In 2015, the biodiesel market was bleak and the recovery pressure was still relatively high.

Time flies, the passing of 2015 has passed, the domestic biodiesel market in 2015 is not satisfactory. After the domestic biodiesel market experienced a slow rise in the early stage, it entered the downward channel after the mid-term, making the overall performance of biodiesel in the whole year.

Market: The highest price of domestic biodiesel market appeared in April, but it did not last long and began to decline rapidly since May. At the beginning of the year, the domestic market was around the Spring Festival, and the equipment for adjusting diesel raw materials was mostly in a state of shutdown, which made the market supply relatively small. The manufacturers had no shipping pressure and the market price rose slightly. In the second half of the year, with the gradual increase in the operating rate of manufacturers, the market resources increased, and the situation of oversupply appeared. In addition, the international crude oil price plunged, suppressing the domestic oil market, and the domestically harmonized diesel market was overshadowed. Looking at the hollow state, the number of raw materials purchased into the market has been greatly reduced, while the shipment of biodiesel as a raw material for adjusting diesel has continued to be light, and the refinery shipment prices have been frequently lowered.

Installation: According to incomplete statistics, China's biodiesel production capacity in 2015 was approximately 4.15 million tons, an increase of 13.7%. The actual output was 1.18 million tons, an increase of 24.21%. In 2015, although China's biodiesel production capacity and output have all improved, the capacity utilization rate is still low. The reason is: First, most of China's enterprises use waste oil as raw materials. Due to the unstable source of raw materials, the operation of small profits or losses has caused most enterprises to be in a semi-discontinued or suspended state. A rough statistics, the average of national biodiesel devices in 2015 The operating rate is only 20%-25%. Secondly, since 2015, domestic biodiesel has not yet entered the field of refined oil sales. It can only be sold to the market in the form of adjusting diesel raw materials and chemical products. The demand is quite limited. Finally, facing The traditional blending of diesel raw materials, Changchai and Zhuchai, has fallen. The environmental advantages of biodiesel rely on the price war. Biodiesel manufacturers are more difficult to ship, and it is difficult to maintain downtime or reduce production.

Import resources: According to customs data, the total amount of biodiesel imported in 2015 with the tariff code 38260000 was 26,700 tons, down 96.75% year-on-year. The reason for the analysis is that since 2015, the domestic biodiesel market has continued to be weak, and the shipment of biodiesel manufacturers has been difficult, decompressing the storage warehouse, and the shipping price has been reduced to a low level. At this time, the price of imported resources is far higher than the domestic biodiesel price, and it is difficult for importers to arbitrage, and more or less the operation of imported resources.

Market Forecast: Entering 2016, the international crude oil price trend will be a steadily one year. The price fluctuation range and period will remain in a relatively narrow range. The external factors will not support the domestic biodiesel market. At the same time, the domestic economy will be in a period of adjustment and reform for a long time, the rate of increase will slow down, domestic diesel demand will be insufficient, and the overall supply of resources will continue. As a result, the domestic biodiesel market is weak or difficult to improve. In addition, the policy orientation is not clear and will restrict the development of the biodiesel market. Therefore, it is expected that in 2016, there will still be a lot of pressure on the domestic biodiesel market to pick up.

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