Suddenly! The Aromatics Plant Of Yangzi Petrochemical Company Exploded And Caught Fire! Ignite PTA?

At 16:37 on April 9, an explosion broke out in the aromatics plant of Yangzi Petrochemical Co., Ltd., according to the Nanjing fire department. Nanjing fire command center immediately launched the chemical fire disposal plan and mobilized fire rescue forces to the scene as soon as possible. At 17:14, the open fire was put out at the scene, with no casualties. The accident did not cause environmental pollution. The cause is under investigation.

According to price monitoring, as of April 9, the domestic PTA spot market price was 4398 yuan / ton. Since April, PTA price performance is relatively strong. At present, under the background of cost support, centralized maintenance is carried out in factories, the pace of market destocking is accelerated, and the operating rate of superimposed downstream devices is high, and the atmosphere of looking for more is strong. However, due to the limitation of terminal orders and the expected commissioning of PTA new devices, the market game intensified and the cautious sentiment intensified, which showed a slight decline in the past two days.

Analysts believe that the PTA production capacity of Yangzi Petrochemical is 650000 tons / year, which has a limited impact on the overall supply of the market. However, it is not ruled out that due to the speculation of the event, it is expected that PTA price will rise in the next week.

Sinopec Yangzi Petrochemical Co., Ltd. (hereinafter referred to as Yangzi Petrochemical Company) and Sinopec Asset Management Co., Ltd. Yangzi Petrochemical Branch (hereinafter referred to as asset company Yangzi branch) are collectively referred to as Yangzi Petrochemical Company, covering an area of 12.43 square kilometers. At present, the company has 58 sets of large petrochemical units, including 12.5 million tons / year oil refining, 800 thousand tons / year ethylene and 1.4 million tons / year aromatic hydrocarbon, which can produce more than 50 kinds of products in five categories, including synthetic resin, synthetic fiber raw material, basic organic chemical raw material, product oil, synthetic rubber, etc Ethylene oxide manufacturer.