The View from Jamestown: April 2018

The latest chemical industry updates, delivered to your inbox.

The View: Podcast Edition

The View from Jamestown: Podcast Edition is our bi-weekly podcast series that includes content from The View, interviews with industry professionals and business partners, tradeshow previews, and much more.

Click the album art to stream the April View from Jamestown podcast today.

Market Updates

No-Toxicity Ruling for DINP in Europe

This month, the European Chemicals Agency Risk Assessment Committee (RAC) concluded no classification is required for DINP after a lengthy research and analysis period. This comes after Denmark submitted a request to look into a ruling in 2015.

Read On Here

Crude Oil Hovers Above, Around $65/bbl

Crude Oil prices have ticked above $65/bbl two separate times so far in 2018, a price widely regarded as a major threshold for the petrochemical market.

Read On Here

U.S. Trucking Will Get Worse in 2018 Before it Gets Better

Throughout the months of trucking issues including driver shortages, ELD mandates and the winter weather, analysts believe the issues will continue getting worse before they get better.

This report from Bloomberg expects freight costs to rise as much as 12% in 2018, up from already inflated rates that the industry has been seeing through the last six to twelve months.

Read on here

Product Pricing Trends & Updates

  • U.S. Propylene spot prices mostly down
    • Polymer Grade: $.4275/lb
    • Refinery Grade: $.295/lb
  • U.S. contract Ethylene settles at 28.25cpp, down 1.75cpp from March
  • Crude Oil fell on Wednesday to $63.37/bbl, but has been hovering around $65/bbl all March
  • June ICE Brent settled down to $68.02/bbl
  • May NYMEX Nat Gas closed Wednesday at $2.718/mmBtu
  • April Benzene settled down 7cpg, to 299cpg. Was 306cpg in March

Pricing info & trends courtesy of: PetroChem Wire

Security of Supply | The Chemical Company

Security of Supply defines The TCC global strategy to ensure safety, and accountability as well as honest, long-term organic growth.

Our team includes a local technical sales staff based throughout the Americas, a dedicated EH&S team, our integrated logistics managers, vertically integrated producing partners, and committed high-quality customer expert team.

We monitor short-term trends and long-term opportunities, acting and investing when the market is right to bring the best value to our business partners and customers.

The Chemical Company produces weekly graphics with raw material market information and price changes. To follow along, follow TCC your platform of choice, including LinkedInFacebookInstagram & Twitter, and of course make sure you’re subscribed to The View.

Featured Product: April 2018

 

NatureFlexx ELO: Epoxidized Linseed Oil

All products are subject to availability, which fluctuates daily. Most products are available from TCC with approximately a one-week lead time.

For more information, click the graphic of the product, or visit thechemco.com.

Monthly Market Movers

Crude Oil: $63.50 (+ 3.55%)
Natural Gas: $2.669 (- 2.41%)
DOW: 23,995 (- 2.75%)
Nasdaq: 6,995 (- 3.75%)

As of: 4/3/2018, Yahoo Finance (Approximate monthly changes)

Dollars & Cents

$1.00 USD =

.815 EUR
.711 GBP
106.561 JPY
18.20 MXN

As of: 4/3/2018, xe.com

 

Did you catch our Security of Supply campaign placement in the recent AFPM ICIS print magazine?
If not, click the graphic to learn more!

The Chemical Company is committed to giving back to our local community, and to the chemical industry as a whole. Our Love Chemistry campaign encompasses our fundraising and charitable efforts year after year. 

The View from Jamestown: March 2018

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Market Updates

Europe’s Plastic Policies Impact Global Petrochemical Markets

Since China’s ban on importing the world’s plastic waste began in January 2018, other countries have also felt an urgency to recycle more. Europe’s proposed strategy to expand recycling efforts starts with Europe recycling just 41% of plastic waste today. The proposed plans are designed to reach 55% by 2030. The new rules on packaging are projected to save around €100 per collected ton, as well as offering a better-standardized system.

With a significant reduction in plastic bag use, the focus now pivots to other single-use plastics and fishing gear. These plans include ensuring that waste generated on ships and gathered at sea are returned to land and handled there, as well as, reducing administrative burdens on ports, ships, and competent authorities.

