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.
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.
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
Introducing: The View from Jamestown Mobile App
The Chemical Company is committed to being more than a product and service provider. TCC strives to be one of your most valuable assets, by being a partner in all of your business operations.
As part of these continued efforts, we are proud to introduce our dedicated mobile application, “The View from Jamestown: Mobile App.”.
Pricing trends, market news and analysis, events and conferences, and much more is available through the app, along with additional features and capabilities in the months and years to come. Click the icon below to download.
Security of Supply | The Chemical Company
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 LinkedIn, Facebook, Instagram & Twitter, and of course make sure you’re subscribed to The View.
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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
Dollars & Cents
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.
AFPM ICIS Magazine
Did you catch our Security of Supply campaign placement in the recent AFPM ICIS print magazine?