EVERCHEM UPDATE: VOL. 07 – Green Lights and Bailouts

EVERCHEM UPDATE: VOL. 07 – Green Lights and Bailouts

GREEN LIGHT: It’s that unwonted time of year again, the slow drag of December selloffs has finalized, and the purchasing department dogs are let loose. BAILOUTS: Once an economic downturn presents itself in grandiose enough manner to be leveraged, victimhood goes in vogue.

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Pay Raises

Worker pay and benefits climbing at fastest pace in 10 years, ECI finds

Published: July 31, 2018 8:54 a.m. ET

Cost of labor rose at a 2.8% yearly rate as firms boost benefits




Luke Sharrett/BloombergThe cost of employing the average American worker is going up with the unemployment rate way down.

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Huntsman Posts Strong Quarter

Huntsman Announces Strong and Consistent Growth in Second Quarter 2018 Earnings
Tue July 31, 2018 6:00 AM|PR Newswire|About: HUN

Q2: 07-08-18 Earnings Summary

EPS of $1.01 beats by $0.18
Revenue of $2.4B (+ 17.1% Y/Y) beats by $150M


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Solvay Expands

Solvay to Expand Mixing Capacity at U.S. Composites Plant

July 30, 2018

Image courtesy of Solvay
Image courtesy of Solvay

Specialty chemicals and materials producer Solvay recently held a groundbreaking ceremony to mark the beginning of an expansion project at its Greenville,

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More on Propylene

US July propylene contracts roll over in more balanced market
27 July 2018 19:50 Source:ICIS News

HOUSTON (ICIS)–US July propylene contracts settled for a majority of the market at a rollover from the prior month,

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Housing Starts

United States Housing Starts  1959-2018 | Data | Chart | Calendar

Housing starts in the US plunged 12.3 percent month-over-month to an annualized rate of 1,173 thousand in June of 2018,

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ACC Petitions

ACC requests US to remove $2.2bn worth of chems, plastics from proposed China tariffs
25 July 2018 16:38 Source:ICIS News

HOUSTON (ICIS)–US President Donald Trump’s administration risks losing thousands of jobs and billions of dollars in chemical investments by not excluding $2.2bn worth of chemicals and plastic products from its second list of tariffs against China,

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Polytek Acquires Alumilite

Polytek® Development Corp. Announces Acquisition of Alumilite Corporation

EASTON, Pa. and KALAMAZOO, Mich., July 12, 2018 – Polytek® Development Corp.,

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TiO2 Update

North America TiO2 pricing power may wane in second half of year
23 July 2018 17:00 Source:ICIS News

HOUSTON (ICIS)–Sentiment among domestic buyers of North America titanium dioxide (TiO2) is that pricing power is weaker already in the third quarter and will continue to diminish as supply strain continues to ease.

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BASF EO Expansion

BASF EO Expansion

BASF pursues a capacity expansion of the integrated ethylene oxide complex at its Verbund site in Antwerp

BASF pursues a significant capacity expansion of the integrated ethylene oxide complex at its Verbund site in Antwerp,

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