Read On Here

Thaw Season Begins March 5

Thaw season in trucking & freight formally begins Monday, March 5th.

Due to structural issues with warmer weather approaching and impacting bridges and roadways, trucks are forced to lower their load weight by a percentage depending on truck type and configuration.

How Blockchain May Create the Autonomous Shipping Container

With a great deal of ground to make up before it becomes a viable, widely-used commercial tool, blockchain technology is poised to make a massive impact on the freight and logistics industry. From managing bulk quantities of containers shipping intercontinental to monitoring the interior air quality and product status, blockchain technology will be posed to impact the freight industry along multiple avenues.

Read on here

Product Pricing Trends & Updates

  • U.S. Propylene contract price down $.06/lb ($132/t)
    • Polymer Grade: $.53/lb ($1168/t)
    • Chem Grade: $.515/lb ($1135/t)
  • European Propylene contract price settled at €617/t ($1119/t) for March
    • €21/t decrease from February
  • Crude Oil continues to hover above $62.50/barrel
  • March Benzene settled at 306cpg, down 5 cents from Feb

Pricing info & trends courtesy of: PetroChem Wire

Security of Supply | The Chemical Company

Security of Supply defines The Chemical Company’s global strategy to ensure safety, accountability, honest and long-term organic growth.

Our team includes a local, technical sales staff based throughout the Americas, a dedicated EH&S team, our integrated logistics managers, vertically integrated producing partners and our committed, high-quality customer expert team.

We monitor short term trends and long-term opportunities, acting and investing when the market is right to bring the best value to our business partners and customers.

The Chemical Company produces weekly graphics with raw material market information and price changes. To follow along, follow TCC your platform of choice, including LinkedInFacebookInstagram & Twitter, and of course make sure you’re subscribed to The View.

Featured Products: February 2018

ChemFlexx 911 P

ChemFlexx ESO

All products are subject to availability, which fluctuates daily. Most products are available from TCC with approximately a one-week lead time.

For more information, click the graphic of the product, or visit thechemco.com.

Monthly Market Movers

Crude Oil: $62.62 (- 0.62%)
Natural Gas: $2.703 (- 1.57%)
DOW: 24,862 (- 2.00%)
Nasdaq: 7,334 (- 4.52%)

As of: 3/5/2018, Yahoo Finance (Approximate monthly changes)

Dollars & Cents

$1.00 USD =

.811 EUR
.723 GBP
106.198 JPY
18.86 MXN

As of: 3/5/2018, xe.com

 

 

Keep an eye out for TCC’s “Security of Supply” placement in the upcoming ICIS AFPM print edition magazine!

The Chemical Company is committed to giving back to our local community, and to the chemical industry as a whole. Our Love Chemistry campaign encompasses our fundraising and charitable efforts year after year. 

The View from Jamestown: February 2018

The latest chemical industry updates, delivered to your inbox.

Market Updates

U.S. House of Representatives Passes Miscellaneous Tariff Bill Act

The U.S. House of Representatives passed H.R. 4318, known as the Miscellaneous Tariff Bill Act to eliminate $1.1 billion of import tariffs over the coming three years. The bill is projected to increase U.S. manufacturing output by more than $3.1 billion.

Chinese New Year: February 16, 2018

With the Chinese new year & holiday season rapidly approaching, companies throughout the chemical and raw material supply chain should be acutely aware of the holiday season, and prepared for short and long-term delays in processing orders and logistics concerns.

Market, Industry-Wide Demand Strong

A reported 67% of businesses throughout the market, in all industries are reporting increased and excessive demand, even with the massive tightness throughout trucking and logistics.

Product Pricing Trends & Updates

  • U.S. orthoxylene contract price up $.035 to $.41/lb, or $904/t
  • Oil cost sinks slightly, to $63/barrel. Record amounts of oil came out of United States soil in 2017, raising concerns of a potential glut

Security of Supply

The Chemical Company

The Chemical Company is committed to premier customer service, forging relationships with the world’s top chemical producers and manufacturers, and managing supply chains from top to bottom. With a landscape shifting daily, including geopolitical issues and freight tightness throughout the market, partnering with The Chemical Company means bolstering, improving and securing your supply chain.

