The Urethane Blog

Everchem Updates

VOLUME XXI

September 14, 2023

Everchem’s Closers Only Club

Everchem’s exclusive Closers Only Club is reserved for only the highest caliber brass-baller salesmen in the chemical industry. Watch the hype video and be introduced to the top of the league: read more

June 6, 2022

Congestion Eases

Ports get ‘much needed respite’ as container-ship traffic jam eases 

Ship queues down off Southern California, Virginia and Charleston

Greg Miller Follow on Twitter Wednesday, June 1, 2022 3 minutes read

Port of Los Angeles at sunset
Port of Los Angeles at sunset (Photo: Jim Allen/FreightWaves)

Listen to this article 0:00 / 4:11 BeyondWords

It could be the relative calm before the peak-season, post-Shanghai-lockdown storm. Or it could be the final unwinding of COVID-era congestion as inflation takes hold. What happens next is still highly uncertain. But as of now, U.S. port queue numbers remain down from highs.

“This appears to be a much needed respite for some ports that have seen significant delays over the course of the year to date,” said S&P Global Commodity Insights.

“Congestion is easing in [some] areas,” said Flexport. It advised importers to “take advantage of currently available space.”

There were only 25 container ships waiting to berth in the ports of Los Angeles and Long Beach on Friday, according to data from the Marine Exchange of Southern California. That’s the lowest tally since July 28, 2021. As of Wednesday, there were 28 ships waiting. Current numbers are far below the all-time high of 109 ships waiting on Jan. 9.

ports container congestion data
Chart: American Shipper based on data from Marine Exchange of Southern California

The reduction in the Los Angeles/Long Beach ship queue is partially due to cargo being redirected to East Coast ports. Yet even East Coast ports are down from peaks.

In late February, ship-position data from MarineTraffic showed 70 container ships waiting offshore of East and Gulf Coast ports. By mid-May, the count had fallen to 45.

As of Wednesday, it had climbed back up to 58. Traffic jams off Virginia and Charleston, South Carolina, are down. The biggest queues now are off New York/New Jersey — 17 container ships — and Savannah, Georgia, where 25 vessels are waiting. Savannah’s numbers are the main driver of the recent East Coast uptick in recent days; Hapag-Lloyd reported only seven ships at anchor there on Friday.

Container ships waiting to berth in New York/New Jersey (left) and Savannah (right). Maps: MarineTraffic

A temporary reprieve?

Inbound arrivals could soon increase, according to Sea-Intelligence. If so, port congestion improvements are temporary.

Sea-Intelligence said that offered trans-Pacific capacity jumped 21% from 535,200 twenty-foot equivalent units for departures in the week of May 15-21 to 646,500 TEUs this week.

Ships departing overseas ports this week will arrive by the end of June. Last year, the queue numbers in Los Angeles/Long Beach fell through the third week of June, then reversed, heading back up thereafter.

Asia-West Coast freight rates appear to have stabilized at high levels, at least temporarily, after significant recent declines. The Drewry Shanghai-Los Angeles assessment was at $8,720 per forty-foot equivalent unit last week. The Freightos Baltic Daily Index (FBX) assessment for that route (which includes premiums) was at $10,762 per FEU as of Tuesday.

container rates
Rate in $ per FEU. Blue line = FBX China-West Coast, orange line = Drewry Shanghai=Los Angeles. Chart: FreightWaves SONAR (To learn more about FreightWaves SONAR, click here.)

Freight futures traded against the FBX show expectations for rebounding rates.

Peter Stallion of brokerage Freight Investor Services wrote in a market update on Wednesday: “Trans-Pacific westbound has seen a severe erosion of freight rates. [But] forward market sentiment, rather than carrying down any further significant price decreases, has flattened out the curve.”

The calendar-year 2023 futures contract for Asia-West Coast is now trading above the current price, at $11,500 per FEU. That contract price “held steady through the month [of May],” said Stallion.

