MH Daily Bulletin: June 6

June 6, 2022 • Posted in Daily Bulletin

News relevant to the plastics industry:

At M. Holland

  • M. Holland is exhibiting during the WAI Operations Summit & Wire Expo on June 7-8 in Dallas, Texas. This event focused on wire and cable manufacturing offers industry forecasts, technical presentations, networking and more. Join us at Booth #621 to learn more about our supply solutions for wire and cable. 
  • Nick Chodorow has joined M. Holland as Chief Innovation Officer. In this role, Nick will lead efforts to enhance the company’s technology platforms and accelerate its digital journey. Click here to read the full press release.

Supply

  • Oil prices rose almost 2% Friday, with WTI notching its sixth weekly gain on tight U.S. supplies. 
  • Saudi Arabia raised Asia-bound crude prices by more than expected in response to higher demand from China, sending Brent futures above $120/bbl earlier today.
  • In mid-morning trading, WTI was down 0.3% at $118.50/bbl, Brent was down 0.2% at $119.50/bbl, and U.S. natural gas was up 9.1% at $9.30/MMBtu. 
  • A California gas station charged $9.60 a gallon for gasoline late last week, the highest in the nation. 
Daily average regular gas and diesel prices in the United States throughout the war in Ukraine (in U.S. dollars)

Supply Chain

NERC assessment highlights potential electricity reliability concern for central U.S.

Domestic Markets

International Markets

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