 

The Chemical Company produces weekly graphics with raw material market information and price changes. To follow along, follow TCC your platform of choice, including LinkedInFacebookInstagram & Twitter, and of course make sure you’re subscribed to The View.

Featured Products: February 2018

Butanol

Isophthalic Acid

Phthalic Anhydride

Butanediol (BDO)

Tetrahydrofuran (THF)

All products are subject to availability, which fluctuates daily. Most products are available from TCC with approximately a one-week lead time.

For more information, click the graphic of the product, or visit thechemco.com.

Monthly Market Movers

Crude Oil: $61.75 (Flat)
Natural Gas: $2.75 (Flat)
DOW: 24,718 (- 2.17%)
Nasdaq: 6,807 (- 1.59%)

As of: 2/8/2018, Yahoo Finance

Dollars & Cents

$1.00 USD =

.815 EUR
.713 GBP
109.487 JPY
18.83 MXN

As of: 2/8/2018, xe.com

The Chemical Company is committed to giving back to our local community, and to the chemical industry as a whole. Our Love Chemistry campaign encompasses our fundraising and charitable efforts year after year. 

TCC Staff Serves as Alumni Mentor for Bryant University’s IDEA Program

TCC Digital Marketing Coordinator, and 2016 Bryant Alumni Ben Sawicki volunteered in Bryant’s IDEA Program, a 3-day inclusive learning program mandatory for all freshman and first-year students. Ben, and fellow alumni Brent Lavitt listened to storyboard pitches of each project before they went into final development, to provide feedback & an outside perspective. More information on Bryant’s IDEA Program is available by clicking here.

“Dude Where’s My Van?”

The Chemical Company donated sponsorship funds, as well as purchased a lot of tickets to “Dude Where’s My Van”, a night of comedy with all funds raised benefitting Jason Hamel’s fundraising efforts for a new handicap-accessible van.

TCC Company News

CEO Nick Roach Celebrates Birthday

The TCC Family celebrated CEO Nick Roach’s 74th Birthday in January with his favorite carrot cake from a local Rhode Island bakery.

Happy Birthday, Nick!

TCC Welcomes New Accounting Staff Michaela Turnquist

The Chemical Company welcomes new staff Michaela Turnquist to the TCC family. Michaela will be working with the internal accounting team in Jamestown, Rhode Island. Please help us give her a warm welcome! Click here to say hello.

The View from Jamestown: January 2018

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Market Updates

$.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.
Full release available via thechemco.com/TheView.

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.

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.

The Chemical Company produces weekly graphics with raw material market information and price changes. To follow along, follow TCC your platform of choice, including LinkedInFacebookInstagram & Twitter, and of course make sure you’re subscribed to The View.

Featured Products: January 2018

ADI-PURE® Adipic Acid

Dicyandiamide (Dicy)

Urea

All products are subject to availability, which fluctuates daily. Most products are available from TCC with approximately a one-week lead time.

For more information, click the graphic of the product, or visit thechemco.com.

Monthly Market Movers

Crude Oil: $61.68 (+ 7.36%)
Natural Gas: $3.02 (+ 0.9%)
DOW: 24,920 (+ 2.5%)
Nasdaq: 6,807 (+ 3.76%)

As of: 1/4/2018, Yahoo Finance

Dollars & Cents

$1.00 USD =

.829 EUR
.739 GBP
112.802 JPY
19.35 MXN

As of: 1/4/18, xe.com

The Chemical Company is committed to giving back to our local community, and to the chemical industry as a whole. Our Love Chemistry campaign encompasses our fundraising and charitable efforts year after year. 

TCC Fundraiser Benefitting Newport, RI MLK Community Center

Latin American Operations Manager Javier Fernandez, who regularly volunteers at and works with the local Martin Luther King Jr. Community Center in Newport, Rhode Island, organized and fulfilled a fundraiser, raising over a thousand dollars in donations towards the center. For more  information, or to make an additional donation, contact Javier.

