Yesterday (October 9) at 13:51 pm, a deflagration occurred in a production unit of the Nanjing Petrochemical Refinery of Jinling Petrochemical in Qixia District. The fire command center mobilized Special Service 2, Xianlin, Maigaoqiao, Shimenkan and Jinling Petrochemical dedicated teams to rush to the scene. Disposal.
Weibo@Sinopec Jinling Petrochemical Online then released the news:
At 13:50 on October 9, 2016, during the start-up of Jinling Petrochemical’s reforming unit, the feed filter flange leaked and caught fire. No casualties were caused, and the company immediately launched an emergency plan. It is currently being disposed of on site. The fire has been brought under control, no secondary safety and environmental accidents have occurred, and other devices are operating normally.
location of explosion
Explosion pictures posted online
Rumors about the explosion of the Nanjing PX project spread online!
It is reported that the Nanjing PX project is located in the Jinling Petrochemical Refinery Plant, so some netizens believe that the PX device caught fire. As soon as this news came out, the circle of friends was almost wiped out. However, the relevant person in charge of the Propaganda Department of Nanjing Qixia District Committee, where the refinery is located, has clarified that this is completely a rumor. The project is not a PX project. We hope that the majority of netizens will not believe the rumors and will not spread them!
However, the rise in polyester filament prices may come true!
First of all, judging from the quotations of polyester manufacturers in early trading today, the market has risen again, ranging from 50-100 yuan. For example, Xinfengming has generally increased by 50-100 yuan; Lianda thick yarn has increased by 100 yuan, and fine yarn has increased by 100 yuan. Silk prices increased by 50 yuan; Wuchang’s semi-gloss FDY and POY prices increased by 50-100; Rongsheng’s semi-gloss FDY and DTY prices increased by 100 yuan; Ancient Towpath increased by 50; Hengyi POY generally increased by 50; Jiabao increased by 50-100 ; Changle’s stock rose by 50…
In addition, yesterday, the production and sales of the polyester market once again broke through the dullness of the previous few days. The overall production and sales exceeded 100, and the enthusiasm of downstream purchasing was stimulated.
Observing previous accidental explosions of PX, PTA or other devices, the editor found that they can cause considerable fluctuations in the polyester market. Therefore, although the PX project was not involved in this accident, the editor believes that after the G20 Summit, this year’s “Golden Nine and Silver Ten” traditional peak season did not see a sharp rise in the market as in previous years. Although industry insiders are not pessimistic about October, the lackluster market still makes people feel weak.
Given that the fundamentals are not bad, any disturbance in the news may affect the direction of the polyester market. The specific reasons are analyzed as follows:
1. Crude oil strongly broke through the $50 mark, showing its role as a weather vane!
Since the OPEC production freeze agreement was reached, crude oil rose strongly and exceeded the US$50 mark. Polyester filament finally found the market direction. Coupled with the alliance of polyester manufacturers themselves to raise prices, starting from the last two days of the National Day holiday, polyester filament yarn Silk has started to rise steadily. The unexpected explosion undoubtedly gave polyester manufacturers a reason to increase prices in the short term.
2. The 4.45 million tons PTA device is inspected in turn, and the cost support effect is evident!
It is reported that after entering the fourth quarter, especially in October, there are more maintenance plans for PTA equipment: a 2.2 million-ton PTA equipment in Dalian has been shut down for maintenance on October 8. The shutdown time was about 20 days due to dryer problems, and contract customers will be 20% reduced supply. In addition, a 2.25 million tons/year device in Dalian will also stop production tonight, tentatively for 15 days. Another 3.75 million tons/year device in the plant is currently operating normally, and it is planned to take turns after the 2.25 million tons/year device is restarted. Overall, the PTA device load is expected to remain around 68% in October. Tight supply and news guidance may drive PTA prices up, thereby supporting polyester filament prices to remain strong in terms of cost.
3. The overall terminal weaving market is booming, and the demand support role is shown!
On the demand side, after the G20, terminal looms gradually recovered, and as orders gradually improved, the load quickly rose to 80%. Judging from the feedback, after mid-to-late September, from knitted varieties in Xiaoshao, Changshu, Haining and other places to woven varieties in Shengze, Changxing and other places, the overall market sales have been boosted, and some factories have begun to rush to work. Factory orders in some areas are expected to last until October-November, raising expectations for the market outlook. Therefore, good terminal demand also supports the increase in polyester filament prices to a certain extent.
