Spot PE pricing is dropping as suppliers are experiencing downward pressure in both pricing and demand globally.
Supply is opening; we are seeing more availability daily.
Polypropylene pricing is moving down based on a $0.04/lb. drop in the monomer settlement.
Suppliers are increasingly seeking more account-specific information about plant closures, essential business designations and forecasts; we have deployed our account managers in conducting daily surveys of our account base.
Chile extended its national quarantine until April 9.
Nigeria, one of Africa’s largest plastics markets, imposed a 14-day lockdown in major cities; ports remain operating.
We have begun paying a stipend to assist Mployees with internet and other costs associated with working from home.
Our Healthcare team, receiving many requests from molders called into service to make medical products, is organizing a “Molding for Medical” webinar to help clients understand resin selection, regulatory considerations and the approval process. More information to come.
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.