Local Chili Bowl Fundraiser Success During Below-Freezing New Years Weekend

TCC donated generators, heaters and other materials to local Jamestown “Chili Bowl Fundraiser” held over the New Year weekend.

Co-organized by Lynn Roach, wife of TCC President Robb Roach, the event was run and managed by local Jamestown youth to benefit local charity Lucy’s Hearth.

TCC Company News

Newest Member of the TCC Team

Customer Service manager Ingrid Hannon welcomes her new eight-week-old puppy to both hers, and to the TCC family!

Passing of Former Sales Agent Ken Peckham

The Chemical Company regrettably announces the passing of former TCC Sales Agent Ken Peckham, active with TCC from 2002 until his retirement in 2008. Ken spent his entire career in the chemical industry in one facet or another, and will be missed by his family, friends and TCC colleagues. Ken’s full obituary posting can be found here.

The View from Jamestown: December 2017

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Market Updates

Methanol Prices Continue to Rise Across the Market

TCC Methanol Product Manager Cory Mullins anticipates rising Methanol prices heading into December and through the new year. Methanol prices rose 8 cents last week alone, with continued price increases expected.
Full blog post available via thechemco.com/TheView.

Domestic China 2-EH Prices Rising

China’s domestic 2-EH prices are expected to continue to rise with tight supply and increasing downstream demand. Supply has been shrinking throughout Q4 due to closures throughout China as environmental regulations continue. The rising costs and supply issues impact downstream plasticizers such as DOTP and DOP, raising costs by 3-6%.
Read more via ICIS.com/news.

Pricing Notes & Trends Going to 2018

With relatively mild weather throughout the U.S. heading into December, a majority of products and prices are seen unusually flat, or with minimal gains if any. Propylene settled up only 1-1.5 cents, while orthoxylene’s are up in Europe but flat in the U.S. With the unusually warm weather thus far, natural gas and propane prices remain low as the year comes to an end. Other materials including Benzene continues to rise, as well as Methanol up 8cpg last week alone.

The Chemical Company - From the Captain's Chair

November 2017

TCC President Robb Roach shares his thoughts and trends on the market as 2017 comes to a close, and heading into 2018. From rising Benzene prices, continued freight tightness and new hires at TCC, Robb covers it all in the first edition of The View from the Captain’s Chair.
Full content available via thechemco.com/TheCaptainsChair.

The Chemical Company produces weekly graphics with raw material market information and price changes. To follow along, follow TCC your platform of choice, including LinkedInFacebookInstagram & Twitter, and of course make sure you’re subscribed to The View.

Featured Products: December 2017

Elatur® CH

 

Elatur® CH

 

Driveron® S

 

All products are subject to availability, which fluctuates daily. Most products are available from TCC with approximately a one-week lead time.

For more information, click the graphic of the product, or visit thechemco.com.

Monthly Market Movers

Crude Oil: $57.42(+ 2.19%)
Natural Gas: $2.967 (-5.93%)
DOW: 24,326 (+ 3.28%)
Nasdaq: 6,778 (Flat)

As of: 12/4/17, Yahoo Finance

Dollars & Cents

$1.00 USD =

.843 EUR
.742 GBP
112.564 JPY
18.62 MXN

As of: 12/4/17, xe.com

From The Captain’s Chair | November 2017

The Chemical Company - From the Captain's Chair

November 22, 2017

Good Morning,

As we approach the holiday season and prepare for the New Year, a range of trends and factors across the industry are poised to make an impact both for the positive, as well as the negative.

Benzene sits around $3.40/gallon, with continued rising prices. We anticipate seeing chemical prices downstream impacted and rising going into December, including, but not limited to styrene and adipic acid. In anticipation of these price increases, we recommend that our customers plan early and place orders with as much lead time as possible.

Aside from benzene, TCC is anticipating higher prices across the market as stricter Chinese environmental regulations go into effect. We’ve already seen multiple small and mid-size producers shutter, either to update facilities or permanently as result of these new laws. Until the New Year kicks in, we won’t know just how widespread these closures will be in impacting global chemical markets, but we recommend preparing for the worst.