“This is a drastic change since the start of the year, and indeed through most of 2021,” when current prices were at a premium to forward contract prices.

https://www.freightwaves.com/news/ports-get-much-needed-respite-as-container-ship-traffic-jam-eases

June 6, 2022

Congestion Eases

Ports get ‘much needed respite’ as container-ship traffic jam eases 

Ship queues down off Southern California, Virginia and Charleston

Greg Miller Follow on Twitter Wednesday, June 1, 2022 3 minutes read

Port of Los Angeles at sunset
Port of Los Angeles at sunset (Photo: Jim Allen/FreightWaves)

Listen to this article 0:00 / 4:11 BeyondWords

It could be the relative calm before the peak-season, post-Shanghai-lockdown storm. Or it could be the final unwinding of COVID-era congestion as inflation takes hold. What happens next is still highly uncertain. But as of now, U.S. port queue numbers remain down from highs.

“This appears to be a much needed respite for some ports that have seen significant delays over the course of the year to date,” said S&P Global Commodity Insights.

“Congestion is easing in [some] areas,” said Flexport. It advised importers to “take advantage of currently available space.”

There were only 25 container ships waiting to berth in the ports of Los Angeles and Long Beach on Friday, according to data from the Marine Exchange of Southern California. That’s the lowest tally since July 28, 2021. As of Wednesday, there were 28 ships waiting. Current numbers are far below the all-time high of 109 ships waiting on Jan. 9.

ports container congestion data
Chart: American Shipper based on data from Marine Exchange of Southern California

The reduction in the Los Angeles/Long Beach ship queue is partially due to cargo being redirected to East Coast ports. Yet even East Coast ports are down from peaks.

In late February, ship-position data from MarineTraffic showed 70 container ships waiting offshore of East and Gulf Coast ports. By mid-May, the count had fallen to 45.

As of Wednesday, it had climbed back up to 58. Traffic jams off Virginia and Charleston, South Carolina, are down. The biggest queues now are off New York/New Jersey — 17 container ships — and Savannah, Georgia, where 25 vessels are waiting. Savannah’s numbers are the main driver of the recent East Coast uptick in recent days; Hapag-Lloyd reported only seven ships at anchor there on Friday.

Container ships waiting to berth in New York/New Jersey (left) and Savannah (right). Maps: MarineTraffic

A temporary reprieve?

Inbound arrivals could soon increase, according to Sea-Intelligence. If so, port congestion improvements are temporary.

Sea-Intelligence said that offered trans-Pacific capacity jumped 21% from 535,200 twenty-foot equivalent units for departures in the week of May 15-21 to 646,500 TEUs this week.

Ships departing overseas ports this week will arrive by the end of June. Last year, the queue numbers in Los Angeles/Long Beach fell through the third week of June, then reversed, heading back up thereafter.

Asia-West Coast freight rates appear to have stabilized at high levels, at least temporarily, after significant recent declines. The Drewry Shanghai-Los Angeles assessment was at $8,720 per forty-foot equivalent unit last week. The Freightos Baltic Daily Index (FBX) assessment for that route (which includes premiums) was at $10,762 per FEU as of Tuesday.

container rates
Rate in $ per FEU. Blue line = FBX China-West Coast, orange line = Drewry Shanghai=Los Angeles. Chart: FreightWaves SONAR (To learn more about FreightWaves SONAR, click here.)

Freight futures traded against the FBX show expectations for rebounding rates.

Peter Stallion of brokerage Freight Investor Services wrote in a market update on Wednesday: “Trans-Pacific westbound has seen a severe erosion of freight rates. [But] forward market sentiment, rather than carrying down any further significant price decreases, has flattened out the curve.”

The calendar-year 2023 futures contract for Asia-West Coast is now trading above the current price, at $11,500 per FEU. That contract price “held steady through the month [of May],” said Stallion.

