The day of the explosion, BASF immediately closed the 14 facilities near the explosion

The day of the explosion, BASF immediately closed the 14 facilities near the explosion, including two steam cracking unit. A steam cracker (also called ethylene) is the leading equipment in chemical industry, mainly the production of ethylene, propylene, butadiene, benzene and other three chemical products, to provide the most basic raw materials for the production of downstream equipment downtime, cracker will lead to a series of downstream of the device because of the lack of raw materials and downtime. It is understood that the acrylic production capacity of 320 thousand tons, accounting for 4.4% of the world; TDI30 million tons of production capacity, accounting for 10% of the world; propylene oxide production capacity of 125 thousand tons, accounting for 1.2% of the world; ethylene production capacity of 345 thousand tons, accounting for 1.1% of the world; butadiene production capacity of 105 thousand tons, accounting for 1% of the world. The explosion caused the shutdown of greater probability, affected by the related products supply short-term tightening, possible price fluctuation.

The explosion stoppage effect on global chemicals market:

acrylic acid

Germany BASF acrylic production capacity in Europe accounted for 1/4 of total capacity, acrylic production accounted for 1/2 of total capacity in europe. Europe’s largest acrylic production enterprises to stop, to add China market countries – Asia’s largest acrylic production of a fire. After this incident, the cutoff of 18, Yangzi BASF offer prices have risen 400 yuan / ton, Zhejiang satellite acrylic offer prices also rose 300-400 yuan / ton. The spot market supply is tight, pull up the atmosphere, continue to rise is a foregone conclusion.

butadiene