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 fell half a percent Thursday after new lockdowns were announced in Shanghai, threatening demand.
In mid-morning trading today, WTI futures were down 0.1% at $121.40/bbl and Brent was off 0.5% at $122.50/bbl.
U.S. natural gas prices rose about 3% Thursday on news of unusually low inventories compared to the five-year average. In mid-morning trading, futures were down 2.1% at $8.77/MMBtu.
British natural gas prices spiked as much as 39% Thursday on news that Freeport’s fire-damaged export facility in Texas — which provides a fifth of all U.S. LNG exports — will shut down for three weeks. Benchmark EU prices also jumped.
The U.S. government expects natural gas prices to average $8.71/MMBtu this summer and remain high throughout the year:
Temperatures could reach 116 degrees in Phoenix this weekend as a dangerous heat wave envelops the U.S. Southwest. Power demand in Texas will hit all-time highs every day from now to Monday.
An oil spill closed shipping on a major route between Lake Superior and Lake Huron Thursday.
The U.S. marine economy shrank 5.8% in the first year of the pandemic, outpacing overall GDP losses, new government data shows.
Automation is shaping up to be a key issue in high-stakes contract negotiations between unionized dockworkers and West Coast shipping lines and cargo handlers.
U.S. ports and their tenants plan to invest almost $33 billion annually by 2025, according to the American Association of Port Authorities.
North European container ports say they are running at capacity with the peak shipping season still to come.
Out-of-stock rates for U.S. baby formula rose to 74% nationally for the week ended May 28.
Lumber prices fell to a nine-month low this week as U.S. mortgage demand plummeted.
China’s May exports jumped a larger-than-expected 16.9% from a year earlier as easing COVID curbs allowed some factories to restart.
Airbus saw its deliveries fall 6% in May from a year ago amid continued supply shortages.
Boeing’s Air Force One redesign will likely see further delays due to a shortage of mechanics.
Taiwan Semiconductor Manufacturing Co. warned it may not be able to increase production as quickly as hoped over the next two years due to manufacturing equipment shortages.
White House efforts to pass a $52 billion bill to boost domestic semiconductor production is at risk of stalling.
Orders for workplace robots in the U.S. increased a record 40% in Q1 compared to the same period in 2021, according to the Association for Advancing Automation.
Tesla’s Chinese production tripled in May even though its Shanghai factory only recently emerged from COVID lockdowns.
A surge in battery metal prices means it could take years for electric vehicles to become as affordable as conventional cars.
LG Energy Solution broke ground on nickel processing plants in Indonesia as part of its $9.8 billion plan to build electric-vehicle batteries in the country.
Truckload carrier Heartland Express acquired Pennsylvania-based Smith Transport for $170 million.
Tourist destinations Miami-Dade County in Florida, Honolulu County in Hawaii, and San Juan in Puerto Rico are experiencing the fastest infection rates in the nation and test positive rates exceeding 20%.
The White House will repurpose $10 billion in funding for COVID-19 tests and equipment to provide more antivirals and vaccines, as Congress stalls on approving more dollars.
Tesla electric vehicle (EV) registrations soared 52% in January-April from the same time a year ago, while Ford saw the most EV registrations in the mainstream segment.
Shanghai will lock down several city districts this weekend to mass test millions of people as COVID-19 cases continue to emerge, risking more disruption after a grueling two-month shutdown.
India added 7,240 new COVID-19 cases Thursday, the most since March.