It is not known what caused the blasts, nor whether chemicals have leaked.
More than 3,500 residents are spending the night in temporary shelters.
Firefighters were already at the scene when the explosions took place.
They had been called to reports of a container fire, state media said. At least 12 firefighters are among the dead.
The warehouse that exploded is owned by a company called Ruihai Logistics which handles toxic chemicals including sodium cyanide and toluene diisocyanate, according to reports.
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A large area of the port was devastated. Shipping containers were left buckled, bent and toppled on to each other like toy bricks.
Rows and rows of new cars were reduced to blackened husks.
"It would be harmful if you breathe in [this toxic air] for a long time," he said.
"But at present, it has not exceeded [the standard] too much based on our monitoring."
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"Suddenly I heard a bang," he said. "I lay down immediately, but I still got injured.
"My security booth was destroyed completely."
Another injured man said after the explosion his mind went blank.
"My first reaction was to run," he said. "I heard another burst. I was running away. I got blood all over my body."
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"I rolled off the bed after the first shockwave hit, so I scrambled to run for my life," said resident Dan Agio.
"When I reached downstairs, the second blast happened. It's as if the sky collapsed. In a blink of an eye, the roof fell."
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Just a few days ago, city officials visited the industrial site to discuss safety standards, he says.
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