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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
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.
Featured Products: February 2018
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 =
As of: 2/8/2018, xe.com
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?”
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.