More COVID-19 news relevant to the plastics industry:
After yesterday’s historic drop, expiring May WTI prices returned to positive single-digit territory. The broader market slide continued in early trading today, with the WTI for June delivery down 41% at $11.95 and Brent crude down 28% at $18.31.
China has approached neighboring countries in Asia about easing restrictions on cross-border business travel.
Colombia extended its quarantine for two more weeks until May 11. At that time, they will reopen selected manufacturing and constructions sites, but will continue to bar international flights through the end of May.
The Mexican government announced that it has entered “Phase 3” of its COVID-19 epidemic, a period of rapid spread. The country was slower than others in imposing social-distancing restrictions.
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M. Holland is open for business, deemed essential and will continue to operate at full capacity. We have issued the following status statement:
In accordance with the guidance provided by the U.S. Department of Homeland Security Cybersecurity & Infrastructure Security Agency (CISA), M. Holland Company is considered a member of a critical infrastructure industry and will therefore remain operative. As such, with any necessary accommodations made to ensure the health and safety of our staff and business partners, we will continue to fully perform our normal business operations.
M. Holland Company
We will provide further COVID-19 bulletins as circumstances dictate. For all COVID-19 updates and notices, please refer to the M. Holland website.