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!
We are sponsoring MAPP’s Benchmarking & Best Practices Conference in Indianapolis on Oct. 5-7! If you’re planning to attend, don’t forget to stop by M. Holland’s booth and tune in for our session featuring Debbie Prenatt, Market Manager, Sustainability. Click here to read more.
Come see us at the IWCS Cable & Connectivity Industry Forum in Providence, Rhode Island, on Oct. 10-13! M. Holland is a Gold Sponsor. If you are attending, please stop by Booth #113 to discuss our materials and offerings serving the wire and cable market.
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.
Supply
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.
U.S. crude, gasoline and distillate inventories posted larger-than-expected declines last week in a sign of tightening supplies.
Oil demand from China is expected to rebound after the government increased import and export quotas, allowing refiners to source more crude to process for export:
Just 19 LNG vessels from the U.S. docked in China in the first eight months of the year, compared with 133 a year ago.
Class 8 truck orders skyrocketed in September to a record 53,700 units, as manufacturers opened bookings for 2023.
Ford will raise the price of its hugely popular electric F-150 by 11% next year due to rising costs.
Unionized Italian workers at Stellantis, Ferrari, Iveco and CNH Industrial are asking for wage increases next year to help cover soaring food and energy bills.
U.S. car haulers are asking lawmakers to raise road-weight limits amid rising transport of electric vehicles, whose batteries make them heavier than their gas-powered counterparts.
Small auto suppliers face years of peril in adapting to fading use of gas-powered cars and rising electric vehicle adoption.
GM dealers had 359,292 vehicles at the end of the third quarter, nearly triple the inventory from a year ago.
Demand for electric vehicles spurred a 4.6% rise in Britain’s new car registrations in September.
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.
Domestic Markets
The U.S. reported 70,991 new COVID-19 infections and 1,085 virus fatalities Wednesday.
The U.S. trade deficit narrowed by 4.3% to $67.4 billion in August, primarily on a decline in imports:
The U.S. services industry expanded in September, but at a slightly slower pace than in August, the ISM’s latest index shows. Separately, a measure of input costs fell to a 1.5-year low.
First-time jobless claims jumped over 13% last week to 219,000, the highest in five weeks, indicating possible softening in the labor market.
Eighteen U.S. retailers, including Bed Bath & Beyond, Party City and Wayfair, face a heightened risk of bankruptcy as demand slows and it grows harder to raise capital, according to researchers.
Wind turbine maker Siemens Gamesa fired the head of its onshore unit and will lay off 2,900 employees after reporting a 446 million euro loss in the three months to August.
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.
International Markets
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.”
We and selected third-parties use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL third-party cookies. For more details about cookies and how we use them, read the full Data Privacy Policy.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. For more details about cookies and how we use them, read the full Data Privacy Policy.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-advertisement
1 year
Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Cookie
Duration
Description
__cf_bm
30 minutes
This cookie, set by Cloudflare, is used to support Cloudflare Bot Management.
bcookie
1 year
LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID.
bscookie
1 year
LinkedIn sets this cookie to store performed actions on the website.
lang
session
LinkedIn sets this cookie to remember a user's language setting.
lidc
1 day
LinkedIn sets the lidc cookie to facilitate data center selection.
UserMatchHistory
1 month
LinkedIn sets this cookie for LinkedIn Ads ID syncing.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Cookie
Duration
Description
_ga
2 years
The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_ga_S6SF7JZ2WY
2 years
This cookie is installed by Google Analytics.
_gat_UA-7828007-1
1 minute
A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. The pattern element in the name contains the unique identity number of the account or website it relates to.
_gcl_au
3 months
Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services.
_gid
1 day
Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
CONSENT
2 years
YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
vuid
2 years
Vimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Cookie
Duration
Description
_fbp
3 months
This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website.
fr
3 months
Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.
IDE
1 year 24 days
Google DoubleClick IDE cookies are used to store information about how the user uses the website to present them with relevant ads and according to the user profile.
personalization_id
2 years
Twitter sets this cookie to integrate and share features for social media and also store information about how the user uses the website, for tracking and targeting.
test_cookie
15 minutes
The test_cookie is set by doubleclick.net and is used to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE
5 months 27 days
A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSC
session
YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devices
never
YouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-device-id
never
YouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt.innertube::nextId
never
This cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::requests
never
This cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.