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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