Yangzi Petrochemical’s aromatics plant deflagrated and caught fire, PTA or current situation fluctuated

At 16:37 on April 9, a fire broke out in the aromatics plant of Yangzi Petrochemical. The Nanjing Fire Command Center immediately activated the chemical fire disposal plan, and mobilized fire rescue forces to the scene as soon as possible. At 17:14, the open flame at the scene was extinguished without casualties. The accident did not cause environmental pollution. The reason is under investigation.

As of April 9th, the domestic PTA spot market price was 4398 CNY/ton. Since April, PTA prices have been relatively strong. Currently, under the background of cost support, factories are intensively inspected and repaired, the pace of market destocking has accelerated, and the operating rate of downstream devices has been high. The bullish atmosphere is strong. However, due to the limited terminal orders and the expected production of new PTA devices, the market game has intensified and the cautious mood has increased, and there has been a slight decline in the past two days. Yangzi Petrochemical's PTA production capacity is 650,000 tons/year, which is expected to have a limited impact on the market, but it is not ruled out that speculation caused by the incident will ignite more enthusiasm. It is expected that the PTA will be more likely to go up this week.

On January 12, 2021, the chemical plant of another subsidiary of Yangzi Petrochemical Co., Ltd., a rubber company, exploded. Open flames and a large amount of thick smoke appeared on the scene, and the surrounding roads were quickly blocked. On January 21, Yangzi Petrochemical announced that in order to further consolidate the foundation of safety, the company decided to carry out the "100-days" with the theme of "anti-three violations and investigating hidden dangers" from January 15 to April 25 from January 15th to April 25th. "Safety and no accidents" special action.

Yangzi Petrochemical covers an area of 12.43 square kilometers. At present, the company has 58 sets of large petrochemical plants including 12.5 million tons/year oil refining, 800,000 tons/year ethylene, 1.4 million tons/year aromatics, etc., which can produce synthetic resin, synthetic fiber raw materials, basic organic chemical raw materials, refined oil, synthetic There are more than 50 products in 5 categories, including rubber, and it is a major domestic producer of pure benzene, p-xylene, o-xylene, purified terephthalic acid (PTA), ethylene glycol, butadiene and ethylene oxide.