September 21, 2021

Postal Standards to Change

USPS moves forward with adjusting service standards for First-Class Mail and Periodicals

Aug. 8, 2021

After carefully considering the Postal Regulatory Commission’s (PRC) July 20th advisory opinion, the Postal Service plans to move forward with adjusting service standards for First-Class Mail and Periodicals. The PRC concluded that the Postal Service’s proposed changes, in principle, are rational and accord with statutory requirements. The PRC made a number of recommendations for how the Postal Service should implement its changes, which the Postal Service is largely adopting. Additional details will be provided in an upcoming Federal Register notice.  A majority of First-Class Mail and Periodicals will keep current service standards, with 70 percent of First-Class Mail volume having a delivery standard of 1-3 days.

The service standard changes are part of our balanced and comprehensive Delivering for America Strategic Plan, and will improve service reliability and predictability for customers and enhance the efficiency of the Postal Service network. The service standard changes that we have determined to implement are a necessary step towards achieving our goal of consistently meeting 95 percent service performance.

https://about.usps.com/newsroom/statements/080821-usps-moves-forward-with-adjusting-service-standards.htm

Some first class mail will be delayed with deliveries up to 5 days. Another reason to pay by ACH.

September 21, 2021

Vehicle Sales

https://ycharts.com/indicators/us_total_vehicle_sales

September 21, 2021

Vehicle Sales

https://ycharts.com/indicators/us_total_vehicle_sales

September 21, 2021

Chinese Propylene Oxide Overview

With 600,000 Tons of Additional PO Capacity Coming Online in 2021, by 2023 China’s Total PO Capacity to Reach 7.95 Million Tons Per Year 2021-09-13    [Source:PUdaily] share:

 PUdaily,Shanghai —

In 2020, the domestic production capacity for PO reached 3.37 million tons per year. In the year, some PO plants using chlorohydrination process were closed, while there were also new CHP plants such as Hongbaoli’s being put into operation. So far this year, 600,000 tons of PO capacity has been added to existing capacity, including Sinochem Quanzhou Petrochemical’s 200k t/a PO/SM plant, which was put into operation in March; CNOOC and Shell Nanhai Private Limited’s 300k t/a Phase II PO/SM plant, which came online in April; and Jiangsu Fuqiang New Material’s 100k t/a HPPO facility, which entered service in May.

According to PUdaily, PO projects under construction and proposed for the 2021-2023 period have a total capacity of 3.98 million tons per year, indicating that the domestic PO capacity is expected to reach 7.95 million tons per year by 2023. The table lists PO projects completed, under construction and proposed for the 2021-2023 period for your reference. Given the uncertainties over policies, environmental regulation, access to capital, production technology and product quality, the actual come-onstream dates are subject to change.

http://www.pudaily.com/News/NewsView.aspx?nid=96764

September 21, 2021

Chinese Propylene Oxide Overview

With 600,000 Tons of Additional PO Capacity Coming Online in 2021, by 2023 China’s Total PO Capacity to Reach 7.95 Million Tons Per Year 2021-09-13    [Source:PUdaily] share:

 PUdaily,Shanghai —

In 2020, the domestic production capacity for PO reached 3.37 million tons per year. In the year, some PO plants using chlorohydrination process were closed, while there were also new CHP plants such as Hongbaoli’s being put into operation. So far this year, 600,000 tons of PO capacity has been added to existing capacity, including Sinochem Quanzhou Petrochemical’s 200k t/a PO/SM plant, which was put into operation in March; CNOOC and Shell Nanhai Private Limited’s 300k t/a Phase II PO/SM plant, which came online in April; and Jiangsu Fuqiang New Material’s 100k t/a HPPO facility, which entered service in May.

According to PUdaily, PO projects under construction and proposed for the 2021-2023 period have a total capacity of 3.98 million tons per year, indicating that the domestic PO capacity is expected to reach 7.95 million tons per year by 2023. The table lists PO projects completed, under construction and proposed for the 2021-2023 period for your reference. Given the uncertainties over policies, environmental regulation, access to capital, production technology and product quality, the actual come-onstream dates are subject to change.

http://www.pudaily.com/News/NewsView.aspx?nid=96764