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

Greening Our Way To Infection

Authored by John Tierney via City-Journal.org,

The ban on single-use plastic grocery bags is unsanitary – and it comes at the worst imaginable time…

The COVID-19 outbreak is giving new meaning to those “sustainable” shopping bags that politicians and environmentalists have been so eager to impose on the public. These reusable tote bags can sustain the COVID-19 and flu viruses—and spread the viruses throughout the store.

Researchers have been warning for years about the risks of these bags spreading deadly viral and bacterial diseases, but public officials have ignored their concerns, determined to eliminate single-use bags and other plastic products despite their obvious advantages in reducing the spread of pathogens. In New York State, a new law took effect this month banning single-use plastic bags in most retail businesses, and this week Democratic state legislators advanced a bill that would force coffee shops to accept consumers’ reusable cups—a practice that Starbucks and other chains have wisely suspended to avoid spreading the COVID-19 virus.

John Flanagan, the Republican leader of the New York State Senate, has criticized the new legislation and called for a suspension of the law banning plastic bags. “Senate Democrats’ desperate need to be green is unclean during the coronavirus outbreak,” he said Tuesday, but so far he’s been a lonely voice among public officials.

The COVID-19 virus is just one of many pathogens that shoppers can spread unless they wash the bags regularly, which few people bother to do. Viruses and bacteria can survive in the tote bags up to nine days, according to one study of coronaviruses.

The risk of spreading viruses was clearly demonstrated in a 2018 study published in the Journal of Environmental HealthThe researchers, led by Ryan Sinclair of the Loma Linda University School of Public Health, sent shoppers into three California grocery stores carrying polypropylene plastic tote bags that had been sprayed with a harmless surrogate of a virus.

After the shoppers bought groceries and checked out, the researchers found sufficiently high traces of the surrogate to risk transmission on the hands of the shoppers and checkout clerks, as well as on many surfaces touched by the shoppers, including packaged food, unpackaged produce, shopping carts, checkout counters, and the touch screens used to pay for groceries. The researchers said that the results warranted the adaptation of “in-store hand hygiene” and “surface disinfection” by merchants, and they also recommended educating shoppers to wash their bags.

An earlier study of supermarkets in Arizona and California found large numbers of bacteria in almost all the reusable bags—and no contamination in any of the new single-use plastic bags. When a bag with meat juice on the interior was stored in the trunk of a car, within two hours the number of bacteria multiplied tenfold.

The researchers also found that the vast majority of shoppers never followed the advice to wash their bags. One of the researchers, Charles Gerba of the University of Arizona, said that the findings “suggest a serious threat to public health,” particularly from fecal coliform bacteria, which was found in half the bags. These bacteria and other pathogens can be transferred from raw meat in the bag and also from other sources. An outbreak of viral gastroenteritis among a girls’ soccer team in Oregon was traced to a resuable grocery bag that had sat on the floor of a hotel bathroom.

In a 2012 study, researchers analyzed the effects of San Francisco’s ban on single-use plastic grocery bags by comparing emergency-room admissions in the city against those of nearby counties without the bag ban. The researchers, Jonathan Klick of the University of Pennsylvania and Joshua Wright of George Mason University, reported a 25 percent increase in bacteria-related illnesses and deaths in San Francisco relative to the other counties. The city’s Department of Public Health disputed the findings and methodology but acknowledged that “the idea that widespread use of reusable bags may cause gastrointenstinal infections if they are not regularly cleaned is plausible.”

New York’s state officials were told of this risk before they passed the law banning plastic bags. In fact, as the Kings County Politics website reported, a Brooklyn activist, Allen Moses, warned that shoppers in New York City could be particularly vulnerable because they often rest their bags on the floors of subway cars containing  potentially deadly bacteria from rats—and then set the bag on the supermarket checkout counter. Yet public officials remain committed to reusable bags.

