The View from Jamestown: April 2018

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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.

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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!

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