MH Daily Bulletin: May 25

May 25, 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

  • Oil prices moved little Tuesday for the second consecutive day. In mid-morning trading today, WTI futures were down 0.3% at $109.50/bbl, Brent was down 0.2% at $113.30/bbl, and U.S. natural gas was up 3.9% at $9.14/MMBtu. 
  • The White House said it would not rule out export restrictions to ease soaring domestic fuel prices. 
  • Travel during U.S. Memorial Day weekend is expected to be the busiest in two years despite record-high gas prices. 
  • U.S. crude stocks rose by 567,000 bpd last week, according to the American Petroleum Institute. Government data will be released today. 
  • Federal regulators approved three projects in the first quarter to increase U.S. natural gas exports via pipeline:
FERC approves new natural gas pipeline projects to increase U.S. exports

Supply Chain

Domestic Markets

International Markets

Germany GfK Consumer Climate

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