The Urethane Blog

EVERCHEM UPDATE: VOL. 03 – Empty Promises

Shortages are not unique to the urethane industry, but the promises made at the peak of last year’s turmoil ring at a peculiar frequency. Indeed, desperate times will call on desperate measures. Water is also wet. But the SMEs that made supply-chain miracles happen as little as twelve months ago are expecting their promised exchange of future business to deliver. They’ve been waiting. They’re still waiting.

Imports Slow

First came the pullback in spot shipping rates from their historic peak. Then came reports of plunging Asian bookings and mass retail order cancellations, with spot rates falling even faster. Now, all of this is finally showing up at America’s ports.

Freight Rates

Remember back in 2021 when inflation was “transitory” and surging consumer prices were blamed on the supply chain crisis? The Fed and macro investors became intensely interested in chaos at the ports. The focus on bottlenecks spurred the Federal Reserve Bank of New York to create a new barometer called the Global Supply Chain Pressure Index (GSCPI) in January.

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.

EVERCHEM UPDATE: VOL. 02 – Nearshoring

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?

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,