16 May 2008 17:09 [Source: ICIS news]
LONDON (ICIS news)--The following is a summary of the current situation following the earthquake in ?xml:namespace>
A magnitude 7.9 earthquake hit
22,069 people have been confirmed dead while it is estimated 50,000 people have been killed in total, according to reports by state news agency Xinhua.
The agency is also reporting that 5 million people are homeless as a result of the quake.
Damaged transport links have hampered relief efforts but
Chemical shipping activities in
Shares in only five of the original 66 companies remained suspended from trading on the
Chemicals – Companies
Hongda Chemical Industry said some of its coloured metal and phosphor chemical plants were damaged badly and it also confirmed 31 human casualties.
Oil and gas major Petro
Two fertilizer plants - operated by synthetic ammonia producers Ying Feng Co and Chuan Xin Yun Fang - collapsed on Monday, trapping workers and leaking 80 tonnes of ammonia.
Phosphate factories, including those of Sichuan Hongda, Ying Feng and Longmon, with a combined capacity of nearly 1m tonnes/year of phosphate fertilizers were severely damaged.
Chemicals – Prices
Zinc futures have risen 4% or CNY750/tonne ($107/tonne) on the Shanghai Futures Exchange (SFE) on an anticipated increase in demand for the commodity in line with the reconstruction of the devastated province.
Polyvinyl chloride (PVC) imports into
Eastern China-based acetic acid producers raised ex-tank prices by yuan (CNY) 50/tonne on Tuesday, and by another CNY100/tonne on Wednesday to CNY5,550-5,650/tonne as buyers emerged to stock up on supply concerns ahead of an impending heavy plant turnaround season.
Methanol prices in the coastal regions of
($1 = CNY7.00)
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