A combination of shipping delays due to the ongoing issues with the major shipping lanes in the Red Sea and the Panama canal, compounded by several force majeure announcements from global manufacturers, have caused a trickle down effect of supply disruptions that could impact your business. With one of the supply interruptions being a key syngas... Read more »
Much of the U.S. was hit by a winter storm and sub-zero temperatures, causing widespread power outages in Texas and other parts of the South, bringing freight movement across the country to a near stand-still, and causing multiple petrochemical manufacturers to declare force majeure. The timing of this storm could not be worse, as manufacturing... Read more »
The petrochemical market is reacting to volatility and widespread price increases for the past few consecutive months, leaving many buyers wondering what the reasons are behind it. Companies are especially feeling this added pain just as manufacturing makes its attempt at recovery in the post-pandemic world. Simply stated, there are two primary factors driving these... Read more »
Market outlooks remain positive in the chemical sector as we head into 2018. The Chemical Activity Barometer (CAB), an economic indicator created by The American Chemistry Council (ACC), showed a small gain in December and rose 3.7 percent in a year’s time. The CAB factors production, pricing, inventory and other indicators present in the market. Chemical... Read more »