A headline on the website of the New York Department of Health calls reusable grocery bags a “Smart Choice” – bizarre advice, considering all the elaborate cautions underneath that headline. The department advises grocery shoppers to segregate different foods in different bags; to package meat and fish and poultry in small disposable plastic bags inside their tote bags; to wash and dry their tote bags carefully; to store the tote bags in a cool, dry place; and never to reuse the grocery tote bags for anything but food.

How could that possibly be a “smart choice” for public health? Anyone who has studied consumer behavior knows that it’s hopelessly unrealistic to expect people to follow all those steps. If the Department of Health actually prioritized public health, it would acknowledge what food manufacturers and grocers have known for decades: disposable plastic is the cheapest, simplest, and safest way to prevent foodborne illnesses.

Instead, leaders in New York and other states are ordering shoppers to make a more expensive, inconvenient, and risky choice—all to serve a green agenda that’s actually harmful to the environment. The ban on plastic bags will mean more trash in landfills (because paper bags take up so much more space than the thin disposable bags) and more greenhouse emissions (because of the larger carbon footprints of the replacement bags). And now, probably, it will also mean more people coming down with COVID-19 and other illnesses.

https://www.zerohedge.com/political/greening-our-way-infection

Greening Our Way To Infection

Authored by John Tierney via City-Journal.org,

The ban on single-use plastic grocery bags is unsanitary – and it comes at the worst imaginable time…

The COVID-19 outbreak is giving new meaning to those “sustainable” shopping bags that politicians and environmentalists have been so eager to impose on the public. These reusable tote bags can sustain the COVID-19 and flu viruses—and spread the viruses throughout the store.

Researchers have been warning for years about the risks of these bags spreading deadly viral and bacterial diseases, but public officials have ignored their concerns, determined to eliminate single-use bags and other plastic products despite their obvious advantages in reducing the spread of pathogens. In New York State, a new law took effect this month banning single-use plastic bags in most retail businesses, and this week Democratic state legislators advanced a bill that would force coffee shops to accept consumers’ reusable cups—a practice that Starbucks and other chains have wisely suspended to avoid spreading the COVID-19 virus.

John Flanagan, the Republican leader of the New York State Senate, has criticized the new legislation and called for a suspension of the law banning plastic bags. “Senate Democrats’ desperate need to be green is unclean during the coronavirus outbreak,” he said Tuesday, but so far he’s been a lonely voice among public officials.

The COVID-19 virus is just one of many pathogens that shoppers can spread unless they wash the bags regularly, which few people bother to do. Viruses and bacteria can survive in the tote bags up to nine days, according to one study of coronaviruses.

The risk of spreading viruses was clearly demonstrated in a 2018 study published in the Journal of Environmental HealthThe researchers, led by Ryan Sinclair of the Loma Linda University School of Public Health, sent shoppers into three California grocery stores carrying polypropylene plastic tote bags that had been sprayed with a harmless surrogate of a virus.

After the shoppers bought groceries and checked out, the researchers found sufficiently high traces of the surrogate to risk transmission on the hands of the shoppers and checkout clerks, as well as on many surfaces touched by the shoppers, including packaged food, unpackaged produce, shopping carts, checkout counters, and the touch screens used to pay for groceries. The researchers said that the results warranted the adaptation of “in-store hand hygiene” and “surface disinfection” by merchants, and they also recommended educating shoppers to wash their bags.

An earlier study of supermarkets in Arizona and California found large numbers of bacteria in almost all the reusable bags—and no contamination in any of the new single-use plastic bags. When a bag with meat juice on the interior was stored in the trunk of a car, within two hours the number of bacteria multiplied tenfold.

The researchers also found that the vast majority of shoppers never followed the advice to wash their bags. One of the researchers, Charles Gerba of the University of Arizona, said that the findings “suggest a serious threat to public health,” particularly from fecal coliform bacteria, which was found in half the bags. These bacteria and other pathogens can be transferred from raw meat in the bag and also from other sources. An outbreak of viral gastroenteritis among a girls’ soccer team in Oregon was traced to a resuable grocery bag that had sat on the floor of a hotel bathroom.

