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    Home > Coatings News > Paints and Coatings Market > An explosion at a German chemical plant has touched the hearts of the global chemical market

    An explosion at a German chemical plant has touched the hearts of the global chemical market

    • Last Update: 2021-01-08
    • Source: Internet
    • Author: User
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    China Paint Online News: This week
    big news in the chemical industry is the BASF bombing in Germany. On October 17th, at around 11:30 a.m. local time, an explosion occurred at BASF's headquarters in Ludwiggang, Germany.
    fire was quickly started because of the large amount of flammable liquid and high-pressure liquefied gas piled up at the site of the explosion. Three people have been confirmed dead, eight with serious injuries and 17 with minor injuries. The extent of air and soil pollution from the accident is not yet obvious.
    the day the explosion
    caused the explosion, BASF immediately shut down 14 facilities near the blast site, including two steam cracking devices. Steam cracking device (also known as ethylene cracking) is a leading chemical device, mainly the production of ethylene, propylene, butylene and tribenzene and other chemical intermediate products, for downstream devices to provide the most basic production raw materials, cracking device shutdown will lead to a series of downstream devices due to lack of raw materials and shutdown. It is understood that the plant has acrylic production capacity of 320,000 tons, accounting for 4.4% of the world; TDI capacity of 300,000 tons, accounting for 10% of the world; Epoxy propane production capacity of 125,000 tons, accounting for 1.2% of the world; Ethylene oxide production capacity of 345,000 tons, accounting for 1.1% of the world; Butylene has a capacity of 105,000 tons, accounting for 1.0% of the world's total. The explosion led to a large probability of shutdown, affected by the short-term tightening of the supply of related products, may be price fluctuations.
    impact of the explosion shutdown on the global chemicals market:
    acrylic
    BASF acrylic plant production capacity in Germany accounts for 1/4 of the total production capacity in Europe, acrylic production capacity accounts for 1/2 of the total production capacity in Europe. Europe's largest acrylic producer stopped to add a fire to the Chinese market, Asia's largest producer of acrylics. After the incident, as of the 18th, Yangzi BASF's offer price has increased by 400 yuan / ton, Zhejiang satellite acrylic offer price has also increased by 300-400 yuan / ton. The market spot supply is tight, pull up the atmosphere is strong, continue to rise has become a certain decision.
    butylene
    BASF butylene plant in Germany has a production capacity of 105,000 tons/year, accounting for only about 3.5% of the total production capacity in Europe, with limited or limited impact on the market as a whole. However, due to tight supply in Asia during the year, the need for European sources to supplement, due to the parking of this device, or further exacerbate the tension in Europe's available spot resources, some export sources of shipment time delayed. However, due to the domestic butylene market during the week bearish atmosphere, at present, BASF device parking on the domestic butylene market impact or limited, the market trend is still calm.
    styrene
    recently due to Asia, the United States styrene price differential narrowed, resulting in The European styrene has become one of China's main import supply channels in the fourth quarter. News of the accidental explosion of the BASF device boosted the delivery range, with local valuations closing nearly $70 a tonne higher the next day from their early October lows at $969 a tonne.
    , BASF plant parking on the domestic chemical market has a small direct impact, depending on the resumption of plant start-up.
    BASF plant explosion revelation
    BASF is one of the world's largest chemical companies, covering a wide range of business areas, its management norms, efficiency, science, the establishment of a safety evaluation system is learned by other large enterprises, but still inevitable explosions. It proves once again that the petrochemical industry is highly dangerous and high-risk. Therefore, chemical enterprises must improve the awareness of safe production, check all kinds of safety hazards, standardize the production and operation process, improve the implementation of the responsibility mechanism to avoid the occurrence of safety accidents.
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