Your August issue of Uber Freight's Chemical Current is here
Download the August edition of our Chemical Current report to see what's trending this month on the chemical transportation front in North America and the EU. Here's a preview:
The July reading of ISM’s US Manufacturing PMI was the worst report of the year at 46.8. And although Chemical Production does not have a roaring short-term outlook, it feels it has more stable footing than many of the other Manufacturing sectors.
Much of the limited strength in the Chemical sector in the US is being buoyed by continued growth in Resin production. The American Chemistry Council is reporting a 6.5% growth in Resin Production for the first 7 months of 2024. US Resin producers are benefiting from the general imbalance of container flows (US imports > US exports), making export rates lower from the US when compared to producers in other world areas (primarily Asia). In June, Plastics Today, cited the increase in freight rates from Asia as a contributing factor to US Resin competitiveness.
Our report also covers:
Supply chain innovation
Chemical transportation trends
Industry news and best practices for chemical shippers
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