According to customs data, the total import base oil in 2018 was 2 million 800 thousand and 900 tons, which was imported from 37 different countries. The top five importers were Korea, Singapore, Taiwan, Japan and Thailand. The following figure is the top ten importers in 2018. Xiaobian will give a brief analysis of the base oil supply situation of several importing countries.

Figure 12018 top ten countries and regions for imported base oil supply

First of all, South Korea is ranked first, and South Korea is Asia's largest base oil producer and China's largest importer. The main brands include GS, Hyundai, Shuanglong and SK four brands. Products are also based on two types of three base oils.Among them, GS, SK and Shuanglong have three kinds of oil supply.

Table 1 list of Korean base oil refineries

Followed by Singapore, the base oil plant in Singapore is mainly Mobil factory, with an annual capacity of 1 million 500 thousand tons. It is mainly produced by one class of oil and two kinds of oils, and it is also a constant product in Chinese market.

Top 22018 list of Singapore's base oil imports in table ten

Third, the Formosa Plastics Formosa Petrochemical Co has an annual capacity of 600 thousand tons of basic oil. Its main products are 150N and 500N. Because of its stable quality and output, more than half of the mainstream imported oil on the domestic market is currently inflow into the country annually. According to the data of long Zhong information, in 2018, the import volume of Formosa plastic base oil was about 290 thousand tons.

Figure 22018 ranked the top ten companies in Taiwan plastics foundation oil imports

Four, the total export volume of Japanese base oil is not large, mainly from Japan's initial light (400 thousand tons) and Japan's JX energy (750 thousand tons) two brands, the products include I class II, and the main products include 900SN.

Five, there are mainly 2 base oil factories in Thailand. They are the factories of PTT group, one is IRPC refinery, the other is Thai oil refinery, and the two refineries have a total capacity of about 650 thousand tons, mainly supplying 150BS and 500SN two products to the country, especially 150BS is one of the main sources of supply in the domestic market. Its quality and stability have been recognized by the market. According to long Zhong information data, in 2018, the import of Thailand's base oil was about 110 thousand tons, of which the top five were Sinopec International cause Shanghai limited, Northeast China Petroleum International Business Co., Ltd., CNOOC sales (Beijing) Limited by Share Ltd, lududa lube oil (Wuxi) Co., Ltd. and Jiangsu Overseas Group International Technology Engineering Co., Ltd.

Six, Qatar is mainly supplied by -Ras Laffansn refinery in Qatar, Shell, with product brands of 60N, 100N and 250N. At present, tariffs on Qatar are 6%. According to long Zhong information data, domestic import volume was 80 thousand tons in 2018.

Seven, the UAE is mainly supplied by the oil refinery of the Abu Dhabi National Petroleum Corporation (ADNOC), with an annual capacity of 500 thousand tons, which mainly supplies three grades of 4CST, 6CST and 8CST base oil. According to the data of dragon information, the domestic import volume in 2018 is about 80 thousand tons.

It is understood that the mainstream imports of basic oil products on the market are South Korea, Taiwan, Thailand and the United Arab Emirates. With the expansion of domestic refinery capacity and acceleration of product upgrading, the production of II base oil will increase rapidly in the future, which will undoubtedly bring some impact to the import market. In 2019, the digestion of base oil resources will become a major problem.

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