MH Daily Bulletin: January 13

January 13, 2023 • Posted in Daily Bulletin

News relevant to the plastics industry:

At M. Holland

  • M. Holland is the headline sponsor for AMI’s Thermoplastic Concentrates in Orlando on Jan. 24-26. Stop by Booth #16 to speak with our experts and attend a talk on regulatory compliance changes by Christopher Thelen, M. Holland’s Senior Regulatory Specialist, on Jan. 24 at 4:20 pm.
  • M. Holland will be exhibiting at MD&M West in Anaheim on Feb. 7-9. Stop by Booth #4115 to meet our Healthcare team and discuss how M. Holland’s line of medical-grade resins can help you develop safe and effective medical products and packaging.


  • Oil gained 1.5% Thursday on news of further declines in U.S. inflation and optimism about economic recovery in China. Crude prices are on pace for a 6% gain this week.
  • In mid-morning trading today, WTI futures were up 0.7% at $78.97/bbl, Brent was up 0.5% at $84.47/bbl, and U.S. natural gas was down 3.5% at $3.57/MMBtu.
  • The White House indicated it is open to releasing more crude from strategic reserves should the need arise.
  • The cost of energy in the U.S. rose at a much slower 7.3% year-over-year pace in December, down from a 13.1% rise the previous month, according to the latest inflation data:
United States Energy Inflation

Supply Chain

Flags of Convenience Dominate Maritime Freight

Domestic Markets

  • The U.S. reported 63,240 new COVID-19 infections and 678 virus fatalities Thursday.
  • COVID-19 cases are up 90% the past two weeks in Florida.
  • Over 7,000 nurses at two New York City hospitals returned to work Thursday after reaching a deal to end a strike.
  • The U.S. cancer mortality rate has dropped by one-third over the past three decades due to changes in preventive measures and screening.
  • U.S. consumer prices unexpectedly fell 0.1% in December, the first month-over-month decline in 2.5 years, amid declining prices for gasoline, cars and other goods. Annual inflation, meanwhile, dropped to 6.5%, the sixth straight monthly slowdown.
Inflation Cools to 14-Month Low in December
  • The U.S.’s latest inflation data is likely to keep the Federal Reserve on track to reduce the size of interest-rate increases to 25 basis points at its next meeting on Feb. 1.
  • The U.S. government’s December budget deficit quadrupled from a year ago to $85 billion. Receipts shrank modestly but outlays grew to a new December record.
United States Government Budget

International Markets

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