MH Daily Bulletin: May 24

May 24, 2022 • Posted in Daily Bulletin

News relevant to the plastics industry:

At M. Holland

  • M. Holland is excited to be the Headline Sponsor for the 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.
  • If you’re attending the Injection Molding & Design Expo in Detroit, check out M. Holland’s speakers during the show:
    • Haleyanne Freedman, M. Holland’s 3D Printing Market Manager, will be discussing Open Platform Adoption in Additive Manufacturing. Don’t miss her presentation in the Designing the Future Theater on Wednesday, May 25 at 4:00 pm ET.
    • Josh Blackmore, M. Holland’s Global Healthcare Manager, is facilitating a training seminar on Understanding Material Selection for Medical Devices, from Qualification to Approval. Mark your schedules for this session in the Training and Development Theater on Thursday, May 26 at 9:15 am ET.
  • M. Holland will be closed Monday, May 30 for the Memorial Day holiday.

Supply

  • Competing pressures held oil prices to a limited gain Monday. In mid-morning trading today, WTI futures were up 0.2% at $110.50/bbl, Brent was up 0.5% at $113.90/bbl, and U.S. natural gas was up 1.3% at $8.86/MMBtu. 
  • The White House is weighing an emergency release of diesel from a rarely used stockpile to help blunt rising prices, officials said. The average diesel price hit $6.43 a gallon in New England yesterday, up 78% on the year. 
U.S. retail diesel prices increase to over $6 per gallon in the Northeast

Supply Chain

Domestic Markets

International Markets

  • Shanghai remains on track to lift lockdowns on June 1 but said residents will need to scan mobile health apps to enter schools, parks, and office and residential buildings. 
Number of novel coronavirus COVID-19 cumulative confirmed and death cases in China from January 20, 2020 to May 22, 2022
Inflation Concerns Growing Around the World

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