COVID-19 Bulletin: March 29

March 29, 2022 • Posted in COVID-19, Daily Bulletin

More news relevant to the plastics industry:

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Supply

  • Oil prices slid 7% Monday over fears of rising COVID-19 cases in China, which could dent demand up to 800,000 bpd next month, according to traders. In mid-morning trading today, WTI futures were down 3.7% at $102.00/bbl, Brent was down 3.7% at $108.40/bbl and U.S. natural gas was down 1.8% at $5.41/MMBtu. 
  • OPEC+ is expected to stick to a modest 432,000-bpd output increase for May when the group convenes this Thursday. 
  • Crude supplies in Cushing, Oklahoma, are at a four-year low as American producers send more oil to the Gulf Coast for export. 
  • U.S. LNG exports rose to a record 9.7 billion cubic feet per day last year, driven by demand in Europe and China:
U.S. exported record amounts of liquefied natural gas in 2021

Supply Chain

Domestic Markets

Asia-Pacific Airlines Still Far From Covid Recovery

International Markets

At M. Holland

  • Our next Plastics Reflections Web Series is tomorrow, March 30 at 1:00 pm CT. This event focused on the current and future state of the North American plastics industry will feature panelists from Business Publishing International, Jabil (Inc), LyondellBasell and M. Holland. Click here to learn more and register.
  • 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.
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