“This is a drastic change since the start of the year, and indeed through most of 2021,” when current prices were at a premium to forward contract prices.

https://www.freightwaves.com/news/ports-get-much-needed-respite-as-container-ship-traffic-jam-eases

June 4, 2022

Lumber Prices

Lumber Prices Crash 50% As Fed Tightens 

by Tyler DurdenFriday, Jun 03, 2022 – 08:40 PM

Lumber prices have been halved since the Federal Reserve embarked on its most aggressive interest rate tightening campaign in decades as the pandemic boom in housing slows.

Lumber contracts trading on the CME crashed to $653 per thousand board feet, down 51% from a high in late February of $1,336. The decline in wood prices occurred about two weeks before the Fed began hiking interest rates in mid-March. 

The Fed is expected to continue raising rates this summer. Interest rate probabilities show the Fed could hike by 50bps at three of the next FOMC meetings to suppress consumption and get inflation under control ahead of the midterm elections. However, that’s going to be a challenging task, which may cause a hard landing in the economy.

Fed Chair Jerome Powell’s pursuit of finding the neutral rate has already unleashed a rate shock in the housing market, with the 30-year fixed-rate mortgage shooting up more than 200bps this year, from 320 bps to 557 bps. This has crushed activity for refinancing houses (remodeling) and sent mortgage applications (home construction) plunging, a sign the housing market is cooling. 

Signs of a slowdown in construction are already materializing: “Buyers don’t have the same mentality of having to go out and buy 10 when they only need five,” Ash Boeckholt, co-founder and chief revenue officer at online wood-products marketplace MaterialsXchange, told WSJ

A monthly survey from John Burns Real Estate Consulting of building-products dealers shows only 12% had tight lumber inventories in April, down 61% from last year. Lumber is a leading indicator and suggests higher prices and soaring interest rates have helped fix shortages that were stoked during the pandemic lockdowns of easy money and robust demand for housing. 

Lumber is still double the price of the three-decade trend of $359. Matthew Saunders, who leads John Burns Real Estate Consulting, said that prices are expected to stay above pre-pandemic levels despite improving supply chains and falling demand for wood. 

“We believe that they will trade above long-term averages for the balance of the year. However, in the short term, lumber is down more than 50% from the most recent peak. The market is trying to determine where the new price equilibrium compared to slowing demand and increased supply,” Josh Goodman, vice president of inventory and purchasing at Sherwood Lumber, told GlobeSt.com. 

Another sign lumber demand is declining is directly from one of the largest wood producers in North America, Canfor Corp, who reduced operating schedules at sawmills in Western Canada. Since March, Canfor has operated sawmills at 80% of production capacity. 

On the retail side, traders and analysts have noticed slumping demand for lumber at Home Depot and Lowe’s as consumers shift away from home-improvement projects to spending money on vacations. 

The Fed will frontload interest rate hikes this summer which could pressure lumber prices even lower. Perhaps, if some readers have been waiting to build a deck or fence and didn’t want to pay crazy COVID prices, now could be the time to build (despite paying high labor costs). 

https://www.zerohedge.com/commodities/lumber-prices-crash-50-fed-tightens

June 4, 2022

Lumber Prices

Lumber Prices Crash 50% As Fed Tightens 

by Tyler DurdenFriday, Jun 03, 2022 – 08:40 PM

Lumber prices have been halved since the Federal Reserve embarked on its most aggressive interest rate tightening campaign in decades as the pandemic boom in housing slows.

Lumber contracts trading on the CME crashed to $653 per thousand board feet, down 51% from a high in late February of $1,336. The decline in wood prices occurred about two weeks before the Fed began hiking interest rates in mid-March. 

The Fed is expected to continue raising rates this summer. Interest rate probabilities show the Fed could hike by 50bps at three of the next FOMC meetings to suppress consumption and get inflation under control ahead of the midterm elections. However, that’s going to be a challenging task, which may cause a hard landing in the economy.

