The explosion of industrial chain has become the fuse for the price rise of chemicals

wallpapers Industry 2020-12-09

from PX to PTA to ethylene glycol, the chemical fiber industry chain device explosion events have been one wave after another, which has become the "fuse" of the recent sharp rise in the prices of related chemicals.

according to the official information of Yangzi Petrochemical, on April 21, an explosion occurred in the t-430 refining tower of ethylene glycol unit in Nanjing Yangzi Petrochemical plant, injuring one person slightly. At the same time, the PTA device was also affected by the explosion, and the restart time was not determined. Yu Xiaohong, an analyst at an information institution of

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, said that at present, the total domestic ethylene glycol production capacity is 5.94 million tons, among which Yangzi Petrochemical Co., Ltd. accounts for about 4.4% of the total production capacity of the country.

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were affected by the explosion accident of Yangzi Petrochemical Co., Ltd. yesterday, the opening limit of ethylene glycol electronic disk was 4.00%, and the spot market opened 500 yuan / ton.

"recently, due to the lack of shipping and other factors, the supply of ethylene glycol is in a rising market. Now the explosion accident of Yangzi Petrochemical Co., Ltd. as a booster, makes the market more crazy." Yu Xiaohong.

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in addition to the ethylene glycol supply, the explosion also affected the raw material supply of PTA industry. It is expected that PTA price in the same chemical fiber industry chain will continue to rise. It is reported that the total production capacity of PTA in China is 44.49 million tons, while that of Yangzi Petrochemical is 1.35 million tons, accounting for about 3% of the total production capacity of China. Prior to that, the PX project of guletenglong aromatics in Zhangzhou, Fujian Province exploded on April 6, and the price of PTA spot market rebounded significantly, leading to the linkage of the whole polyester industry chain. The impact of

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on the later stage of the explosion accident of Yangzi Petrochemical Co., Ltd., Yu Xiaohong believes that at present, Yangzi ethylene glycol plant has been shut down for half a year, and PTA plant has also been shut down in order to eliminate potential safety hazards. Although there is no solid foundation for the soaring market due to the device explosion, the incident can enhance the expectation of short-term supply shortage, and the polyester industry is still expected to strengthen. The price of

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is also affected by the accident of the plant. On April 14, NVIDIA announced that its Texas unit was affected by "force majeure" and affected the company's PA66, hexamethylene diamine and adiponitrile units in the region. According to the Research Report of Changjiang Securities, as the world's largest PA66 manufacturer, the adiponitrile production capacity of Texas is 450000 tons / year. According to the calculation of 0.5 tons of adiponitrile consumed in the production of one ton of PA66 salt, the downstream supporting PA66 capacity of the device should exceed 800000 tons, accounting for 27% of the global capacity, and the adiponitrile production capacity accounts for 26% of the world's production capacity. The situation of

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is similar to that of explosion accident, and the maintenance of the device will also affect the supply of chemicals. According to the information data, Sinopec's unified marketing companies have raised the styrene price continuously recently due to the maintenance of many domestic and foreign units. On April 20, Sinopec East China sales company raised the ex factory price of styrene to 11050 yuan / ton, an increase of about 5.24%. This is the ninth time that the company raised the styrene price this month, with a cumulative increase of 2650 yuan / ton, or 31.55%. Sinopec also increased the sales of 100 tons of styrene to RMB 11, 100 tons / day.

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it is understood that at present, the maintenance of styrene plants at home and abroad continues. The shortage of supply in northwest Europe will extend to may, while the maintenance in Asia will also extend to May. Therefore, the situation of short-term shortage of goods and prices may continue, and the prices will remain firm.


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