Everchem Update: Vol. 02
Multi-national companies have always had the option to move their primary production hubs as markets and costs shift, but what about small and medium enterprises?
The Urethane Blog
Freight Rates
If supply chain crunch is finally easing, why is inflation so high?
Fed supply chain pressure index headed in opposite direction of inflation
Greg Miller Follow on Twitter Sunday,
European Inflation
Red-Hot European Inflation Hits A New Record, Rising By Double Digits For The First Time. In the flash inflation release for September, Euro area headline HICP inflation rose 82bp to a record 10.0% (technically 9.96%), well above the median forecast of 9.7% and marks the fifth straight month the result has exceeded consensus.
Hurricane Ian Update
Hurricane Ian strengthened to a Category 3 storm early Tuesday morning, making it the second major hurricane of the Atlantic hurricane season. Ian hit the western half of Cuba overnight Monday with winds just over 100 mph and extremely heavy rainfall.
Good News for Spray Foam
After last month’s jarring 12.6% tumble, which sent the SAAR to the lowest level since Jan 2016, US new home sales were expected to slide again if at a far more moderate pace
Housing Drops
Comments confirmed that the mood is dismal and turning uglier by the day: “Although U.S. housing prices remain substantially above their year-ago levels, July’s report reflects a forceful deceleration,” says Craig J. Lazzara, Managing Director at S&P DJI.
Container Rates Update
Fall In Container Spot Rates “Much Steeper”, “Less Orderly” Than Expected
Shipping liner executives predicted a continued drop in spot rates during their latest quarterly calls,
Housing Upside but Concern
In a nice surprise to the upside, the Census Bureau housing report indicated that housing starts jumped a larger-than-expected 12.2% to a 1.575-million-unit pace,
Everchem Update: Vol. 01
The Everchem Update is a new biweekly publication of under-reported polyurethane industry news – insider views and conversation about the polyurethane market.
Railroad Update
Railroads And Unions Reach “Tentative Agreement” To Avert Rail Strike
by Tyler Durden
Thursday, Sep 15,
