Suddenly! A large chemical storage tank leaked! 40000 people need to be evacuated! The bearish sentiment spreads due to the two glue hanging upside down, DMC、 Raw glue, 107 glue
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A large chemical storage tank in California, USA leaked, 40000 people need to evacuate!!!
According to US media reports on May 22, a large storage tank containing toxic chemicals in Orange County, southern California, has been leaking since May 21, posing a risk of explosion. About 40000 residents in the surrounding area received evacuation orders on May 22nd.
According to reports, on May 21st, a large storage tank at an aerospace manufacturing plant in Gaden Grove, the county, was found to be releasing steam. The storage tank has a capacity of approximately 34000 gallons (1 gallon is about 3.79 liters) and is filled with approximately 7000 gallons of methyl methacrylate. This industrial chemical is flammable, irritating to the skin and eyes, and can cause damage to the respiratory and nervous systems.
After the incident, the local fire department's hazardous materials response team carried out cooling treatment on the storage tank. On May 22nd, fire department officials stated that the situation had escalated due to valve malfunctions and the inability to remove and neutralize toxic chemicals in the storage tank. The storage tank is in a 'continuous crisis state' and cannot be safely controlled. Everyone will evacuate the site and 'then let the tank itself experience the situation it is about to happen'.
The US Environmental Protection Agency has deployed equipment around factories to monitor the concentration of chemicals in the air. As of the afternoon of May 22nd local time, no impact has been found on the local air quality.
Last week, domestic DMC prices remained stable. On the raw material side, the price of silicon metal fluctuates narrowly, while the price of methanol rises, with little change in cost. Under the support of pre-sale orders, the expansion level remains low. The price of two adhesives by leading enterprises has rebounded, inverted with DMC, exacerbating the market's wait-and-see and bearish sentiment. The current mainstream quotation for DMC is 14800-15500 yuan/ton. The actual average transaction price is around 14900 yuan/ton.
Last week, DMC prices remained stable, with prices of 107 rubber, raw rubber, and mixed rubber partially falling, while silicone oil remained strong under cost support. The DMC market may operate weakly, with insufficient support from downstream demand. It is expected that the silicone market will remain stable and weak in the short term.