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Explosion at Lotte Chemical Plant in Seosan, Chungnam, South Korea] #Korea Lotte Chemical Plant Explosion# In the early morning of the 4th local time, an explosion occurred at the Lotte Chemical Daesan Plant in Seosan, Chungnam, and nearby shops and residences suffered huge losses.
The accident caused 11 residents and The worker was injured and taken to a nearby hospital
.
At about 2:59 a.
m.
on the same day, a huge explosion occurred at the NCC Naphtha Cracking Center (NCC Naphtha Cracking Center) of Lotte Chemical's Daesan Plant in Nishiyama
.
According to the factory's instructions, the fire authorities judged that an explosion occurred in the compression production line during the Naza decomposition project.
This is a production line that thermally decomposes lead wires at an ultra-high temperature of over 1,200 degrees Celsius and can produce ethylene, propylene, and thermally decomposed gasoline
.
This morning, a news of an explosion at the Lotte Chemical Plant in South Korea touched the nerves of traders in the market.
It is understood that the accident was caused by a compressor failure.
Although some downstream chemicals are still in operation, most of them have been reduced since then.
Or parking plans, including PP, SM, EVA, etc.
According to the latest information of this website, the main reason is that the 1.
1 million tons/year ethylene cracker of Lotte Dashan has been shut down, involving 240,000 tons/year of pure benzene, and 580,000 tons/year of supporting benzene.
Annual styrene is also gradually shutting down
.
5 million tons, and it is basically 200,000-220,000 tons per month.
It is a big exporter of pure benzene.
If it is stopped for one month, South Korea needs to export 20,000 tons more per month.
There is a certain negative for the current pure benzene market
.
From the perspective of South Korea's pure benzene exporters, mainly China and the United States, the Asia-US arbitrage window and the internal and external arbitrage window are both open, and there is a suitable price difference in April and May to spread the negative of the accident
.
At present, due to the impact of the new crown virus, global demand is facing certain pressure, and the unexpected impact of the device on the market sentiment has weakened more than usual
.
