Time to keep a watchful eye on the Gulf of Mexico. Apropos of the approaching peak of the Atlantic hurricane season, there is growing chatter among meteorologists about the possibility of a significant storm building in the southern Gulf’s Bay of Campeche by early next week, with the possibility that this could evolve into a […]
Chemical Connections
Chemical, resin plants may be hurricane-ready, but markets are not
Forecasters of this year’s hurricane season expect above-normal activity, and so far that seems on point with the naming this week of the Atlantic’s fourth tropical system. The active start also should bring to mind the precarious state commodity chemical markets and their participants find themselves in right now. Should the Texas-Louisiana coast not navigate […]
Logistics making inflation worries more than transitory
How bad are things on the logistics front? A COVID-19 outbreak at the Port of Yantian in China is causing container ships to back up or to be diverted as services and deliveries are delayed. The port is critical to exports from China’s Pearl River Delta, a major manufacturing center in the world’s major manufacturing […]
Can consumers afford the price rises commodities are portending?
Get ready to open your wallets a bit more. Whether you are in the chemical business, the services industry or the business of feeding people, the cost of business continues to rise. As those costs rise, so too are the number of questions surrounding the emergence of inflation into economies hoping to emerge from the […]
End result of Biden’s ambitious infrastructure proposal may underwhelm
Reinvestment in infrastructure has finally made it to centre stage of US political discussions, but prepare to be underwhelmed by what ultimately results from what will be a partisan debate over a subject that on its surface should not be contentious. This blog previously has expressed optimism that a large investment in US infrastructure renewal […]
Immense challenges facing chemical, polymer procurers
Mid-February’s prolonged freeze on the Texas-Louisiana coast has juiced up market commentary as much as it has most petrochemical and polymer pricing. Just days after the storm, a polyethylene (PE) trader said that the freeze’s effects on regional and global supplies would be “worse than Hurricane Harvey”. Perhaps so, because not long after, a PE […]
Three markets to watch amid stimulus efforts
The Democrat Party sweep of the Georgia runoff senatorial elections this week means President-elect Joseph Biden will take office on 20 January with his party in control of both houses of Congress and thus an easier path to enacting the policies on which he campaigned. The blog previously outlined some possibilities for pandemic-recovery economic stimulus […]
3 stimulus possibilities under the Biden administration
US president-elect Joseph Biden has called the recently passed $900bn second round of coronavirus-related economic stimulus a down-payment to what he will promote passage of after he is sworn into office on 20 January 2021. What that third round of stimulus will look like will be shaped in part by the two 5 January 2021 […]
Chemical market whack-a-mole
Anyone ever play whack-a-mole? The image here comes from the 1990s, a time of ill-fitting T-shirts and no smartphones, so entertainment came from games such as whack-a-mole that sprung up (literally) to test our hand-eye coordination as well as our ability to deal with a new problem cropping up just as soon as we had […]
Decoupling talk is decoupled from reality
It was supposed to be a harmless press conference honouring the US Labor Day holiday, but President Donald Trump made a statement about possible changes in the US-China relationship that if implemented would have substantial implications for chemical markets. In vowing to bolster US manufacturing by reshoring jobs from China should he be elected to […]
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