9月29日下午2点，全球丙烯酸龙头企业日本触媒位于日本姫路的丙烯酸储罐发生爆炸，导致其姫路厂区全部停产。分析师指出，由于日本触媒的丙烯酸与高吸水性树脂（SAP）产能分别占到全球总产能的9%和20%，此次停产将严重影响全球丙烯酸及SAP树脂供应，并将推升其价格。作为高吸水性树脂的主要下游，纸尿布的原料供应也面临严重短缺。

On September 29, 2 PM,Global acrylic leading enterprise Japan catalyst is located in Japan himeji acrylic acid tank explosion,Lead to its himeji factory all idling.Analysts pointed out that,Because the Japanese catalytic acrylic acid with high hydroscopicity resin(SAP)Capacity to global output accounted for 9% and 20% of the can,The shutdown will seriously affect the global acrylic and SAP resin supply,And pushing up the price.Superabsorbent resin as the main downstream,Paper diaper supply of raw materials also are facing a serious shortage of.

　　丙烯酸大涨500元

Acrylic rose 500 yuan

　　日本触媒公司社长在随后召开的发布会上表示，这次爆炸导致公司每天损失1.5亿日元，设备损失高达50亿-100亿日元，复产时间不定。而据德意志银行的分析，该厂区将至少停产6个月。

Japan catalytic company President in later at the conference said,The explosion cause company every loss of 150 million yen,Equipment loss is as high as 5 billion - 10 billion yen,Production time indefinite.And according to the analysis of deutsche bank,The factory area will production at least six months.

　　分析师普遍认为，此次停产将严重影响全球丙烯酸及SAP树脂供应，并将推升其价格。事实上，就在昨天，国内丙烯酸酯龙头卫星石化已将丙烯酸及酯类报价统一上调500元。其中，丙烯酸报13000元/吨；丙烯酸甲酯13800元/吨；丙烯酸乙酯14800元/吨；丙烯酸丁酯16200元/吨。

Analysts generally believe that,The shutdown will seriously affect the global acrylic and SAP resin supply,And pushing up the price.In fact,Just yesterday,Domestic acrylic ester leading satellite petrochemical already will acrylic ester and unified price increase 500 yuan.the,Acrylic to 13000 yuan/ton;Methyl acrylate 13800 yuan/ton;Ethyl acrylate 14800 yuan/ton;Butyl acrylate 16200 yuan/ton.

　　A股市场上，卫星石化、沈阳化工分别拥有粗丙烯酸产能16万吨/年和8万吨/年，丙烯酸价格每上涨1000元对应其EPS的弹性分别约为0.29元和0.09元。

A-share market,Satellite petrochemical/Shenyang chemical industry respectively have coarse acrylic capacity 160000 tons/year and 80000 tons/year,Acrylic prices rise 1000 yuan each corresponding the EPS elasticity were about 0.29 yuan and 0.09 yuan.

　　纸尿布行业面临原料短缺

Paper diaper industry facing the shortage of raw materials

　　由于日本触媒是全球最大的高吸水性树脂（SAP）生产厂，此次事故还可能令全球纸尿布业在随后几个月面临原料紧缺的局面，进而影响全球纸尿布的市场供应。

Because the Japanese catalyst is the world's largest high hydroscopicity resin(SAP)factory,The accident may also make global paper diaper industry in the next few months facing material shortage situation,Affect global paper diaper market supply.

　　咨询公司全球工业分析家（GIA）10月7日发布的纸尿布市场报告称，全球纸尿布业在今后几个月将面临非常严峻的SAP供应短缺局面，特别是亚洲的纸尿布市场所受影响将更大。

Consulting company global industry analysts(GIA)On October 7 release paper diaper market report says,Global paper diaper industry in the next few months will face very severe SAP in short supply situation,Especially Asian paper diaper market affected will be more big.

　　民族证券分析师齐求实指出，事件对卫生用品行业上游的不同化工企业影响不一，相关个股包括生产无纺布所用ES纤维的江南高纤和年底将有SAP产能投放的卫星石化。而从中期来看，卫生用品行业对SAP的需求也可能自下而上推高丙烯酸的价格。"我们建议短期关注有丙烯酸产能的卫星石化、沈阳化工和纸尿裤概念股江南高纤的交易性机会。"齐求实说。

National securities analyst pointed out that's realistic,Events on health supplies industry in the upper reaches of the different chemical enterprise influence differ,Related stocks including production non-woven fabrics used ES fiber jiangnan high-fiber and the end of the year will have the SAP capacity on the satellite petrochemical.And in the medium term,Health supplies industries to SAP demand may also be bottom-up push up the price of acrylic acid."We suggest that short-term attention have acrylic capacity satellite petrochemical/Shenyang chemical industry and disposable diaper concept stock jiangnan high-fiber trading sexual opportunity."Qi realistic said.

　　GIA则表示，为了使市场供应短缺状况有所减轻，日本触媒公司可能会尽量扩大其另外几个规模稍小的SAP厂（分别位于比利时、中国和美国）的生产。

GIA, said,In order to make the market supply shortage will be reduced,Japan catalytic company may try to expand its in addition a few smaller SAP factory(Located in Belgium/China and the United States)production.

　　其他几家主要SAP供应商近期也表示，将尽全力增加市场供应。巴斯夫公司发言人称，该公司将使其在全球的所有SAP厂进行满负荷生产，尽量多地向市场供货。另一家供应商赢创工业公司则称将尽全力扩大丙烯酸及SAP的生产能力以保障供应。

A few other main SAP supplier in the near future also said,Will try our best to increase market supply.Basf company spokesman said,The company will make its in the global all SAP factory of full load production,As far as possible many to market supply.Another supplier evonik industries, says it will try our best to expand the acrylic and SAP production capacity in order to ensure supply.

　　官方资料显示，日本触媒向社会提供丙烯酸、汽车用以及工业用催化剂等产品。目前，用于纸尿布的高吸水性树脂（SAP）的市场占有率居世界第一位。

Official data show,Japan catalytic providing society with acrylic acid/Automotive and industrial catalyst and other products.At present,Used in paper diaper high hydroscopicity resin(SAP)The market share of the first in the world.