Notable Uptick in Materials & Fuels Prices: Key Factors to Consider
Recent market observations have identified a significant 10% escalation in Crude Oil prices over the past month, ABC reports. This development, a notable departure from the price stability witnessed in the past year, is subsequently affecting both material costs and associated freight charges. Contributing to these shifts are a combination of factors, most notably the […]
Prices…. increasing for Sept 2023?
For the first time in what seems like ages, prices on many commodities and raw materials are trending upwards to begin Q4. Global producer ALTIVIA announced a $.05/lb increase on Acetone this week, effective mid-August, presumably amongst increasing production costs from Crude Oil & Natural Gas, amongst other market conditions. Overseas-based ester producers have paused […]
USTR China Section 301 Tariff Exclusions Expiring September 30th
The Section 301 Tariff Exclusions, which were extended in December 2022 and May 2023, are currently set to expire and be reinstated as a 25% Tariff on September 30th, 2023. In May, the tariff exclusion deadline was extended just a matter of days prior to the deadline, however as of today it’s unknown if the […]
A Rising Tide: The Rebound of Ocean Freight Rates
Long-standing trends of sinking freight rates have appeared to run their course, particularly in the realm of ocean carriers. These once dwindling rates have seemingly hit their lowest and are now beginning to catch an upward current. This uptick is especially notable in several lanes, including those bridging the US with Asia and Europe, Fastmarkets […]
Dow Battles Flames & Supply Chain Fallout: FM Declared at Louisiana Unit
In the wake of a fire on July 16th, Dow has declared a force majeure on Ethylene Oxide (EO) at their Plaquemine, LA unit. The aftermath of the blaze is expected to halt operations for a few weeks at least, with industry insiders hinting that supply issues could extend into the months ahead. EO plays […]