Fed Chair Jerome Powell’s pursuit of finding the neutral rate has already unleashed a rate shock in the housing market, with the 30-year fixed-rate mortgage shooting up more than 200bps this year, from 320 bps to 557 bps. This has crushed activity for refinancing houses (remodeling) and sent mortgage applications (home construction) plunging, a sign the housing market is cooling. 

Signs of a slowdown in construction are already materializing: “Buyers don’t have the same mentality of having to go out and buy 10 when they only need five,” Ash Boeckholt, co-founder and chief revenue officer at online wood-products marketplace MaterialsXchange, told WSJ

A monthly survey from John Burns Real Estate Consulting of building-products dealers shows only 12% had tight lumber inventories in April, down 61% from last year. Lumber is a leading indicator and suggests higher prices and soaring interest rates have helped fix shortages that were stoked during the pandemic lockdowns of easy money and robust demand for housing. 

Lumber is still double the price of the three-decade trend of $359. Matthew Saunders, who leads John Burns Real Estate Consulting, said that prices are expected to stay above pre-pandemic levels despite improving supply chains and falling demand for wood. 

“We believe that they will trade above long-term averages for the balance of the year. However, in the short term, lumber is down more than 50% from the most recent peak. The market is trying to determine where the new price equilibrium compared to slowing demand and increased supply,” Josh Goodman, vice president of inventory and purchasing at Sherwood Lumber, told GlobeSt.com. 

Another sign lumber demand is declining is directly from one of the largest wood producers in North America, Canfor Corp, who reduced operating schedules at sawmills in Western Canada. Since March, Canfor has operated sawmills at 80% of production capacity. 

On the retail side, traders and analysts have noticed slumping demand for lumber at Home Depot and Lowe’s as consumers shift away from home-improvement projects to spending money on vacations. 

The Fed will frontload interest rate hikes this summer which could pressure lumber prices even lower. Perhaps, if some readers have been waiting to build a deck or fence and didn’t want to pay crazy COVID prices, now could be the time to build (despite paying high labor costs). 

https://www.zerohedge.com/commodities/lumber-prices-crash-50-fed-tightens

June 2, 2022

Superfund Tax Overview

Chem firms brace for new US Superfund taxes

Author: Al Greenwood

2022/04/28

HOUSTON (ICIS)–Chemical companies are bracing themselves for the return of two Superfund taxes, one of which covers 42 chemicals made or imported in the US and another covering an even wider range of substances imported into the country.

  • US will revive two Superfund taxes on 1 July 2022.
  • One tax applies to 42 chemicals sold or used by producers or importers.
  • Another tax could apply to many more substances that are imported.

The US is reviving the taxes as part of the $1trn Infrastructure Investment and Jobs Act that President Joe Biden signed into law in November.

The proceeds raised by the taxes will help replenish the government’s Superfund programme, which pays for clean-up at waste sites.

TAXABLE CHEMICALS
The tax levied on the 42 chemicals apply to some of the most common building blocks used in the industry.

These taxes are levied on a short-ton basis for the following 42 chemicals sold in the US by manufacturers or importers:

Taxable ChemicalAlias$/Short TonCent/lb
Acetylene9.740.487
Ammonia5.280.264
Antimony Trioxide7.400.370
Arsenic Trioxide6.820.341
Barium sulphide4.600.230
Benzene9.740.487
Bromine8.900.445
ButadieneBD9.740.487
Butane9.740.487
Butylene9.740.487
Chlorine5.400.270
Chromite3.040.152
Cupric oxide7.180.359
Cupric sulphate3.740.187
Cuprous oxide7.940.397
Ethylene9.740.487
Hydrochloric acidHCl0.580.029
Hydrogen fluoridehydrofluoric acid (HF)8.460.423
Lead oxide8.280.414
Methane6.880.344
Naphthalene9.740.487
Nitric acid0.480.024
Phosphorus8.900.445
Potassium dichromate3.380.169
Potassium hydroxideCaustic potash0.440.022
Propylene9.740.487
Sodium dichromate3.740.187
Sodium hydroxideCaustic soda0.560.028
Stannic chloride4.240.212
Stannous chloride5.700.285
Sulphuric acid0.520.026
Toluene9.740.487
Xylene9.740.487
Zinc chloride4.440.222
Zinc sulphate3.800.190
Antimony8.900.445
Arsenic8.900.445
Cadmium8.900.445
Chromium8.900.445
Cobalt8.900.445
Mercury8.900.445
Nickel8.900.445

