Chemical warehouse explodes in Tianjin, China
According to traders in Tianjin, the explosions didn’t have a large negative impact on polymer production. One of the PE producers in the city, Tianjin United, with a production capacity of 120,000 tons/year of LLDPE, is located 6 kilometers away from the explosion. The other PE producer in Tianjin, Sinopec Tianjin, with a production capacity of 300,000 tons/year of LLDPE and 300,000 tons of LDPE, is located 35 kilometers way from the warehouse. Both producers reported that the explosions had no major impact on their output.
Meanwhile, there are two PP producers near Tianjin, both of which reported no major impact from the explosions on their PP production. Tianjin Petrochemical has a production capacity of 60,000 tons/year of homo PP while the other PP producer, Sinopec Tianjin, is able produce 450,000 tons/year of PP.
PVC producer Tianjin Dagu, meanwhile, reported that their production and transportation were not affected by the incident.
However, players reported logistics and transport through Tianjin, a major logistical hub in northern China, has been disrupted by the blasts.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Import PE uptrend persists in China despite bearish winds mounting in local market
- 3-digit hikes in Oct PVC offers reinforce supply-driven bullishness in Asia
- Crude oil caught between demand woes and production disruption
- Tightness drives European PVC market up, prices near pre-pandemic levels
- Major LDPE markets touch multi-year highs on growing tightness
- A prospect for Q4 through uncharted waters of 2020 amid pandemic
- China's import PP markets maintain uptrend under shadow of oil-driven losses in Dalian futures
- Weaker domestic demand prompts Vietnam to export polymers
- European PP market ceases upward trend in September
- Force majeure declarations rock the boat in Turkish PVC market