|Chem One Ltd||Apriil 2018|
Zinc metal decreased in March and that will directly impact Zinc Oxide prices. Zinc Sulfate will have limited impact. First, in 2017 when zinc prices were going up Zinc Sulfate was relatively stable. Second, the decline allowed prices to remain where they are rather than go up further. All grades of Zinc Sulfate are tight, but we have product for our customers.Copper metal declined towards the end of March due to concerns of tariffs and copper metal inventory levels growing. Further declines in prices would be unexpected. It’s a good time to buy Copper Sulfate.We have over the past few months notified you all about the freight situations occurring due to several different factors which include electronic logging devices (ELD) hours of service now at the forefront again due to ELD’s. Tight capacity in the market due to driver retention and an aging workforce with little incentive for new drivers and now the seasonal produce issues.
If you are looking for 2017 freight rates you will be disappointed. If it’s a hazmat load the focus should be to simply find a carrier that can pick up. This situation may change, but not anytime soon. There are not enough trucks for loads in many areas, prices are and have already increased substantially. We cannot reiterate enough to please be prepared for freight increases and increased lead times.
The Generalized System of Preferences (GSP) provides duty-free treatment to goods of designated beneficiary countries. The GSP periodically expires and must be renewed by Congress to remain in effect. It expired on December 31, 2017. It was renewed in the Omnibus Bill passed by congress and signed into law by President Trump on March 22, 2018. It goes into effect April 22, 2018 and provides for retroactive refunds of duties paid because of the expiration.
Chem One is ISO certified in quality, environmental management and safety. As part of our safety good practices we perform both quarterly and annual safety, environmental and security drills. We have seen globally over the past few months significant errors by certain agencies using mass notification tools for use during emergency situations; some human error, system error and errors in determining timing and when to alert. What that shows are that even the most practiced, controlled and state of the art companies can make mistakes during emergencies.
We have a well-trained staff here at Chem One and well tenured however during all the different scenarios we train to during evacuations etc. changes occur, and mistakes happen. What will always be the lesson learned is that being responsible, well trained and consistently practicing will save lives. As a facility that stores and distributes chemicals our primary focus is the responsibility of that task.
As with our internal safety and quality procedures this flows though into the product and service we provide to you. We consistently strive for excellence in all areas and we assure you that as our customer you are at the forefront of this initiative.
During April we will recertify to our three management programs and two are a complete update to new standards ISO 9001:2015 for Quality, ISO 14001:2015 for the Environment and BS OHSAS 18001:2008 for Safety. We will update you all in May on how these audits went but be assured we work hard every day to perform our services that we offer to you to the very best of our ability.
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|Chem One Ltd |14140 Westfair East Drive | Houston | TX | 77041 | PH: (713) 896-9966 | Fax: (713) 896-7540|