Source: Deloitte

Paraxylene (PX), an isomer of xylene, would be subject to the tax once it is imported into the country, said Jeffery Wright, US oil, gas & chemicals tax leader for Deloitte, a consultancy. For xylene, the tax becomes due upon the first sale or the first use.

The tax does include some exceptions.

Exporters can apply for a refund, according to Deloitte. Companies that use the chemicals to make fuel, fertilizer or animal feed are also exempt.

Based on those exceptions, hydrofluoric acid or propylene used in the alkylation units of refineries could be exempt, since those chemicals would be used to make gasoline. Butane could avoid the tax if it is blended in gasoline.

Ammonia used to make nitrogen fertilizers could also avoid the tax.

Methane could escape taxes if it is burned as a fuel in power plants or used to make hydrogen for feedstock in refineries.

However, if the methane is used to make methanol for downstream chemical production, it could be taxed.

The tax also exempts coal derivatives and sulphuric acid that is a by-product of air-pollution control.

TAXABLE SUBSTANCES
The second tax covers substances sold or used by importers, according to Mayer Brown, a law firm.

The tax will cover imports that contain at least 20% of the 42 taxable chemicals. The tax rate would depend on the percent of the taxable chemicals contained by the substance.

For example, a short ton of a taxable substance that contains 20% propylene would be subject to an excise tax rate that is 20% of that for propylene. Since the propylene tax rate is $9.74/ton, the rate for the taxable substance would be $1.95/ton.

It is up to the importer to determine the rate for a taxable substance and maintain the records that would back their findings. If the company comes short, the IRS will impose a 10% tax based on the substance’s value when it enters the country.

So far, there are 151 taxable substances that could meet this 20% threshold, according to lists from the Internal Revenue Service (IRS).

One of these lists was published when the Superfund tax was last in effect in the 1990s, Wright said. Another list was from historic notices that also date from the 1990s. At the time, the substances in the two lists contained at least 50% of the taxable chemicals.

It is presumed that they still contain at least 20%, Wright said.

The table below shows some of the taxable substances in the lists that are followed by ICIS.

ChemicalAlias
1,4 butanediolBDO
acetic acid
acetone
acrylic and methacrylic acid resins
acrylonitrileACN
adipic acid
adiponitrileADN
bisphenol-ABPA
butanolnormal butanol or NBA
butyl acetatebutac
butyl acrylatebutyl-a
cumene
cyclohexaneCX
dimethyl terephthalateDMT
epichlorohydrinEPC
ethyl acetateetac
ethyl acrylateethyl-A
ethyl alcohol for non-beverage useethanol
ethylbenzeneEB
ethylene dichlorideEDC
ethylene glycolEG
ethylene oxideEO
formaldehyde
glycerine
isopropyl alcoholisopropanol (IPA)
linear alpha olefinsLAOs or normal alpha olefins (NAOs)
maleic anhydrideMA
melamine
methanol
methyl acrylatemetyl-A
methyl ethyl ketoneMEK
methyl isobutyl ketoneMIBK
methyl methacrylateMMA
nylon 6/6
phenol
phenolic resins
phthalic anhydridePA
polyalphaolefinsPAOs
polycarbonatePC
polyethylene resins, totalPE
polyethylene terephthalate pelletsPET
polypropylenePP
polypropylene resinsPP
polystyrene homopolymer resinsPS
polystyrene resins and copolymersPS
polyvinylchloride resinsPVCC
propanoln-propanol
propylene glycolPG
propylene oxidePO
styrene
styrene-butadiene, latex
styrene-butadiene, snpf
synthetic linear fatty alcohol ethoxylates
synthetic linear fatty alcohols
synthetic rubber, not containing fillers
terephthalic acidpurified terephthalic acid (PTA)
toluene diisocyanateTDI
urea
vinyl acetateVAM
vinyl chlorideVCM
vinyl resinsPVC
vinyl resins, nspfPVC

