First of It’s Kind!
In an effort to better support and communicate with the growing number of customers working from home, Performance Additives has decided to put out a quarterly report to give updates on the evolving state of the global supply chain and PVC additives.
We plan to send this out to everyone subscribed so please pass along the word! In this and future reports, we plan to cover changes and updates we see in global logistics, PVC formulation advice, products from our growing product line, and any exciting news about our company or the industry.
19% Methyltin Stabilizer – Immediate Availability
Call your sales rep for pricing
We have both of our grades of 19% methyl tin stabilizer (merKon DX-181 and TS- 977) in warehouse and immediately available. We can ship as little as one tote or as much as multiple truckloads.
Ocean Freight Rates Expected to Remain High in 2022/2023
With the new contract rates all being settled around the globe within the last month, this locked in higher ocean freight rates compared to 2021/2022 season. Companies were lucky to secure space and in some cases had to look at less desirable lanes just to gain capacity. Hopefully spot rates trend down and we are able to go back to the container shipping companies and ask for relief but more than likely is that the real dip in ocean freight won’t come until Q1 of 2023 when new contract negotiations are on the table.
Housing Starts High But Many Are Feeling Cautious
Housing starts in the US unexpectedly edged 0.3% higher to a seasonally adjusted annualized rate of 1.793 million in March of 2022, the highest since June of 2006 and beating market forecasts of 1.745 million. Figures for February were also revised higher to 1.788 million from an initial of 1.769 million. Starts of houses with five units or more jumped 7.5% to 0.574 million and single-family starts dropped 1.7% to 1.2 million.
Housing starts are still recovering from a low reading in January when pandemic-related labour shortages and weather constraints dragged housing activity down while a record low housing supply should continue to underpin homebuilding. However, mortgage rates continue to soar, material costs remain elevated and supply constraints persist which is weighing on house prices and reducing affordability. source: U.S. Census Bureau
