Volume 2 Issue 3
The European market has produced a little more activity, and Asian space is still fairly busy, apart from the weeks on either side of the lunar holidays. The U.S. market is strong and some freight rates keep increasing.-by Adrian Brown
An American Chemistry Council committee proposed a plan last week for the ILSAC GF-6 passenger car engine oil category to be completed and brought to market by the second quarter of 2020, which has been a stated goal of North American car suppliers, but the proposal entailed setting limits for several tests at levels that would be less stringent than automakers have asked.
Kraton Corp. last month lifted its force majeure declaration for its North American tall oil fatty acid and distilled tall oil product lines. The company said it completed restoration of operations for the crude tall oil refinery at its site in Panama City, Florida, which was hit by Hurricane Michael.
WD-40 Co. reported net income of $13.3 million for the quarter ending Nov. 30, a 5 percent increase from $12.6 million in the same period a year earlier.