US chems shares fall with general market
Al Greenwood
19-May-2020
HOUSTON (ICIS)–Most US-listed chemical shares followed by ICIS fell on Tuesday, following the trend of the general stock markets.
The table below shows the general indices followed by ICIS.
| 19-May | Change | % | |
| Dow Jones Industrial Average | 24,206.86 | -390.51 | -1.59 |
| S&P 500 | 2,922.94 | -30.97 | -1.05 |
| Dow Jones US Chemicals Index | 544.06 | -6.13 | -1.11 |
| S&P 500 Chemicals Industry Index | 550.30 | -6.14 | -1.10 |
The table below shows the US-listed companies followed by ICIS.
|
$
Current Price | $ Change | % Change | |
| AdvanSix | 11.01 | -0.41 | -3.59 |
| Axalta Coating Systems | 21.10 | 0.10 | 0.45 |
| Braskem | 9.17 | -0.22 | -2.34 |
| Celanese | 83.89 | -0.42 | -0.50 |
| Dow | 35.71 | -1.04 | -2.82 |
| DuPont | 47.95 | -0.16 | -0.32 |
| Eastman | 63.51 | 0.58 | 0.92 |
| HB Fuller | 36.21 | 0.54 | 1.51 |
| Huntsman | 16.34 | -0.49 | -2.91 |
| Ingevity | 49.70 | -1.25 | -2.45 |
| Kraton | 12.72 | -0.55 | -4.14 |
| Kronos Worldwide | 8.65 | -0.11 | -1.26 |
| LyondellBasell | 58.06 | -1.32 | -2.21 |
| Methanex | 16.82 | -0.30 | -1.75 |
| NewMarket | 417.25 | -6.87 | -1.62 |
| Olin | 11.41 | -0.52 | -4.32 |
| PolyOne | 22.65 | -0.84 | -3.58 |
| PPG | 93.28 | 1.43 | 1.56 |
| RPM International | 69.20 | -0.49 | -0.70 |
| Sherwin-Williams | 564.98 | -7.27 | -1.27 |
| Stepan | 90.23 | -0.80 | -0.88 |
| Chemours | 12.39 | -0.28 | -2.21 |
| Trinseo | 18.63 | -0.68 | -3.52 |
| Tronox | 6.48 | -0.09 | -1.30 |
| Univar | 13.69 | -0.52 | -3.66 |
| Venator Materials | 1.43 | 0.03 | 2.14 |
| Westlake Chemical | 42.12 | -1.79 | -4.07 |
Brent oil futures fell while those for the West Texas Intermediate (WTI) rose, as shown in the following table.
| 19-May | 18-May | % | |
| Brent | 34.65 | 34.81 | -0.46 |
| WTI | 32.5 | 31.82 | 2.14 |
In US chemical markets, June phthalic anhydride (PA) prices rolled over.
In Europe, chemical stocks rose following some positive economic news.
The Zew index for economic sentiment in Germany recovered in May, and analysts are starting to assume the country’s management of the pandemic and lockdown lifting, already three weeks ago, would help it recover “earlier and stronger”.
Spanish chemicals trade group FEIQUE said to ICIS this week rescue packages for automobile and construction are indispensable to save chemicals, which has been one of the best performing manufacturing sectors in the country post-financial crisis.
In Asia, petrochemical shares rose amid hopes of a quick economic recovery and news of the progress in a coronavirus vaccine.
Additional reporting by Antoinette Smith, Jonathan Lopez and Nurluqman Suratman
Visit the ICIS coronavirus topic page for analysis of the impact on chemical markets and links to latest news.
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