It's top priority to keep you updated on any issues that may affect your bottom line.
ChemSpec realizes the importance of keeping our customers informed on issues in chemical distribution. Our Vice President of Operations, Jon Sias, is constantly working to keep apprised of any issues relating to product availability and deliveries. If you have any questions or concerns, please don't hesitate to reach out to your sales rep.
China Sourcing Update
As of mid-October, the tight supply of certain chemicals from China continues. Following is a report from the ChemSpec sourcing team that details our view of the situation and future outlook:
The Chinese Government continues to send safety inspectors regularly to manufacturing plants. Manufacturers continue to be shut down or told production has to be limited as the country wide push for reducing pollution continues. Rubber raw material manufacturing continues to be a large culprit of water pollution, and there does not seem to be a clear path forward at this time. As a result, many raw material producers are limited, which in turn limits supply. The demand is greater, causing pricing to stay on the rise. Read More
Zinc Oxide is tightening the market and prices are moving upwards rapidly. All new costs are higher effective 08.22.2017. All new orders with new inventory will need to be re-quoted.
Cyber attack hits Maersk Line - Reuters continues to communicate the impact and how it is affecting vessels or cargo loaded from June 26, 2017 through June 28, 2017. Alternate changes have been made to process orders manually and are communicating with customers daily. The good news is that no data has been lost and Maersk has been working to resume normal operations quickly to all of the ports that have been affected.