Oil prices slid 7% Monday over fears of rising COVID-19 cases in China, which could dent demand up to 800,000 bpd next month, according to traders. In mid-morning trading today, WTI futures were down 3.7% at $102.00/bbl, Brent was down 3.7% at $108.40/bbl and U.S. natural gas was down 1.8% at $5.41/MMBtu.
The U.S. Surface Transportation Board is working through feedback from logistics providers on a proposal to expand reciprocal switching, which would compel rail companies to open their tracks for use by competitors.
FedEx’s supply chain unit is ending operations at four facilities in California, Pennsylvania and Tennessee this year as customers shift locations and gravitate to other providers as their contracts expire.
Our next Plastics Reflections Web Series is tomorrow, March 30 at 1:00 pm CT. This event focused on the current and future state of the North American plastics industry will feature panelists from Business Publishing International, Jabil (Inc), LyondellBasell and M. Holland. Click here to learn more and register.
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.
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