What is the impact of the explosion of the hydrogen peroxide device in Jiangsu Fuqiang on the raw material market?

At around 7 am on October 14, a fire broke out at the hydrogen peroxide plant of Fuqiang New Materials Co., Ltd. in Huai'an Industrial Park, Jiangsu. The accident caused one person to be injured and one person lost. At 13:31 in the afternoon, People's Daily Online saw at the scene that black smoke was billowing at the scene of the accident, and there was still an open flame that had not been extinguished. The reporter heard the explosion afterwards.

After the accident, the fire control, public security, emergency response, and environmental protection departments of Huai'an City and Huai'an Industrial Park immediately launched emergency plans and carried out rescue operations. In order to prevent pollution caused by fire-fighting wastewater in the accident plant, three excavators were deployed locally to temporarily block water in nearby rivers. On-site staff said that the main concern is that the water quality of Baima Lake will be polluted.

According to information from Tianyan, Jiangsu Fuqiang New Material Co., Ltd. has been punished for three consecutive times due to fire-fighting facilities since this year. Among them, on January 27 this year, the company was fined 45,000 yuan by the Suhuai High-tech Zone Fire and Rescue Brigade for “the fire-fighting facilities were not kept intact and effective”; The fire rescue brigade of Suhuai High-tech Zone imposed a fine of 15,000 yuan and 30,000 yuan for "conforming to standards" and "failure to implement the fire control room management system as required."

In addition, on July 8, 2019, the company violated Article 22 of the “Environmental Impact Assessment Law”, “Environmental Impact Reports and Report Forms of Construction Projects shall be submitted by the construction unit to the environmental protection administration with approval authority in accordance with the provisions of the State Council. Competent authority’s approval” and Article 25 “If the environmental impact assessment document of a construction project has not been reviewed by the approval authority in accordance with the law or is not approved after review, the construction unit shall not start construction”, and the Huai’an Ecological Environment Bureau has been punished by RMB 2,327,800.