In The Fourth Quarter Of 2021, The Price Of Chemical Products Began To Rise Again, Due To Force Majeure, Bad Weather, Production Line Shutdown For Maintenance, Epidemic Production Halt And Logistics Shutdown
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Recently, DOW DOW, BASF, Cangzhou Dahua, Kositron, Wanhua Chemical and other chemical giants have announced that due to sudden accidents, parking maintenance and other reasons, the normal supply of raw materials, and the duration is generally long. This has been the current tight price of the chemical market, is undoubtedly worse. Supply-side tightening not only reduced inventories but also increased anxiety, triggering another wave of price rises.
On Aug 18, Pooly Plastics said it had found several new COVID-19 cases at its polymer production line in Malay. As a result, due to lack of personnel and other reasons, part of the product bagging equipment has been out of operation since August 16.
On August 18, Reliance Industries said it had now closed its Nagusen plant in Maharashtra state, adding that orders from previous customers would continue to be supplied through inventory or would be diverted from regional plants. In addition, Reliance also announced in early August that it would shut down a 400,000 tPA PP plant in Jamnagar, India, for about a month or more.
The TDI devices of Cangzhou Dahua and Shanghai Costar stopped due to failure on August 13, which is expected to take a long time for maintenance. At present, both companies are in a closed state. And Yantai Juli 3+ 50 thousand tons TDI device stop maintenance, restart time is not determined. In addition, Wanhua announced yantai TDI device maintenance plan in September, Gansu Yinguang will stop for maintenance on August 26, a month.
