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North America chemical rail holding steady

August 13/2020

MOSCOW (MRC) -- Chemical railcar traffic in North America remain firm, according to data released on 12 August by the Association of American Railroads (AAR), reported Chemweek.

During the week ended 8 August, volume year-to-date (YTD) was down 4.7% from 2019, within the 4.6-4.7% range observed since late June. On a four-week basis, volume decreased 4.5% from 2019 and 7.2% from 2018 (chart).

Weekly volume totaled 43,005 carloads, down 5.6% year-over-year (YOY) and down 2.4% from the previous week.

Chemical railcar traffic in the United States contributed 31,297 carloads to the total, down 2.5% YOY and up 0.1% from the previous week. For the year to date, US chemical railcar traffic is down 5.0%.

Canadian chemical rail traffic totaled 10,763 carloads, down 12.2% YOY and down 10.1% from the previous week. For the year to date, Canadian chemical railcar traffic is down 3.7%.

Chemical railcar traffic in Mexico totaled 945 carloads, a YOY decrease of 20.3% and a sequential increase of 12.1%. For the year to date, Mexican chemical railcar traffic is down 7.4%.

As MRC informed before, in early July, 2020, Dow agreed to sell the rail infrastructure assets and related equipment at six major sites in North America to Watco Companies (Pittsburg, Kansas), a transportation services company operating in North America and Australia. Dow expects the deal, which is slated to close in the fourth quarter, to yield over USD310 million in cash. Watco will provide Dow with rail services from the assets under a long-term agreement.

We remind that Dow Chemical restarted three polyethylene (PE) plants it shut in April on improving demand after widespread economic shocks in April and May, confirmed a company spokeswoman July 23.

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports.


mrcplast.com
Author:Margaret Volkova
Tags:North America, PE, petrochemistry, Dow, Argentina, Russia, USA.
Category:General News
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