8.12 Tianjin explosion caused LLDPE stocks to be destroyed

Pang Xiongying, vice president of IHS and China's managing director, said in a written statement on August 14 that 250,000-300,000 tons of LLDPE stored in the affected area were destroyed. Pang Xiongying believes that the impact of this explosion on China's overall chemical supply chain is relatively small. According to IHS, Tianjin Port has suspended the entry and exit of chemicals and has also suspended the land transportation of chemicals. As a result, the chemical/ plastics supply chain in North China was interrupted. But he pointed out that the interruption will not exceed two weeks. He also said that Tianjin is not a major chemical import and export port, because the impact on China's overall chemical supply chain should be small. At the same time, he also pointed out that “in view of the explosion occurred in the container warehouse, there is no bulk chemicals/plastics involved.” “If bulk chemicals/plastics are damaged by the explosion, there is little impact on the supply. ," he explained. “Bulk chemical tank companies are not in the region and therefore have no direct impact on the supply chain. Only a few chemicals iso international standard tanks are damaged.”

According to the information of the coastal government, as of August 14, the death toll has reached 56 and 721 people were hospitalized. The open fire on the scene has basically been extinguished. The government has not given a specific inventory of the explosion warehouse, but said there are dozens of dangerous chemicals, mainly ammonium nitrate, potassium nitrate and calcium carbide.