“The View from Jamestown” Product News, December 2012
A Special Message
On a beautiful New England Winter morning in mid December 2012 evil was in Newtown, CT. There were gentle, happy, harmless children and smart, brave and kind adults sacrificed. They were violently thrust into the hands of God. Our thoughts and prayers have been with those sacrificed and their friends and families.
As we enjoy the Christmas Holiday and the New Year we have all been shocked by these tragic deaths. This event has been thought provoking on many, many levels. Such tragic events usually bring a swift political reaction. We can only hope that any new legislation is well thought out, addresses the issues of mental health and guns, and is not just reactive. We need to protect children and the innocent. This is an obligation not an option. Yet we need to do it through debate and insight, we can’t get this wrong.
The Chemical Company has been proactive about the needs of children for decades. TCC supports each and every employee to sponsor a child at an orphanage in El Salvador. Our support helps them to enjoy the basics of food and clothing that unfortunately we in our lives take for granted. We are able to communicate with the children and see the progress that our money provides. We don’t care about the politics of the country because our money goes to the children and ignoring the problem and letting children suffer just isn’t fair. We love helping these children.
So in memory of all these lovely children and dedicated teachers who died a miserable death, let’s move forward from this tragedy. Let’s start to address all the issues relating to children as loving and caring adults. Let’s try our hardest to protect all children. If the government can’t do it, lets try personally. If we all react and do something positive for children because of the thoughts brought on by this tragedy, this loss may have at least one positive result.
Contact: The Chemical Company
P.O. Box 436
44 Southwest Ave.
Jamestown, RI 02835
Phone: (401) 360-2800
Website: thechemco.com Email: Info@thechemco.com
Quote of the Month:
“There’s only one thing we can be sure of, and that is the love that we have for our children, for our families, for each other. The warmth of a small child’s embrace, that is true.”
We appreciate your taking the time to review this newsletter. We welcome your comments as well as contributions regarding our readers’ company/industry activities. Please send them to Bob Beavins at chemcobob@comcast.net
CRITICAL RAW MATERIALS MARKETS
Benzene
U.S. benzene contracts for December settled up $.03/ gallon to US$4.93/ gallon from US$4.90/ gallon in November. Spot prices are in the $5.12- $5.23/ gallon range and trending higher.
N Butane
Normal Butane prices are trading in the mid low to mid US$1.70’s per gallon. N Butane traded the first week of December in the low to mid $1.80’s/ gallon before sliding back to the current level.
Ethylene
U.S. Contract Price for November settled lower by $.02/ lb. to $.4525/ lb. Current spot is in the low $.50’s due to strong demand.
Natural Gas
Natural Gas pricing has been moving lower since late November. Pricing eclipsed the $4.00/ mmbtu price point in Mid- November before falling back to the current $3.40’s/ mmbtu.
Oil
Current WTI Crude price is at $93+/- per barrel range. Prices have been trading in the high $80’s per barrel since late October but have recently spiked and are trending higher.
Orthoxylene
December contracts settled up $.0175/ lb. to $.655/ lb.
Propylene
Contract pricing for December settled at $.58/ lb. for Polymer Grade and $.565/ lb. for Chemical Grade. Up $.01/ lb. from November.
Adipic Acid pricing is flat with good demand and stable supply. Raw material prices are higher (ammonia/ benzene) putting pressure on producer margins. TCC has Adipic Acid in stock and immediately available in 1,000 Kg. Sacks, 500 Kg. Sacks and 25 Kg. bags.
December pricing in Tampa decreased US$35/ ton in Tampa from November ($720/ ton C&F) to US $685/ ton C&F for December. NOLA is seen at $685/ ton fob. Prices in Yuzhnyy (Black Sea) have dropped but are looking to be higher in Q1. Tampa is expected to further decline for January.
Ammonium Nitrate pricing is stable. Seasonal demand will pick up end of Q1. The major feedstock ammonia is stable ($685/ ton) so price movement has not been extreme.
For more information please contact AJ Petrarca aj@thechemco.com
Demand for antimony trioxide remains weak and availability from South America are keeping prices flat. Current offers are in the upper $4.00/ lb. range for full truckloads. Buyers continue to keep inventories to a minimum and use alternate chemistries where possible.
For more information please contact AJ Petrarca aj@thechemco.com
Prices have stabilized. We are keeping a close eye on energy demand and pricing for Q1 2013. Prices are expected to climb as energy demand picks up through January and February. The Chemical Company has both bags and sacks in stock and immediately available.
For more information please contact AJ Petrarca aj@thechemco.com
Soybean prices have been steady, check thechemco.com for real time soybean pricing on our commodities ticker. Epoxidized Soybean Oil Supply is healthy keeping prices stable.
Ethylene: U.S. Contract Price for November decreased by $.02 /lb. to $.4525/ lb. +
MEG – U.S. producers have announced a 1-2 cts/ lb. increase for January. Spot prices are in the high- $.40’s fob Gulf. Availability is still limited and could get extreme during Q1 with 7 major turnarounds. +
DEG – U.S. producers have announced no price change for January. Spot prices are in the high $.40’s per lb. fob Gulf with improved availability. 7 major turnarounds are planned for Q1 so supply is expected to tighten considerably. \
TEG – U.S. producers announced no pricechange for January after a $.05/ lb. increase for December. Spot pricing is in the $1.10- $1.15/ lb. range and should increase substantially once the turnarounds begin. \ +
Producers have announced a January increase of $.03- $.04/ lb.. Supply is balanced to long in North America so it is believed that only a portion of the announced increases will stick.
For more information please contact AJ Petrarca aj@thechemco.com
Melamine supply has tightened considerably. Price increases of $.05- $.08/ lb. were announce for Q1 2013. Supply and Demand is the most recent driver of pricing.
Malic Acid Pricing has stabilized and availability on both domestic and imported material is good. TCC has Malic Acid in stock and available.
For more information please contact AJ Petrarca aj@thechemco.com.
[/wpspoiler][wpspoiler name=”Methanol” ]
Methanol
The Methanex Non-Discounted Reference Price for January will remain unchanged at US$1.45/ gallon (Southern decreased by $02/ gallon to $1.46). Spot pricing is currently approx. US$1.21- $1.23/ gal. and trending lower.
Phenol pricing has shifted only moderately higher on less demand and despite higher benzene values. Formaldehyde prices have stabilized on better methanol availability and improved supply.
Phthalic Anhydride pricing will increase by $.0175/ lb. in January in line with the December orthoxylene price increase. Orthoxylene will likely continue to increase as oil and aromatics pricing tend to increase as build up begins for the Summer driving season.
[/wpspoiler][wpspoiler name=”Plasticizers and Plasticizer Alcohols” ]
Plasticizers and Plasticizer Alcohols
Plasticizer demand world-wide has been slow but pricing is pressured by the underlying aromatics costs. A price increase for both branched and linear plasticizers has been nominated for Mid- January 2013. Evonik has announced that they will broaden their plasticizer portfolio in the second half of 2013.
Plasticizer alcohol pricing is stable with lack luster demand and healthy supply. There is large capacity expansions completed in Asia and staggering growth slated for the future.
Current granular barge pricing of Urea is US$417- $420/ ton up from $385- $415 in Mid- December. Prills are at $415- $420/ ton fob Gulf. The firming of pricing is associated with a seasonal uptick in demand.
For more information on these or any of the products and services provided by TCC please contact Robb Roach directly at Robb@thechemco.com or go to our web site at thechemco.com
[/wpspoiler]
Facebook
Twitter
LinkedIn
Email
Privacy Overview
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.