In a 2012 study, researchers analyzed the effects of San Francisco’s ban on single-use plastic grocery bags by comparing emergency-room admissions in the city against those of nearby counties without the bag ban. The researchers, Jonathan Klick of the University of Pennsylvania and Joshua Wright of George Mason University, reported a 25 percent increase in bacteria-related illnesses and deaths in San Francisco relative to the other counties. The city’s Department of Public Health disputed the findings and methodology but acknowledged that “the idea that widespread use of reusable bags may cause gastrointenstinal infections if they are not regularly cleaned is plausible.”

New York’s state officials were told of this risk before they passed the law banning plastic bags. In fact, as the Kings County Politics website reported, a Brooklyn activist, Allen Moses, warned that shoppers in New York City could be particularly vulnerable because they often rest their bags on the floors of subway cars containing  potentially deadly bacteria from rats—and then set the bag on the supermarket checkout counter. Yet public officials remain committed to reusable bags.

A headline on the website of the New York Department of Health calls reusable grocery bags a “Smart Choice” – bizarre advice, considering all the elaborate cautions underneath that headline. The department advises grocery shoppers to segregate different foods in different bags; to package meat and fish and poultry in small disposable plastic bags inside their tote bags; to wash and dry their tote bags carefully; to store the tote bags in a cool, dry place; and never to reuse the grocery tote bags for anything but food.

How could that possibly be a “smart choice” for public health? Anyone who has studied consumer behavior knows that it’s hopelessly unrealistic to expect people to follow all those steps. If the Department of Health actually prioritized public health, it would acknowledge what food manufacturers and grocers have known for decades: disposable plastic is the cheapest, simplest, and safest way to prevent foodborne illnesses.

Instead, leaders in New York and other states are ordering shoppers to make a more expensive, inconvenient, and risky choice—all to serve a green agenda that’s actually harmful to the environment. The ban on plastic bags will mean more trash in landfills (because paper bags take up so much more space than the thin disposable bags) and more greenhouse emissions (because of the larger carbon footprints of the replacement bags). And now, probably, it will also mean more people coming down with COVID-19 and other illnesses.

https://www.zerohedge.com/political/greening-our-way-infection

March 13, 2020

Insiders Are Buying

Insider Buying Surges To Nearly Decade Long High Amid Coronavirus Sell-Off

Those asking who is “buying while there’s blood in the streets” over the last couple months may very well have their answer: corporate insiders. 

While we are still waiting for the first big activist to take a swing – or the first signs of large M&A that can sometimes come with selloffs, there’s one group of people that aren’t waiting to pull the trigger.

Executives are hitting the clearance rack and buying shares of their own companies at what Bloomberg calls a “breakneck” pace during the first couple of weeks of March. The total purchased has exceeded the last two months combined and insider buys are outpacing sales by the most since 2011.

Megan Horneman, director of portfolio strategy at Verdence Capital Advisors commented:

 “When insiders are buying, they think their companies are well undervalued. It can be a good sign that we’re trying to find a bottom around here — not necessarily that it is the bottom but at least that we’re trying to find the bottom here.”

The S&P 500 is now trading at a 14% discount to its 5 year average, which could perhaps be why almost 1,400 executives have bought shares of their own companies. The list includes the CEO of Newell Brands and Kinder Morgan. Buyers outnumbered sellers by nearly a 3:2 ratio.

The last two times insiders bought similarly were in July 2011, preceding a 10% rally in the next two quarters, and in December 2018, preceding a 40% bounce off lows as the market rallied throughout 2019.

Dan Russo, chief market strategist at Chaikin Analytics said:

 “To the extent that it’s executives and board members putting their own money to work, that’s encouraging. Who knows the company better than the people who run it?”