Source: Deloitte

Some of these taxes will be problematic. The US has just one plant that makes melamine. It has no domestic production for methyl ethyl ketone (MEK) and relies solely on imports.

The list could be modified to add taxable substances that meet the 20% threshold or remove them that no longer meet the threshold, said Shawn O’Brien a partner at Mayer Brown. Advances or changes in production methods could cause some of the substances to contain less than 20% of the taxable chemicals.

For example, some of these chemicals can be made with renewable feedstock, such as butanediol (BDO), polyethylene (PE) and monoethylene glycol (MEG). Others could be made from feedstock derived from chemically recycled plastics.

PASSING THE BUCK
If companies choose to pass through the taxes, it will likely appear as line items, O’Brien said. He could see the tax being passed down to end consumers.

In total, the amount could be substantial.

The Superfund taxes could raise $452m in 2022 and $1.17bn in 2023, according to the congressional Joint Committee on Taxation. By the time the tax ends on 31 December 2031, the proceeds could reach $14.5bn.

Wright said that companies could evaluate existing contracts with suppliers and customers to see if they can pass along the taxes. Ultimately, each company will have to determine the pros and cons of absorbing the taxes versus passing them along.

To make things clearer for companies, the American Chemistry Council (ACC), a trade group, has asked that the IRS publish tax rates for the taxable substances.

It also asked the IRS to include the harmonised tariff schedule (HTS) numbers and the chemical abstract service numbers of the taxable substances.

The HTS numbers are used by countries around the world to determine which products are subject to a specific tariff. Such numbers allow governments to impose the tariffs in a consistent and clear way.

The list of 151 taxable substances could certainly use some more clarity. It lists polypropylene and polypropylene resins as separate items. HTS numbers could reveal whether the tax applies to two different grades of polypropylene or if the IRS simply listed the same product twice.

The ACC noted that the 20% threshold could cause a lot of chemicals to fall under the definition of a taxable substance. The ACC would like the government to publish rules under which companies could request the removal of chemicals from the list of taxable substances.

The following table shows the full list of the 151 taxable substances that, if imported, would be subject to the Superfund tax.

