M. Holland’s 3D Printing group offers a rapid response alternative for producing selected parts where resin availability is tight. For more information, email our 3D Printing team.
Market Expertise: M. Holland offers a host of resources to clients, prospects and suppliers across nine strategic markets.
Supply
Oil prices steadied Monday as supply worries balanced out with lower demand prospects.
Oil prices dove in mid-morning trading today, with WTI futures down 7.5% at $96.31/bbl and Brent down 7.1% at $99.52/bbl. U.S. natural gas was down 1.8% at $6.31/MMBtu.
The average U.S. gasoline price fell to $4.68 a gallon on Sunday, according to AAA, down 6% from a June high of $5.02. Price volatility is causing pain for U.S. gas station owners, who can’t reliably predict costs.
Soaring electricity prices will give U.S. power plants their largest summer profits in two decades, with year-over-year gauges of profitability already quadrupling on America’s largest grid and rising 10-fold for some gas plants in Texas.
The U.S. president will make the case for greater oil production from OPEC nations during a rare visit to Saudi Arabia this week, officials said. Historical data suggests Saudi Arabia may already be near peak operating capacity:
Germany continues to hold “difficult” talks with Uniper SE over a massive rescue package for the embattled power supplier.
A Kazakhstan oil pipeline carrying 1% of the world’s supply will continue operating after a Russian court reversed a ruling that ordered flows to be suspended.
India’s Russian oil imports rose 15.5% from May to June to a record 950,000 bpd, while deliveries from the Middle East fell sharply.
Cargoes of fuel are making unusual trips hundreds of miles up Germany’s Rhine River to inland refineries, as importers scramble to replace lost Russian supplies.
Shell invested $40 million into Brazil’s Carbonext, a carbon-credit developer that runs preservation projects across millions of acres of the Amazon forest.
Brazil’s Petrobras says it signed a five-year, $1.25 billion loan deal linked to its sustainability commitments.
A sweltering “heat dome” broke at least 10 temperature records in cities across the Southwest and central U.S. over the weekend, with more all-time highs forecast for this week.
The French government said the nation’s wheat crop will shrink 7% this year to below the five-year average due to heat and drought, while wildfires raged in southern Europe where temperatures topped 100°F.
Second-quarter PC shipments likely fell 12.6% from a year ago, marking the steepest demand drop-off in nearly a decade, according to research firm Gartner.
Tyson Foods’ dominant chicken business is faltering amid staffing shortages, rising supply costs and a growing backlog of unfilled orders.
In the latest news from the auto industry:
The global market for auto plastics will rise 4.7% per year and hit $43.4 billion by 2030 due to rising demand for high-performance plastics, analysts say.
Apparel retailer Gap is replacing its chief executive after several years of slumping sales and operational hiccups.
Domestic Markets
The U.S. reported 160,227 new COVID-19 infections and 444 virus fatalities Monday. Infection levels are considered high in one-fifth of U.S. counties, while total hospitalizations are up 4.5% the past seven days.
U.S. health experts say COVID-19 infections are being severely undercounted due to inadequate reporting.
About 300,000 children under age 5 have received COVID-19 shots in their first two weeks of availability, a surprisingly slow pace compared with older groups.
The National Labor Relations Board received 1,411 union organizing petitions in the first six months of the year, a 69% increase over 2021 and the most in over six years.
S&P 500 companies paid a record $140.6 billion in dividends in the second quarter.
Redfin says 15% of U.S. home purchase deals fell through in June, the largest percentage since early pandemic lockdowns froze the housing market in April 2020.
U.S. passenger vehicle inventories were flat for a sixth consecutive month in June at 1.1 million vehicles, according to Cox Automotive.
The average monthly payment on a new car loan hit an all-time high of $686 in June, according to Edmunds, up 4% from January and 13% from a year ago. In several cities, car payments are higher than the average rent.
Frontier says it made its last and final offer to buy Spirit Airlines, potentially marking the end to a months-long bidding war with rival JetBlue Airways for control of the U.S. budget carrier market.
Cruise tickets are selling at a relative discount to costs of air travel, hotels and gasoline, which are each hitting all-time highs, new data shows.
Boeing secured a large new order for 737 MAX jets from Japanese airline ANA Holdings, which is looking to replace its aging fleet.
The U.S. Navy is testing a 3D aluminum printer to build parts for the USS Essex based in Pearl Harbor, Hawaii.
International Markets
A moving average of COVID-19 cases in Europe rose 28% last week after most countries began dropping preventive measures for the summer. The EU’s medicines regulator is urging more age groups to get a second booster shot.
China locked down a city of 300,000 people when just a single COVID-19 infection was detected, while Shanghai saw 59 new infections Monday, spurring bulk buying over fears of another lockdown.
A fourth COVID-19 vaccine dose reduced Israel’s virus death rate among vulnerable populations by 72%, new research shows.
Over 1 billion COVID-19 vaccine doses worldwide may have been wasted due to weak demand and improper storage.
More news related to the war in Europe:
Russia’s current account surplus rose to a record $70.1 billion in the second quarter, fueled by surging revenues from energy and commodity exports.
Fighting inflation is a higher priority for euro zone finance ministers than the bloc’s dwindling economic growth, officials said Monday. Leaders also announced a potential 25% boost in government funding for companies hurt by sanctions.
Retail beauty brand Sephora plans to sell its Russian business as it seeks a full exit from the country.
Staff-strained Heathrow Airport in London capped the number of departing passengers at 100,000 per day through August and asked airlines to stop selling new tickets.
Over 50% of flights were delayed out of Toronto Pearson International Airport Sunday after one of the nation’s largest telecom providers suffered a day-long outage. The airport already ranks as the world’s worst for on-time travel.
Global plastic waste is projected to triple by 2060, with two-thirds coming from packaging, consumer products and textiles, according to the Organization for Economic Cooperation and Development:
We and selected third-parties use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL third-party cookies. For more details about cookies and how we use them, read the full Data Privacy Policy.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. For more details about cookies and how we use them, read the full Data Privacy Policy.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-advertisement
1 year
Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Cookie
Duration
Description
__cf_bm
30 minutes
This cookie, set by Cloudflare, is used to support Cloudflare Bot Management.
bcookie
1 year
LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID.
bscookie
1 year
LinkedIn sets this cookie to store performed actions on the website.
lang
session
LinkedIn sets this cookie to remember a user's language setting.
lidc
1 day
LinkedIn sets the lidc cookie to facilitate data center selection.
UserMatchHistory
1 month
LinkedIn sets this cookie for LinkedIn Ads ID syncing.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Cookie
Duration
Description
_ga
2 years
The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_ga_S6SF7JZ2WY
2 years
This cookie is installed by Google Analytics.
_gat_UA-7828007-1
1 minute
A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. The pattern element in the name contains the unique identity number of the account or website it relates to.
_gcl_au
3 months
Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services.
_gid
1 day
Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
CONSENT
2 years
YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
vuid
2 years
Vimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Cookie
Duration
Description
_fbp
3 months
This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website.
fr
3 months
Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.
IDE
1 year 24 days
Google DoubleClick IDE cookies are used to store information about how the user uses the website to present them with relevant ads and according to the user profile.
personalization_id
2 years
Twitter sets this cookie to integrate and share features for social media and also store information about how the user uses the website, for tracking and targeting.
test_cookie
15 minutes
The test_cookie is set by doubleclick.net and is used to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE
5 months 27 days
A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSC
session
YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devices
never
YouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-device-id
never
YouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt.innertube::nextId
never
This cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::requests
never
This cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.