Shanghai Secco Petrochemical Co., Ltd. issued an accident report saying:
At around 15:25 in the afternoon of May 12, Shanghai Aijinke Engineering Construction Service Co., Ltd. had an accident during the tank maintenance work of our company.
Shanghai Secco has a design capacity of 1.09 million tons per year ethylene cracking, which is one of the largest single-line ethylene plants in the world, and the remaining seven devices have also reached the world scale: 650,000 tons/year of styrene, 600,000 tons /Year aromatic extraction, 520,000 tons/year acrylonitrile, 180,000 tons/year butadiene extraction, 600,000 tons/year polyethylene, 300,000 tons/year polystyrene, 250,000 tons/year polypropylene, etc. Large-scale chemical plants. Among them, there are 600,000 tons/year of polyethylene and 250,000 tons/year of polypropylene equipment involving futures trading.
Is this incident most concerned by the current market causing suspension of production and how long will it stop production?
According to the severity of the accident, the time of production stoppage caused by accidents in chemical companies is also different. For example, a PVC production enterprise in Xinjiang had a production accident in the early stage, which caused casualties. The production shutdown period lasted for several months. Of course, the company appeared again shortly afterwards. Production accidents, the company has stopped production for nearly a year.
Shanghai Secco suffered casualties in this accident and was considered a major accident. Therefore, the previous shutdown and investigation are inevitable. However, because the device is only a storage tank, and there is a problem during overhaul, the core of the production area The production plant did not cause major damage, so as long as the company is licensed by superior production, it can immediately resume production.
According to past experience, this accident may cause the company to suspend production for a period of between 2-3 months, and may even be shorter. 'Then according to this assumption, the output of domestic PE decreased by 150,000 tons, and the output of PP decreased by 62,500 tons. The current inventory level can make up for it. '
In March, the output and import volume of PE all increased. The total supply has climbed to the historical peak. The port inventory is also at the same period of the previous year. The pressure on domestic PE stocks is relatively high, and the abundant supply of goods on the market will restrain the rebound of the market. And continuity.
In the period from January to March in 2018, the cumulative PP production in China was 5.315 million tons, which was 4.8422 million tons from the previous year, an increase of 9.53%, and the supply side was relatively lenient from the previous period:
Overall, Shanghai Secco's production capacity is relatively small in the polyolefin industry.
Dong Li, who is responsible for the energyization of Minmetals Industrial Financial Services, said that from the perspective of safety accidents, this time it was a relatively large production safety accident accident/risk accident, resulting in a safety production management rectification activity afterwards. Relatively speaking, There may be a greater level of impact. However, if the cause of the accident is caused by improper operation of the external maintenance personnel, reference to Ningbo Mitsubishi's situation last year should not have much impact on the specific production. 'According to him, the current , Secco's PS and SM devices are in normal operation.
In summary, the Shanghai Secco accident has little effect on the overall supply of polyolefins, short-term social inventories are still relatively sufficient, and the amount of maintenance losses will gradually decrease in the near future. It is expected that the number of imported polyolefins in Hong Kong will increase in May. To increase the overall demand for polyolefins in May!