In Japan, polyurethane production capacity has been severely damaged in the short term. On March 11th, a 8.9-magnitude earthquake struck Japan and caused frequent aftershocks and tsunami. The damage was severe and the intensity was only seen in 140 years. The eastern part of Japan is a concentrated area for the petrochemical industry. According to incomplete statistics, the core area affected by the earthquake includes 380,000 tons of PO, 400,000 tons of MDI (the actual production capacity is about 330,000 tons) and 260,000 tons of methyl ethyl ketone. At the same time as the device was damaged, water, electric utility projects, roads and ports were damaged to varying degrees, and production, transportation, and exports were not guaranteed in the short term. Although the impact of device production has not yet been reported in the media, we expect that the impact of the earthquake will not be lower than at least one 1-2 month collective repair. Global Shake: The world's polyurethane supply and demand stress or stimulated release, China's first demand side of the start and the short-term supply side rigidly shaped the supply and demand imbalance of the polyurethane industry chain stress. In this context, the short-term fuse factor will trigger the early start of the price.
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