Collective shutdown!

Recently, the domestic titanium dioxide leader Jinpu Titanium Industry issued an announcement saying that the subsidiary Xuzhou Titanium Dioxide Chemical Co.

Industry insiders said that mainly due to the public health incident, the main large-scale manufacturers have more obvious spot orders, especially the southwest production base.

Out of stock is coming! Force majeure occurs frequently

In addition to Jinpu Titanium Industry, many leading petrochemical companies have declared force majeure, and it is impossible to predict when they will recover

BASF issued a notification letter stating that in view of the epidemic situation in Shanghai, the BASF Pudong base where the company's production base is located has been closed and controlled.

Not long ago, BASF declared force majeure for MDI in the US region

At the same time, BASF said that if the supply of natural gas to the Ludwigshafen site in Germany is reduced to less than half of the current demand, the operation of the world's largest integrated chemical production base will be completely stopped

LyondellBasell subsidiary Quantum Chemical (Equistar) has declared force majeure on some grades of PP resin at its Lake Charles, Louisiana plant, with equipment failures that will affect its PP extrusion capacity and limit its ability to produce certain grades of PP

Ineos Olefins & Polymers said in a letter to customers that it declared its polypropylene grade FM after a power outage at its Carson, Calif.

Exxon Mobil said in an official statement to clients that it plans to shut down some of its Singapore plant's capacity in April as unforeseen external market factors severely impact the company's business

Intensive shutdown and maintenance, the supply of 9 million tons of plastic raw materials has dropped sharply

In addition to the frequent occurrence of force majeure, the shutdown and maintenance of various raw materials in the domestic plastics market has been properly arranged recently, which is tantamount to adding fuel to the fire in the plastics market that has already been shut down

In terms of ABS, Tianjin Dagu’s 400,000-ton equipment load is 50-60%, LG Huizhou’s 300,000-ton equipment load is 50%, Lanzhou Petrochemical’s 50,000-ton equipment is parked, Zhangzhou Chimei’s 450,000-ton equipment, and Guangxi Keyuan’s 100,000-ton equipment 80% Load operation, the current parking capacity is about 50,000 tons

In terms of PP, companies such as Sino-Korea Petrochemical, Haiguolongyou, Qinghai Salt Lake, and Zhongjing Petrochemical are still undergoing routine maintenance.

In the PVC industry, Shandong Dongyue and Inner Mongolia Zhonggu are still parked.

In terms of PE, North Huajin and Shenyang Chemical continue to park, and Yangzi Petrochemical and Zhejiang Petrochemical will resume driving in early May.

In terms of PS, Shanghai Secco and Shandong Lanhua are currently operating at reduced loads.