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 […]
Chemical Industry’s Q2 Reports: A Streak of Underwhelming Performance
As we venture into mid-July, the corporate landscape is abuzz with the disclosure of Q2 earnings results, Reuters reports. These financial fever charts offer a glimpse into what might lie ahead for the remainder of the year. The chemical industry has been walking a tightrope, experiencing persistent double-digit percentage dips in Q2 sales and an […]
Quiet Stock Market Bull Rally and Crude Decreases to Begin June
Amid concerns about recessions, inflation, and rate hikes, the stock market quietly embarked on a new bull rally in June. With a 20% surge since October 2022 lows, this positive shift indicates promising signs for the market. Despite negative headlines, the economy has shown resilience, supported by strong corporate earnings and declining oil prices. A […]
Mixed Global Reports on Consumer Spending, Economic Data and Outlook
Global regions exhibit a notable disparity between consumer spending and economic optimism. In North America, consumer spending has defied expectations, outperforming projections despite concerns surrounding inflation and the possibility of recessions. This positive trend in consumer spending offers a glimmer of hope amidst economic uncertainties. Conversely, reports from Asia paint a bleaker picture, with the […]
Fire Leads to Collapse of Key Stretch of I-95 in Philadelphia
Over the weekend, a vehicle fire caused a major section of highway I-95 near Philadelphia to collapse. The collapse affected the entirety of the northbound lanes, while the southbound lanes sustained enough damage to be deemed unsuitable for traffic. It is estimated that the reconstruction of the bridge will require several months, resulting in significant […]
