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    Home > Chemicals Industry > Rubber Plastic News > How does Lotte Chemical's ethylene incident affect the styrene industry?

    How does Lotte Chemical's ethylene incident affect the styrene industry?

    • Last Update: 2022-08-22
    • Source: Internet
    • Author: User
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    At about 2:59 a.
    m.
    on March 4, a huge explosion occurred at the NCC Naphtha Cracking Center (NCC·Naphtha Cracking Center) of Lotte Chemical's Dashan Plant in
    Xishan .
    It is reported that Lotte Chemical's ethylene cracking project in Dashan involves production capacity: ethylene production capacity of 1.
    1 million tons, propylene production capacity of 550,000 tons/year, butadiene 190,000 tons/year, styrene 577,000 tons/year, ethylene glycol 730,000 tons/year /year
    .



    At about 2:59 a.


    It is currently speculated that the cause of the accident was an explosion in the compression line during the production of ethylene, but the specific circumstances are yet to be investigated
    .


    After the accident, Leshan closed 7 of its 10 facilities in Daesan-eup.


    Lotte Chemical's product line includes synthetic resins, chemical synthesis products, megatrend products, etc.


    As soon as this accident happened, market participants paid attention to its follow-up influence.


    Statistics of China's styrene imports by trading partners in 2019

    2019 2019 China's styrene import volume by trading partner statistics chart China's styrene import volume by trading partner statistics chart

    Data source: Zhongyu Information

    Data source: Zhongyu Information

    For styrene, if the upstream unit is shut down for a long time, the production start-up will also be affected


    .


    For styrene, if the upstream unit is shut down for a long time, the production start-up will also be affected
    .


    China's domestic market has been sluggish in recent stages.


    Data source: Zhongyu Information China's styrene import dependence change rate chart

    Data source: Zhongyu Information China Styrene Import Dependency Rate Chart Data Source: Zhongyu Information China Styrene Import Dependency Change Rate ChartData Source: Zhongyu Information





    In addition, China's styrene import dependence has been decreasing year by year.
    Due to the sharp increase in the profits of styrene enterprises in recent years, the domestic opportunities have greatly increased, and the profit and operating rate have increased.
    With the increase in domestic supply, the import dependence has shown a downward trend


    .


    In addition, China's styrene import dependence has been decreasing year by year.
    Due to the sharp increase in the profits of styrene enterprises in recent years, the domestic opportunities have greatly increased, and the profit and operating rate have increased.
    With the increase in domestic supply, the import dependence has shown a downward trend

    .
    According to Zhongyu Information data, the import dependence of styrene was 67.
    6% in 2005, domestic SM was 49.
    19% in 2010, dropped to 37.
    29% in 2016, and dropped to around 28% in 2018-2019, and is expected to drop to 16% in 2020

    .
    With the centralized production of large-scale integrated styrene plants in China, the voice of domestic plants has increased, and the operation of a set of plants in South Korea will have a limited impact on the overall supply and demand pattern of styrene in China

    .
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