Tianjin port warehouse explosion East China methanol transport was blocked.

China Paint Network
News:
reported that august 12 at about 23:30, Tianjin Port Ruihai International Logistics Co., Ltd. is located in Tianjin Binhai New Area dangerous goods warehouse container dump two explosions, so far, has caused 42 deaths, the number of injuries is increasing, there are reports that because the explosion site of the number of dangerous goods stored unknown, the fire has not been put out.
Tianjin Port, as one of the important transit ports in the north, is mainly affected by its logistics and transportation, and is concentrated in iron ore, thermal coal and other black varieties, and for chemicals, the main impact on PE and methanol. As the most important methanol transit port in Bohai Rim, the basic supporting facilities are complete, the terminal throughput capacity and potential are ranked first, the main source of goods from Inner Mongolia, Hebei, Shaanxi, Ningxia, Xinjiang and other places, many through medium/large-scale sea ships to East/South China.
it is understood that east China is The region with the largest consumption of methanol, where demand accounts for 24.4% of the country's total, ranking first, and due to insufficient local production capacity, only about 7% of the country, supply shortage. In the first half of 2015 due to the extraction of olefin devices, northwest, Shandong methanol supply into east China significantly reduced, methanol in July due to the market downturn and short future prices, there has been a decline in price banks, port inventory low, methanol prices close to historical lows. So far, east China's port stocks are 341,000 tonnes, down 0.70m tonnes from last week.
Tianjin Port as an important node connecting the northwest-Tianjin-East China sea and land transport line, accounting for 20% of the domestic volume in East China, the explosion caused this transport line to a certain extent blocked, in the short term, East China port inventory will be further reduced. Coupled with the increase in the operating rate of downstream formaldehyde and olefin devices, the arrival of the august maintenance season of methanol devices, the situation of less than demand will be further aggravated. In the recent devaluation of the yuan, commodity rebound, methanol futures bullish atmosphere, East China port and surrounding areas methanol prices or simultaneously pushed up.
On the other hand, the mainland methanol market, supply and demand contradictions still exist, the northwest region terminal demand is weak, some enterprises inventory pressure gradually appear, and because of the explosion affected the export shipping lines, cargo backlog, so that in the off-season in the mainland methanol market worse.
from the impact of the explosion, the short-term east China methanol prices may continue to rise slightly, the northwest, north China methanol prices will remain weak, and there is a possibility of a small reduction.