English Views: 1 Author: Site Editor Publish Time: 2022-01-28 Origin: Site
Ningbo initiated a level 1 emergency response this morning. Zhenhai District implemented temporary lockdown measures and the entire district organized large-scale nucleic acid testing, including a detection point in the site of Zhongjin Petrochemical.
Product | Company | Capacity | Plant operation | Impact |
PX | Sinopec Zhenhai | 750 | Normal operation | Loading suspended |
Zhongjin Petrochemical | 1600 | Normal operation | Supplying to Yisheng New Material, no outward transportation | |
Zhejiang Petrochemcial | 9000 | Operating rate at 60% | ||
Total | 1135 | accounting for 35.4% of total; Zhenhai 7.3% | ||
PTA | Yisheng New Materials | 3600 | Operating rate lowering | Logistics restriction |
FCFC | 1200 | Normal operation | ||
Liwan Polyester | 700 | shutdown | ||
Yisheng Ningbo | 650 | shutdown | ||
2000 | Normal operation | |||
2200 | Normal operation | |||
Total | 10350 | accounting for 15.6% of total; Zhenhai 5.4% | ||
MEG | Sinopec Zhenhai | 650 | O/R at 70% | Shipping at terminal stops |
Fund Energy | 500 | shutdown | ||
Total | 1150 | accounting for 35.4%; Zhenhai 7.3% | ||
Polyester | There are 7 polyester companies in Ningbo and nearby, including Dawo, Quandi, Huaxing, Zhuocheng, Dafa, Keren and Jinbi, totally with 1,770kt/year of polyester capacity. There is no unit in Zhenhai District. | |||
Total | 1770 | accounting for 2.7%; Zhenhai 0% | ||
Affected by the spread of the pandemic in Ningbo, Zhenhai District has implemented a temporary closed management policy, and all areas (villages) prohibit non-residential people of the district from entering. It is reported that although current production of Ningbo polyester plants has not been affected, its polyester raw material transport is impacted, not ruling out future production to be affected. CCFGroup will follow up it later.
PX
PX capacity amounts to 11.35 million mt/yr in Ningbo, Zhejiang Province, accounting for 35% of the total in China. There are two PX producers in Zhenhai District of Ningbo, i.e. Zhongjin Petrochemical and Sinopec Zhenhai (ZRCC), with PX capacity of 1.6 million mt/yr and 750kt/yr respectively. Zhongjin Petrochemical mainly supplies PX to downstream Yisheng New Material's PTA plant, but does not rely on outbound logistics.
As of the time of this writing, the two PX plants mentioned above are running stably. However, the loading of cargoes is suspended due to logistics restriction at the port. The recovery is dependent on further government notice.
PTA
PTA capacity in Ningbo totals 10.35 million tons, accounting for 15.6% of the total domestic production capacity. Among them, the 3.6 million tons/year PTA unit of Yisheng New Materials is located in Zhenhai. It is heard that the operating rate of the PTA unit has lowered. Meanwhile, Zhenhai District have implemented lockdown measures to contain the covid-19 pandemic and the logistics has been also has affected. The company is still negotiating for passes.
