COVID-19 Bulletin: March 2

March 2, 2022 • Posted in COVID-19, Daily Bulletin

More news relevant to the plastics industry:

Some sources linked are subscription services.

Supply

  • Global oil markets are reeling from war in Eastern Europe:
    • WTI surged over 8% Tuesday to settle at $103.41/bbl, while Brent rose 7% before closing at $104.97/bbl, the biggest one-day gains in almost two years. Futures continued climbing in early morning trading today, with WTI up 5.6% at $109.00/bbl, Brent up 5.8% at $111.00/bbl and U.S. natural gas 3.6% higher at $4.73/MMBtu.
Crude Oil WTI

Supply Chain

Baltic Dry Index from September 2017 to February 2022
  • A gauge of U.S. manufacturing order backlogs rose by 8.6 points from January to February, the largest jump in 11 years, while supplier delivery times slowed further. 
  • Operators of the Ports of Savannah, Wilmington and Jacksonville agreed to transition away from a multi-contributor chassis pool to a single provider over the next 18 months, an effort to update and expand chassis fleets. 
  • Toyota will restart production in Japan today after a cyberattack took down one of its suppliers, sparking concerns over the automaker’s supply chain vulnerabilities.
  • The Felicity Ace, which caught fire offshore Portugal in mid-February with hundreds of luxury vehicles on board, sank to the bottom of the Atlantic Ocean
  • A Philadelphia real estate firm is partnering with self-driving truck maker Embark Trucks to buy land near metro areas where autonomous trucks can move trailers to human-driven delivery vehicles. 

Domestic Markets

International Markets

  • The financial consequences of Russia’s invasion of Ukraine continue to spread:
Market price of key Russian companies on the London Stock Exchange during the Russia-Ukraine war in February 2022

At M. Holland

  • 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.

For all COVID-19 updates and notices, please refer to the M. Holland website.

Stay informed with industry trends and insights.

Stay informed with industry trends and insights.
This field is for validation purposes and should be left unchanged.