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Lumber Prices

...have been waiting to build a deck or fence and didn’t want to pay crazy COVID prices, now could be the time to build (despite paying high labor costs). https://www.zerohedge.com/commodities/lumber-prices-crash-50-fed-tightens...

China Demand Puzzle

...to deal with modestly lower Chinese growth at a time when local capacity is also sharply increasing. For advice on how to build these plans, contact me at john.richardson@icis.com. https://www.icis.com/asian-chemical-connections/2021/03/china-petrochemicals-and-the-lack-of-logical-basis-for-the-2021-boom-theory/...

Covestro in China

...polyurethane raw material MDI with Huafon Group. Covestro also signed partnership agreements at CIIE with universities and researchers including the Shanghai Institute of Organic Chemistry (SIOC) and Tongji University. http://www.shine.cn/biz/company/2111087825/...

Market Share of Hotels vs Airbnb and other Home Sharing Platforms

...all market segments will amount to $927 billion worldwide in the upcoming year. The United States, China and Germany alone are projected to contribute almost half of this revenue. https://www.zerohedge.com/personal-finance/hotel-rooms-or-homes...

Positive Sentiment

...been “choked by the lack of goods coming out of China,” the executive said, adding that it was “surprising” to see how “pervasive” this issue is with XPO’s customers. https://www.freightwaves.com/news/no-economic-hurricane-on-horizon-xpo-executives-say?sfmc_id=63552105...

Furniture Makers Struggle for Skilled Workers

...that it’s a more high-tech and steady career than many had previously believed. “People are our greatest challenge, because they are our greatest asset,” Kreidler said. “Skilled workers are hard...

Chemtura and Tosoh Partner for Japanese Market

...retardants." Completion of the arrangements described in the letter of intent is subject to satisfaction of each party's corporate requirements, including execution of customary definitive agreements between the parties. http://finance.yahoo.com/news/chemtura-tosoh-announce-relationship-manufacture-010000896.html...

Rhine River Issues

...premium to a 2% discount to the monthly contract price. It was last traded at a discount in the spring. –Staff reports, newsdesk@spglobal.com –Edited by Maurice Geller, maurice.geller@spglobal.com https://www.spglobal.com/platts/en/market-insights/latest-news/shipping/101918-factbox-record-low-rhine-levels-bring-widespread-disruption-across-energy-and-commodities...

Benzene Update

...refiner JX Nippon Oil & Energy settled its February Asia contract price at $1,010/mt CFR, up $165/mt from January’s $845/mt level. –Yuriko Kato, yuriko.kato@spglobal.com –Edited by Alisdair Bowles, alisdair.bowles@spglobal.com http://www.platts.com/latest-news/petrochemicals/london/european-benzene-feb-contract-price-set-to-rise-26648986...

Strong Demand for Polystyrene Propping Benzene Prices

...spot benzene prompt-month pricing was assessed Tuesday at $1.76/gal ($526/mt) FOB US Gulf Coast, while NYMEX crude settled at $27.94/b. –John Calton, john.calton@platts.com –Edited by Derek Sands, derek.sands@platts.com http://www.platts.com/latest-news/petrochemicals/houston/strong-demand-supports-higher-us-benzene-crude-21914518...