$.05 January Propylene Increase
The Chemical Company President Robb Roach, and Polymer Additives Manager Tom Guadagno are anticipating a $.05 increase for propylene in January based on other raw material and energy costs, which will naturally affect products downstream.
Product Pricing Trends & Updates
- Both crude oil and natural gas up, impacting downstream product
- 2-EH & Butanol increasing 5 cents on 1/15
- Propylene possibly up 5 cents for January 2018
- Methanol up 20 cents for January 2018
- Adipic Acid rolls for January, increase possible for February
- Plasticizers mostly flat for January, increase possible for February
- Continued Chinese product & plant shutdowns, costs continue to rise
$.20 Methanol Increase for January
TCC Methanol Product Manager
Cory Mullins announced a $.20 increase for Methanol, effective January 1, 2018. Increased seasonal demand and tight freight demands contributed to the increase. Customers are urged to place orders early, with as much lead-time and flexibility as possible to guarantee orders and delivery dates.
Urea Available, In-Stock for Ice Melt
Product Manager AJ Petrarca has Urea in-stock and available for prompt shipment. Urea is the oldest commercially produced chemical, with the main use as a fertilizer, as well as in resins, adhesives and ice melt. For more information, contact AJ Petrarca today.
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Freight Tightness Nationwide
With winter weather arriving, and slamming the East Coast this week, as well as newly-enforced ELD mandates and a low number of overall available trucks and truck drivers, freight and trucking is incredibly tight. TCC is urging customers to place orders with as much lead time, and flexibility in delivery dates as possible to guarantee product. For more information on impacts and requirements of specific products, contact your product manager today.
Positive Economic Outlook for 2018
As 2018 kicks off, the United States and the world as a whole continues to monitor global geopolitical issues, threats and trends, and one underlying theme is apparent-the anticipation of a strong economic 2018. While the aftereffects of President Trump’s new tax plan are yet to be seen, the all-time highs across the stock markets and consumer confidence indexes are impossible to ignore. Consequently, TCC is anticipating a strong year.