M. Holland is excited to be the Headline Sponsor for the upcoming Injection Molding & Design Expo in Detroit! This two-day trade show will highlight the latest technologies, materials, equipment and opportunities in injection molding. The event is May 25-26 and admission is free. Click here to learn more.
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.
Oil prices fell 4% Monday to their lowest level in two weeks, a reaction to demand slowdowns in COVID-hit China. Prices are down 25% since hitting a 14-year high in early March.
In mid-morning trading today, WTI futures were up 0.5% at $99.07/bbl, Brent was up 0.5% at $102.80/bbl, and U.S. natural gas was up 2.8% at $6.85/bbl.
Hapag-Lloyd was fined over $820,000 for a spate of U.S. demurrage and detention violations.
Over 230 container ships were queued outside China’s Shanghai and Ningbo ports last week, a 35% increase from the same time last year. Ships are burning more fuel while idling and filling up at nearby ports, causing demand to drop sharply in Singapore, the world’s largest bunker hub.
Four in 10 small U.S. businesses say they plan to raise prices by at least 10% this year to account for inflation. In a separate survey, over 90% believe inflation, logistics disruptions and labor shortages are negatively impacting business.
U.S. home prices were up 19.8% in the 12 months ending in February as price inflation accelerated.
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