Related to logistics, the U.S. Electronic Logging Device (ELD) mandates become mandatory on December 18 of this year. Multiple outlets are reporting a high percentage of logistics and trucking firms are not amenable to these new rules, and as many as 16% of an already depleted truck driver industry is planning to walk away from trucking rather than comply with the new regulations. To our north, Canada has already implemented similar mandates, which have produced anticipated results of additional tightness throughout the freight market. Though regulating bodies have extended a grace period with minimal implications for non-compliance through April 2018, we still expect trucking and freight to be tight. We urge customers and business partners to plan early to allow as much lead time and flexibility as possible.

In company news, The Chemical Company has continued its investment in Environmental Health & Safety (EH&S). Matt Francoeur joins our staff from the University of Rhode Island. He will oversee TCC’s EH&S management and reporting for all products, geographies and industries where we are involved. We are enthusiastic about our investment in Matt and this position, and we are confident that it will have a favorable impact on our long-term strategy of organic, positive growth.

On behalf of the TCC family, I would like to extend our best wishes for the holiday season as we head into the New Year.

 

 

– Robb Roach, President

The View from Jamestown: November 2017

The latest chemical industry updates, delivered to your inbox

Market Updates

Depleted Trucking Availability Continues to Impact Chemical Market

As the deadline for the ELD mandate looms closer, the trucking freight industry is failing to replace its retiring workforce, specifically, its drivers. This is severely impacting production supply chains throughout the chemical industry and adversely affecting the overall marketplace.

Full blog post available via thechemco.com/TheView.

China Environmental Regulations Influencing Global Chemical Market

As China goes to figurative war with its pollution and smog issues, of which it has a long history, the chemical industry is preparing for the inevitable fallout from the implementations of the new regulations. Beginning on January 1, 2018, China is set to enforce its new nationwide fees in the form of taxes on production facilities and businesses that violate the
pollution thresholds.

Full article available via thechemco.com/TheView.

TCC Specialty Chemical Market Update November 13-17, 2017

The Chemical Company produces weekly graphics with raw material market information and price changes. To follow along, follow TCC your platform of choice, including LinkedInFacebookInstagram & Twitter, and of course make sure you’re subscribed to The View.

Featured Products: November 2017

ChemFlexx DOTP

Contact product manager Tom Guadagno for material availability.

TCC DPHP

Emoltene® 100 DPHP

Emoltene® 100 DPHP is in stock & available for prompt shipment, contact product manager Tom Guadagno for more information.

All products are subject to availability, which fluctuates daily. Most products are available from TCC with approximately a one-week lead time.

For more information, click the graphic of the product, or visit thechemco.com.

Monthly Market Movers

Crude Oil: $54.21 (+ 6.3%)
Natural Gas: $2.92 (- 6.6%)
DOW: 23,430 (+ 3.4%)
Nasdaq: 6,714 (+ 2.8%)

As of: 11/2/17, Yahoo Finance

Dollars & Cents

$1.00 USD =

.859 EUR
.761 GBP
114.080 JPY
19.09 MXN

As of: 11/2/17, xe.com

TCC News & Announcements

The Chemical Company’s Q4 Captain’s Choice

AJ Petrarca
GM of Sales

AJ is a 9 year TCC veteran, who began after earning his degree in chemistry at the nearby University of Rhode Island. He is TCC’s GM of sales, and a product manager for urea, glycols, dicy and ATBC.

Aside from work, AJ enjoys spending time with his wife and two boys, hunting, fishing, boating and cooking.

Jill Goldstein
Customer Service Representative

After starting with TCC in May of 2016, Jill is a customer service representative managing urea and other product lines, as well as international orders.

Outside of work, Jill is one of the few TCC staff who also lives on Jamestown. She is a true New England sports fan, attending professional sporting events and enjoying other Rhode Island activities with her son, friends and coworkers.

The Captain’s Choice award is given quarterly to a member of both the internal TCC team, and the TCC sales team for performance, results and work ethic that goes above and beyond.

The Chemical Company Sponsors Make-A-Wish Classic in Elgin, SC

The Chemical Company participated as a co-sponsor the 21st Annual Make-A-Wish Golf Classic, benefitting the South Carolina Make-A-Wish Foundation.
For more details, click here, or the attached image.