Plastics News interviewed experts at M. Holland about how material and chemical suppliers are working to meet automotive OEM demands for both electric and internal combustion vehicles amid an ongoing market shift. Click here to read the article!
At our Plastics Reflections Web Series event on Oct. 13, M. Holland will host panelists from Maersk and Bank of America to discuss the macroeconomic factors influencing global and domestic economies, including impacts on the plastics industry. Click here to register!
M. Holland’s latest press release features our post-consumer recycled (PCR) resins, which are cleaner and easier to color, enabling brand owners and OEMs to meet aggressive sustainability goals. Click here to read the full press release.
Oil rose 1.5% to three-week highs on Wednesday after OPEC+ agreed to its steepest production cuts since early 2020. The White House criticized the move and suggested it could release more fuel from strategic reserves to stabilize markets.
In mid-morning trading today, WTI futures were up 0.8% at $88.45/bbl, Brent was up 0.8% at $94.10/bbl, and U.S. natural gas was up 2.2% at $7.08/MMBtu.
Europe’s meat and dairy production will fall this year amid drought, disease outbreaks and rising costs. Skyrocketing egg prices have already forced some food companies to lower output or change recipes.
The U.S. reported 70,991 new COVID-19 infections and 1,085 virus fatalities Wednesday.
Cloud service sales are falling as more companies become mired in a web of multiple providers and higher-than-expected costs.
Health insurance companies are set to raise prices next year faster than the projected increase in medical costs, adding pressure on U.S. employers already facing severe inflation.
A decline in euro zone business activity deepened last month, with S&P Global’s composite PMI falling to a 20-month low of 48.1.
British private-sector activity hit a 22-month low in September as the nation’s cost-of-living crisis worsened. Ratings agency Fitch lowered the outlook for U.K. government debt from “stable” to “negative.”
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