | Now | Click here |
| 30,000 | Chemicals | Shangdong | Now | Click here |
| 150,000 | Crude | Shangdong | Now | Click here |
| 8,000 | Chemicals | South China | Now | Click here |
| 12,5000 | Chemicals | North China | Now | Click here |
| 250,000 | Dirty Petroleum Products | Gr. Ningbo | Now | Click here |
| 200,000 | Light Ends FP<60 | Yangtze River / East China | Now | Click here |
| 300,000 | Crude | Greater Ningbo | Now | Click here |
| 15,200 | Chemicals | South Korea | Now | Click here |
| 72,500 | Light Ends FP<60 | South Korea | Now | Click here |
| 14,100 | Chemicals | South Korea | Now | Click here |
| 90,000 | Light Ends FP<60 | Malaysia | Now | Click here |
| 34,800 | Vegoils / Chems | Malaysia | Now | Click here |
| 46,000 | Light Ends FP<60 | Singapore | Now | Click here |
| 300,000 | Dirty Petroleum Products | Singapore | Now | Click here |
| 500,000 | Light Ends FP<60/td> | Gr. Singapore | Now | Click here |
| 270,000 | Diesel / Gasoil | Gr. Singapore | Now | Click here |
| 255,000 | Dirty Petroleum Products | Gr. Singapore | Now | Click here |
| North America | ||||
| 70,000 bbl | Biodiesel | California USA | Now | Click here |
| 456,000 bbl | Various Products | Ohio USA | Now | Click here |
| 60,000 bbl | Chems | Pennsylvania USA | Now | Click here |
| 35,000 bbl | Light Ends FP<60 | New York USA | Now | Click here |
| 1,520,000 bbl | Dirty Petroleum Products | New York USA | Now | Click here |
| 2,710,000 bbl | Crude | New York USA | Now | Click here |
| 50,000 bbl | Chems | New Jersey USA | Now | Click here |
| 250,000 bbl | Diesel / Gasoil | New Jersey USA | Now | Click here |
| 24,000 bbl | Vegoils / Chemicals | Maryland USA | Now | Click here |
| 450,000 bbl | Dirty Petroleum Products | Maryland USA | Now | Click here |
| 280,000 bbl | Dirty Petroleum Products | Virginia, USA | Now | Click here |
| 200,000 bbl | Diesel / Gasoil | Virginia, USA | Now | Click here |
| 120,000 bbl | Various Products | South Carolina, USA | Now | Click here |
| 30,000 bbl | Diesel / Gasoil | North Carolina USA | Now | Click here |
| 85,000 bbl | Light Ends FP<60 | North Carolina USA | Now | Click here |
| 500,000 | Crude | Oklahoma | Now | Click here |
| 570,000 bbl | Various Products | Georgia USA | Now | Click here |
| 289,000 bbl | Vegoils / Chemicals | Georgia USA | Now | Click here |
| 20,000 bbl | Vegoils / Chemicals | Florida USA | Now | Click here |
| 178,000 bbl | Chemicals | Louisiana USA | Now | Click here |
| 600,000 | Various Products | Louisiana USA | Q3, 2018 | Click here |
| 380,000 bbl | Various Products | Texas, USA | Now | Click here |
| 238,000 bbl | Dirty Petroleum Products | Texas, USA | Q1, 2018 | Click here |
| 660,000 bbl | Chemicals | Texas, USA | Now | Click here |
| Central & South America | ||||
| 350,000 bbl | Crude | Bahamas | Now | Click here |
| 190,000 bbl | Various Products | Puerto Rico | Now | Click here |
| 553,000 bbl | Light Ends FP<60 | Colombia (Caribbean) | Now | Click here |
| 7,500 bbl | Vegoils<60 | Colombia (Caribbean) | Now | Click here |
| 250,000 bbl | Dirty Petroleum Products | Panama (Atlantic) | Now | Click here |
| 9,000 | Dirty Petroleum Products | Argentina | Now | Click here |
| 10,000 | Vegoils / Chemicals | Argentina | Now | Click here |
