The View from Jamestown: February 2018

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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.

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