So far in 2019, the most shocking accident in the chemical industry is the "March 21" explosion in xiangshui, yancheng city, jiangsu province. On April 4, the standing committee of the municipal party committee of yancheng city, jiangsu province, decided to completely close xiangshui chemical industrial park. This news, the chemical industry and more "lively".

    The closure of the park will again push up the prices of related products

    The impact of the xiangshui explosion accident knocked over the balance of supply and demand of the dye intermediate m-phenylenediamine in the domestic market. Phenylenediamine is an important intermediate of dye, and m-phenylenediamine is an important raw material of organic synthesis. Recently, a fire broke out in the sewage treatment workshop of jiangsu danzhong chemical technology co., LTD., a global manufacturer of * indigo dye. According to the preliminary analysis, the cause was caused by the spontaneous combustion of renni nickel, which caused the detonation of toluene. The fire pushed the price of chemical products to a climax, coupled with the closure of xiangshui chemical industrial park, once again pushed the price of raw materials and dyes continued to rise.

    According to relevant information, the market price of m-phenylenediamine soared after the "3•21" explosion. Before the accident, the market price of m-phenylenediamine was 45,000-50,000 yuan/ton, which soared to 100,000 yuan/ton within a few days after the accident, and has soared to about 150,000 yuan/ton so far. Compared with the original price of nearly 50,000 yuan/ton, the increase is about 200%.

    In addition to the price of m-phenylenediamine product inflation, the price of disperse dyes also appeared a larger increase. The price of disperse dyes (take the mainstream disperse black as an example) rose from about 40,000 yuan/ton to 52,000 yuan/ton, an increase of about 30%. Other chemicals such as MDI products, acrylic acid and other prices also increased significantly. In the final analysis, due to the complete closure of xiangshui chemical industrial park, the market supply in these segments was insufficient. In addition, the strict inspection and production restriction on chemical enterprises in various regions would lead to the phenomenon of shortage in the market, thus driving up the price of related products.

    Product price rises, individual enterprise is passive benefit

    Behind the tide of chemical market ushered in price rise, who benefited *? For domestic production of m-phenylenediamine enterprises are not many, it is understood that the main domestic manufacturers have zhejiang longsheng and jiangsu tianjiayi chemical, zhejiang longsheng is the domestic production of m-phenylenediamine * enterprises, occupies the first position in the industry. According to guosheng securities, zhejiang longsheng's annual output of m-phenylenediamine is about 60,000 tons, 30,000 tons for self-use and 30,000 tons for export. If the output from the second quarter to the fourth quarter of 2019 is calculated at 50,000 tons, the gross profit of zhejiang longsheng will increase by 500 million yuan and the net profit will increase by 300 million yuan for every 10,000 yuan/ton of m-phenylenediamine price increase.

    After the "March 21" explosion and the closure of xiangshui chemical industrial park, many enterprises were affected. However, zhejiang longsheng, which benefited passively from the accident, saw its market value rise by 30 billion yuan in half a month, which was shocking. In response, zhejiang longsheng issued a statement that: recently the relevant media on the company's main product price adjustment made reports, in view of the company's current situation for the performance forecast, there are exaggerated and untrue. The sales revenue of the company's product iphenylenediamine accounts for 5.21% of the company's total revenue (about 990 million yuan), which is relatively small and has little impact on the profit. The company's revenue and profitability are not only affected by the price fluctuations of major products, but also by the rising operating costs and sales volume fluctuations.

    Is this really the case? According to industry analysts, this is just a facade. It is reported, zhejiang longsheng subordinate product is not only between phenylenediamine price skyrocketed, other products have also increased in price, such as disperse black, disperse red and other fuel products have different range of rise, the income of which can be imagined.

    The announcement focused on clarification, or to defend and explain that the company's main products are rising in price, but not as high as the imagination, the proportion is also relatively small. The reason for this is simple. For example, really rich people, always very low-key, always like to deliberately flaunt their money. And some have few copper half bucket of water, but always like flaunt wealth. This is the truth, after all, if the title of "accident wealth", is who do not want to.

    The recent continuous explosion in the industry, so that the whole industry accelerated reshuffle, those backward enterprises will be eliminated. At present the national chemical industry university suspended production rectification, many enterprises will withdraw. The closure of xiangshui chemical industrial park will reduce the number of chemical enterprises, and the enterprises that can survive will be the winners. Thus, zhejiang longsheng not only benefited this year, but will benefit a lot in the coming years.

    People laugh and people cry 

    Before the "March 21" explosion accident, the chemical industry was struggling under the pressure of strict environmental protection inspection. Many enterprises just started to resume production after the end of environmental protection. After the accident, a large number of enterprises stopped production and stopped production. Xiangshui chemical industrial park is a key area for many listed companies to lay out, involving subsectors such as dyestuff, medicine and chemical industry. Annoqi, lianhua technology and wuzhong of jiangsu all have subsidiaries in xiangshui chemical industrial park. The complete closure of the park will undoubtedly have a great impact on the listed companies mentioned above.

    In response to this, jiangsu wuzhong said that xiangshui henglida, a wholly-owned subsidiary located in xiangshui chemical industrial park, was temporarily suspended from production. Since there is no formal treatment plan and measures for the complete closure of xiangshui chemical industrial park, there is great uncertainty about the subsequent treatment of xiangshui henglida. Affected by this, there may be a large amount of provision for the goodwill generated by the acquisition of xiangshui henglida * equity. If the full amount is deducted, it will result in a loss of the company's performance in 2018. Xiangshui henglida resumed production at the end of December and stopped production again less than four months later, which is expected to further affect the performance of jiangsu wuzhong.

    The 50 chemical industrial parks will be reduced to 20. This makes many chemical enterprises very frightened. Among the numerous chemical enterprises in jiangsu province, "small" and "scattered" are its main characteristics. Due to the small scale and the unadvanced technology of some chemical enterprises, many enterprises have difficulty in meeting the requirements of environmental protection in terms of environmental concept and governance capacity. In recent years, due to frequent safety accidents in chemical enterprises, many enterprises have stopped production and closed down. According to statistics, in 2017, 1,149 chemical enterprises closed down, and other enterprises that remained closed also had a hard time.

    What does accident after accident leave us? Is it a mass casualty, dozens of broken homes, a handful of people in jail or another wave of security checks? Enterprise safety work, long way to go! If we stay at these levels, we'll have the next "rattle water explosion," perhaps every year or even every few years.