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

In the China paddy fields, wheat fields, for example, acetolactate synthase (ALS) inhibitor herbicide resistant to basic broadleaf weeds, resistance to gramineous weeds have emerged; the traditional and the most used acetyl coenzyme A carboxylase (Accase) inhibitors in addition to herbicide on the resistance of weeds in wheat field and broadleaf weeds are also common. In these staple crops, due to resistance problems, we need effective component mechanism to deal with the new company, Dow AgroSciences and other will see these opportunities for innovation.

Second, minor crops

Because people pay more and more attention to health, so the traditional small crop growing area. These minor crops herbicide solution is missing, in fact, many traditional products can be used, the key is to test and registration.

Third, GM crops

A herbicide, there are a lot of potential market to be developed. Glyphosate resistant transgenic crops 20 years ago began listing in 20 years ago to the stage 10 years ago, everyone thought that was the end of a selective herbicide, not to exploit. But several years later, it was 10 years ago to this time 5 years ago, in the field of genetically modified crops, especially more and more Roundup resistant weeds, North and South America market is so, so that some of the previous life and herbicide. In the Americas, glyphosate and other herbicides, such as glyphosate and sulfonamide, sulfonylurea and imidazolinone herbicides mixed very much. China is the largest producer of glyphosate, we can also develop terminal products such as glyphosate and other products, will be mixed. Especially in the near future, with the development of resistance 2, 4- drops and dicamba on GM crops, the two effective components and glyphosate mixture market opportunities will be very big.

In short, the herbicide market much will continue to grow in the future.

Leihua _ doubts truth: shareholders are state, the law is a split into two, that is a lie, but no good chaos.. Must be combined.

Enthusiastic netizens “speak”, sharp tongued, penetrating, unconsciously meireki. In fact, in recent years, foreign large enterprises have also appeared in “Baotuan” for the combined event.

In December 11, 2015, two of the country’s biggest chemical enterprises, Dow Chemical and DuPont first merger, the merger of global chemical industry is the largest in the history of mergers and acquisitions, after the merger of the Dow DuPont Co to become the world’s largest chemical enterprises.

Enterprise merger, refers to the transactions or events of two or more than two separate businesses into one reporting entity. The merger is divided into a business combination under the same control and the business combinations under the same control.

Network PVC plastic raw material market remained stable, individual price move. The downstream demand is relatively flat, market trading atmosphere light. In the short term, the market is expected to PVC market will continue to run high.

On Wednesday, the international oil prices continue to rise. NYMEX crude oil closed up 2.60%, to $51.60 / barrel. Brent crude rose 1.92%, to $52.67 / barrel.
Wednesday (October 19th) Asian ethylene market price stability, northeast of CFR at $1069.5-1071.5 / ton price steady; prices held steady at CFR Southeast Asia 1039.5-1041.5 USD / ton.

Although the coastal areas (Jiangsu, Zhejiang and Southern China area) methanol 949 thousand and 600 tons in inventory, but the overall circulation can supply only 230 thousand tons, 55 thousand tons less than in October 9th. However, affected by the typhoon, foreign methanol plant maintenance and other factors, the recent part should be in late September to the end of the month to Hong Kong import cargo postponed to Hong Kong, this should be in the mid to late 9. Port of Iran and Oman also delayed unloading cargo loading port, and the gap between supply and demand problems considering the recent part of the shipment there are also frequent change situation in Hong kong.

Overall, there is more support methanol fundamentals, a strong price makes methanol is the raw material costs continue to uplift; two is the majority of domestic equipment maintenance or overhaul, and olefin producing areas northwest just need support in the region to reduce the supply; three is the traditional peak season demand, inventory is low, prices firm in Shandong; four is the coastal area off the sources of imports to Hong Kong, circulation of tight supply. In wave theory, the current rise since August 30th in the third wave, after the adjustment is expected to continue to rise.