MH Daily Bulletin: June 9

June 9, 2022 • Posted in Daily Bulletin

News relevant to the plastics industry:

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.

Supply

  • Oil prices jumped 2% to a 13-week high Wednesday on signs of rising demand in the U.S. and China. 
  • In mid-morning trading today, WTI futures were down 0.2% at $121.90/bbl and Brent was flat at $123.60/bbl. 
  • U.S. natural gas prices fell over 6% Wednesday following an explosion at a Texas export facility operated by Freeport LNG, which could force more supplies to be kept domestically. The facility, which provides around 20% of U.S. LNG processing, will be down for three weeks
Natural gas (USD/MMBtu)
  • In mid-morning trading today, U.S. natural gas futures fell another 5.1% to $8.26/MMBtu. 
  • U.S. crude inventories rose by a surprise 2 million barrels last week, according to the federal government. At 416.8 million barrels, inventories remain some 15% below the five-year average for this time of year, while emergency crude supplies are at a three-decade low
  • U.S. gasoline stocks fell by a surprise 800,000 barrels last week as demand rose despite record-high prices. 
  • The average U.S. gasoline price hit a record $4.955 a gallon Wednesday, according to AAA. 
Daily average regular gas and diesel prices in the United States throughout the war in Ukraine (in U.S. dollars)

Supply Chain

How Common Are Online Returns?

Domestic Markets

United States MBA Mortgage Applications

International Markets

Sea Levels Continue to Rise

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