COVID-19 Bulletin: March 2

March 2, 2022 • Posted in Daily Bulletin

More news relevant to the plastics industry:

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  • Global oil markets are reeling from war in Eastern Europe:
    • WTI surged over 8% Tuesday to settle at $103.41/bbl, while Brent rose 7% before closing at $104.97/bbl, the biggest one-day gains in almost two years. Futures continued climbing in early morning trading today, with WTI up 5.6% at $109.00/bbl, Brent up 5.8% at $111.00/bbl and U.S. natural gas 3.6% higher at $4.73/MMBtu.
Crude Oil WTI

Supply Chain

Baltic Dry Index from September 2017 to February 2022
  • A gauge of U.S. manufacturing order backlogs rose by 8.6 points from January to February, the largest jump in 11 years, while supplier delivery times slowed further. 
  • Operators of the Ports of Savannah, Wilmington and Jacksonville agreed to transition away from a multi-contributor chassis pool to a single provider over the next 18 months, an effort to update and expand chassis fleets. 
  • Toyota will restart production in Japan today after a cyberattack took down one of its suppliers, sparking concerns over the automaker’s supply chain vulnerabilities.
  • The Felicity Ace, which caught fire offshore Portugal in mid-February with hundreds of luxury vehicles on board, sank to the bottom of the Atlantic Ocean
  • A Philadelphia real estate firm is partnering with self-driving truck maker Embark Trucks to buy land near metro areas where autonomous trucks can move trailers to human-driven delivery vehicles. 

Domestic Markets

International Markets

  • The financial consequences of Russia’s invasion of Ukraine continue to spread:
Market price of key Russian companies on the London Stock Exchange during the Russia-Ukraine war in February 2022

At M. Holland

  • 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.

For all COVID-19 updates and notices, please refer to the M. Holland website.

Stay informed with industry trends and insights.

Stay informed with industry trends and insights.

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