Americas top stories: weekly summary

HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 23 September.

US base oils market sees first posted price declines since April 2020
The US base oils industry saw its first posted price reductions this month since the early days of the pandemic.

Olin cuts Q3 guidance amid worsening global conditions
Olin has cut its Q3 earnings guidance as global economic conditions have worsened faster than expected, the US-based chlor-alkali and epoxy producer said in an update on Tuesday.

US inland truck capacity increases as demand remains firm
Spot and contract rates for inland truck deliveries have fallen from record-highs as capacity has increased and demand has remained strong, according to panelists on a webinar hosted by supply chain market intelligence provider Freightwaves.

Chemours cuts 2022 outlook on weak TiO2 demand
Chemours has cut its full-year 2022 earnings guidance because of a continued decline in the demand outlook for titanium dioxide (TiO2) throughout Q3, most notably in Europe and Asia.

US HB Fuller sees rebound in Asia, slowdown in Europe
HB Fuller began to see a rebound in Asian demand during its fiscal third quarter because China is reopening from its COVID-19 lockdowns, the US-based adhesives producer said on Thursday, a trend that other chemical producers have yet to see.

Asia-US container rates plunge as inflation, recession fears stunt demand
Rates for shipping containers from east Asia and China to both US coasts continued to plummet this week as softening demand amid persistent inflation, fears of a recession and an extremely early peak season have opened up capacity, which is weighing on rates.