But, if you wanted to make a counterpoint, you could argue that this time it’s different. Neither in 2011 nor 2019 were we dealing with a potential existential threat similar to the coronavirus. Additionally, CEOs sometimes have a habit of buying too soon, before the market bottoms.

During 2008 and 2009, insider buying spiked, but then fell as the market continued to fall. There was a similar pattern during the dot com bubble burst of the early 2000’s. 

Wayne Wicker, chief investment officer of Vantagepoint Investment Advisers commented:

 “It does not tell you anything about the direction of the market because the market will overwhelm any insider buying based on the fear and optimism that swings markets in general every day.”

He concluded: “Insiders are a reasonable barometer for the outlook of companies — who better to know what your future prospects may be than the guys that are trying to put together the strategic plan and watching current sales and inventories than senior management?”

https://www.zerohedge.com/markets/insider-buying-surges-nearly-decade-long-high-amid-coronavirus-sell

March 13, 2020

Insiders Are Buying

Insider Buying Surges To Nearly Decade Long High Amid Coronavirus Sell-Off

Those asking who is “buying while there’s blood in the streets” over the last couple months may very well have their answer: corporate insiders. 

While we are still waiting for the first big activist to take a swing – or the first signs of large M&A that can sometimes come with selloffs, there’s one group of people that aren’t waiting to pull the trigger.

Executives are hitting the clearance rack and buying shares of their own companies at what Bloomberg calls a “breakneck” pace during the first couple of weeks of March. The total purchased has exceeded the last two months combined and insider buys are outpacing sales by the most since 2011.

Megan Horneman, director of portfolio strategy at Verdence Capital Advisors commented:

 “When insiders are buying, they think their companies are well undervalued. It can be a good sign that we’re trying to find a bottom around here — not necessarily that it is the bottom but at least that we’re trying to find the bottom here.”

The S&P 500 is now trading at a 14% discount to its 5 year average, which could perhaps be why almost 1,400 executives have bought shares of their own companies. The list includes the CEO of Newell Brands and Kinder Morgan. Buyers outnumbered sellers by nearly a 3:2 ratio.

The last two times insiders bought similarly were in July 2011, preceding a 10% rally in the next two quarters, and in December 2018, preceding a 40% bounce off lows as the market rallied throughout 2019.

Dan Russo, chief market strategist at Chaikin Analytics said:

 “To the extent that it’s executives and board members putting their own money to work, that’s encouraging. Who knows the company better than the people who run it?”

But, if you wanted to make a counterpoint, you could argue that this time it’s different. Neither in 2011 nor 2019 were we dealing with a potential existential threat similar to the coronavirus. Additionally, CEOs sometimes have a habit of buying too soon, before the market bottoms.

During 2008 and 2009, insider buying spiked, but then fell as the market continued to fall. There was a similar pattern during the dot com bubble burst of the early 2000’s. 

Wayne Wicker, chief investment officer of Vantagepoint Investment Advisers commented:

 “It does not tell you anything about the direction of the market because the market will overwhelm any insider buying based on the fear and optimism that swings markets in general every day.”

He concluded: “Insiders are a reasonable barometer for the outlook of companies — who better to know what your future prospects may be than the guys that are trying to put together the strategic plan and watching current sales and inventories than senior management?”

https://www.zerohedge.com/markets/insider-buying-surges-nearly-decade-long-high-amid-coronavirus-sell

March 13, 2020

Spot Propylene

US spot polymer-grade propylene hits 11-year low

US spot polymer-grade propylene fell 1.75 cents Thursday to the lowest level in 11 years, S&P Global Platts data showed.

Spot was assessed Thursday at 24.75 cents/lb FD USG and was last lower March 20, 2009, when it was assessed at 24.4375 cents/lb, according to Platts data.

Sources attributed the fall in pricing to declining prices.

A March PGP was heard done at 23.5 cents/lb MtB-Pipe after the Platts on Close assessment process.

Source: Platts

https://globalrubbermarkets.com/203517/us-spot-polymer-grade-propylene-hits-11-year-low.html