ChemicalAlias
1,4 butanediolBDO
1,3-butylene glycol
1,5,9- cyclododecatriene
2-ethyl hexanol
2-ethylhexyl acrylate
2,2,4-trimethyl- 1,3-pentanediol diisobutyrate
2,2,4-trimethyl- 1,3-pentanediol monoisobutyrate
acetic acid
acetylene black
adipic acid
adiponitrileADN
allyl chloride
alpha- methylstyrene
aniline
benzaldehyde
benzoic acid
bisphenol-ABPA
butanolnormal butanol or NBA
butyl acrylatebutyl-a
butyl benzyl phthalate
chlorinated polyethylene
cyclododecanol
decabromodiphenyl oxide
di-2 ethyl hexyl phthalate
di-n-hexyl adipate
diethanolamineDEA
diglycidyl ether of bisphenol-A
diisopropano- lamine
dimethyl terephthalateDMT
dimethyl-2, 6-naphthalene dicarboxylate
diphenyl oxide
diphenylamine
epichlorohydrinEPC
ethyl acetateetac
ethyl acrylateethyl-A
ethyl chloride
ethylene dibromide
ethylenebistetra- bromo- phthalimide
formic acid
glycerine
hexabromocyclod odecane
hexamethylenedia mine
isobutyl acetate
isopropyl acetate
linear alpha olefinsLAOs or normal alpha olefins (NAOs)
methyl acrylatemetyl-A
methyl chloroform
methyl isobutyl ketoneMIBK
methyl methacrylateMMA
monochloro- benzene
monoethanolamineMEA
monoisopro- panolamine
normal butyl acetatebutac
normal propyl acetate
nylon 6/6
ortho- dichlorobenzene
ortho-nitrochloro- benzene
paraformaldehyde
para- dichlorobenzene
para-nitrochloro- benzene
para-nitrophenol
pentaerythritol
perchloroethylene
phenol
phosphorous pentasulfide
phosphorous trichloride
poly 1,4 butylenetere-phthalate
poly (69/31 ethylene/ cyclohexylene- dimethylene terephthalate)
poly (96.5/3.5 ethylene/ cyclohexylene-dimethylene terephthalate)
poly (98.5/1.5 ethylene/ cyclohexylene-dimethylene terephthalate)
poly(ethyleneoxy) glycerol
poly(propylene) glycol
poly(propylene/ ethylene) glycol
poly(propyleneoxy) glycerol
poly(propyleneoxy)s ucrose
poly(propyleneoxy/ ethyleneoxy) benzenediamine
poly(propyleneoxy/ ethyleneoxy)diamine
poly(propyleneoxy/ ethyleneoxy)glycerol
poly(propyleneoxy/ ethyleneoxy)sucrose
polyalphaolefinsPAOs
polybutene
polybutylene
polybutylene/ ethylene
polycarbonatePC
polyethylene terephthalate pelletsPET
propanoln-propanol
sodium nitriolotriacetate monohydrate
synthetic linear fatty alcohols
synthetic linear fatty alcohol ethoxylates
terephthalic acidpurified terephthalic acid (PTA)
tetrabromo- bisphenol-A
tetrachloro-phthalic anhydride
tetrahydrofuran
texanol benzyl phthalate
toluene diisocyanateTDI
toluenediamine
trichloroethylene
triethanolamineTEA
triisopropanolamine
trimethylolpropane
vinyl acetateVAM
acetone
acrylic and methacrylic acid resins
acrylonitrileACN
ammonium nitrate
carbon tetrachloride
chloroform
chromic acid
cumene
cyclohexaneCX
ethyl alcohol for nonbeverage useethanol
ethylbenzeneEB
ethylene dichlorideEDC
ethylene glycolEG
ethylene oxideEO
ethyl methyl ketoneMEK
ferrochrome ov 3 pct. carbon
ferrochromium nov 3 pct
ferronickel
formaldehyde
hydrogen peroxide
isophtalic acid
isopropyl alcoholisopropanol (IPA)
maleic anhydrideMA
melamine
methanol
methylene chloride
nickel oxide
nickel powders
nickel waste and scrap
phenolic resins
phthalic anyhydridePA
polybutadiene
polypropylene resinsPP
polystyrene homopolymer resinsPS
polyethylene resins, totalPE
polypropylenePP
polystyrene resins and copolymersPS
polyvinylchloride resinsPVCC
propylene glycolPG
propylene oxidePO
styrene
styrene-butadiene, latex
styrene-butadiene, snpf
synthetic rubber, not containing fillers
unwrought nickel
urea
vinyl chlorideVCM
vinyl resinsPVC
vinyl resins, nspfPVC
wrought nickel rods and wire

Source: Deloitte

Thumbnail shows dollars. Image by Shutterstock

By Al Greenwood

https://www.icis.com/explore/jp/resources/news/2022/04/28/10758808/insight-chem-firms-brace-for-new-us-superfund-taxes