What Lies Ahead for the Chemical Industry and Tariffs

Chinese Chemical Plants Shut as Tariffs Boost Costs, ICIS Says

Some Chinese producers of a chemical used to improve the quality of gasoline have suspended operations as the trade war with Washington raises the cost of feedstock supplied from the US.

What Lies Ahead for the Chemical Industry and Tariffs

Given potential rising costs, companies should reevaluate their supply chain.

Sun Chemical to implement tariff surcharge

To address rising costs caused by recent global trade developments affecting raw material tariffs, Sun Chemical has confirmed that it will implement a tariff surcharge on impacted color materials products, including pigments, both imported and produced in the United States.  Despite the high share of domestic production and sourcing, the recently installed tariffs significantly impact costs for base chemicals, raw materials, equipment parts and …

SOCMA poll: 59% of specialty chemical firms skip stockpiling despite tariff threat

Even with tariffs on the horizon, nearly six in ten specialty chemical suppliers aren’t padding inventories, Society of Chemical Manufacturers and Affiliates (SOCMA) found in its April survey. One-third (33%) of companies have taken action to frontload inventory; this includes 26% adding one to three months’ supply and 7% stockpiling four months or more.  The… The post SOCMA poll: 59% of specialty chemical firms skip stockpiling despite tariff t…