On February 25, Chongqing Changshou Economic and Technological Development Zone Emergency Bureau notified that on February 24, when Chongqing Yingtianhui Chlor-Alkali Chemical Co. 3 people were killed and 3 people were slightly injured. The cause of the accident is under investigation.
It is reported that the company involved in the accident is the upstream raw material supplier of the heavy bus MDI unit, providing it with liquid chlorine and caustic soda and other production raw materials and brine recovery.
Explosion, yes How does the MDI market affect geometry?
Affected by the sudden explosion, the heavy bus MDI device was originally scheduled to restart this week, and the restart time cannot be re-determined. From the afternoon of February 24th, BASF MDI products will be closed. Subsequently, the sentiment of market players holding up their stocks and waiting for a rise has heated up, and some market players' market offers have been expected to rise over the weekend.
In fact, before the explosion, the MDI market had shown signs of turning from weak to strong.
February Market Review:The overall MDI market in February showed a "strong pull-up-weak fall" -Strengthening and rebounding" trend. At the beginning of February, major domestic manufacturers raised their listing prices for February one after another, and the weekly guidance prices of Shanghai factories were higher than market expectations. Before the Superimposition Festival, the mainstream agents can talk about less spot goods. After the Spring Festival holiday, the MDI market tends to rise strongly, and at the same time, it also drives a wave of downstream manufacturers to actively purchase goods. Since the second week, market trading has turned weak, and demand from industries such as pipe insulation engineering and sheet metal has recovered slowly. At the same time, the low-cost supply of goods in the early stage of the sub-traders is still relatively active in closing shipments, and there are also low-priced Middle East imports entering the market, dragging the market to stop rising and fluctuate slightly. In late February, the price of aniline, the main upstream raw material of MDI, continued to rise. By February 24, the spot negotiation price of aniline in East China had risen to 12,350 yuan/ton, which played a strong role in supporting the cost of MDI. The willingness to support the market and raise prices still exists, so the market stopped falling sideways, and the focus of real order negotiations rebounded slightly.
Market outlook for March:Supply side:Today and tomorrow, major domestic MDI manufacturers will release listing prices in March and settlement prices in February. In addition, due to the concentrated maintenance of MDI plants in Ningbo and Chongqing in February, the overall domestic operating rate was at a low level of around 70%. If the Chongqing plant fails to restart as scheduled, manufacturers in the near future may still maintain control over the market. For example, the high listing price of the manufacturer in March is superimposed on the control of the agent, and the agent's offer "rising". There is support for the upward strengthening of the market price center of gravity.
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