Most US chem shares rise amid easing lockdown measures, news of reopenings
Juhi Varma
02-Jun-2020
HOUSTON (ICIS)–Most US-listed shares of chemical companies rose on Tuesday with the general stock market.
Despite social unrest and race protests in many US states, the market found optimism in news of lockdown rollbacks and economies reopening.
US oil producers expect that energy demand will continue rising as lockdown restrictions are lifted.
The table below shows oil prices in $/bbl.
Product | Latest | Previous | Change |
Brent August | 39.57 | 38.32 | 1.25 |
WTI July | 36.81 | 35.44 | 1.37 |
The following shows the US-listed shares followed by ICIS.
Name | $ Current Price | $ Change | % Change |
AdvanSix Inc | 12.75 | 0.64 | 5.28 |
Axalta Coating Systems Ltd | 23.33 | 0.03 | 0.13 |
Braskem SA ADR repr Class A | 11.39 | 0.97 | 9.31 |
Celanese Corp Class A | 92.63 | 3.29 | 3.68 |
Dow Inc | 40.6 | 1.99 | 5.15 |
DuPont de Nemours Inc | 52.65 | 1.77 | 3.48 |
Eastman Chemical Co | 70.93 | 2.37 | 3.46 |
H.B. Fuller Co | 39.86 | 1.69 | 4.43 |
Huntsman Corp | 18.88 | 0.45 | 2.44 |
Ingevity Corp | 56.3 | 2.69 | 5.02 |
Kraton Corp | 16.19 | 0.81 | 5.27 |
Kronos Worldwide Inc | 10.05 | 0.19 | 1.93 |
LyondellBasell Industries NV | 68.39 | 3.05 | 4.67 |
Methanex Corp | 18.04 | 0.4 | 2.27 |
NewMarket Corp | 428.76 | -1.41 | -0.33 |
Olin Corp | 13.28 | 0.76 | 6.07 |
PolyOne Corp | 26.79 | 1.2 | 4.69 |
PPG Industries Inc | 107.52 | 4.15 | 4.01 |
RPM International Inc | 75.18 | 1.08 | 1.46 |
Sherwin-Williams Co | 597.11 | 14.65 | 2.52 |
Stepan Co | 98.77 | 1.63 | 1.68 |
The Chemours Co | 14.23 | 0.66 | 4.86 |
Trinseo SA | 21.83 | 0.83 | 3.95 |
Tronox Holdings PLC | 7.05 | 0.04 | 0.57 |
Univar Solutions Inc | 16.44 | 0.61 | 3.85 |
Venator Materials PLC | 1.53 | 0.16 | 11.68 |
Westlake Chemical Corp | 51.22 | 3.02 | 6.27 |
The general stock market rose, as shown in the table below.
Name | 2 June | Change | % |
Dow Jones Industrial Average | 25,742.65 | 267.63 | 1.05 |
S&P 500 | 3,080.82 | 25.09 | 0.82 |
Dow Jones US Chemicals Index | 597.05 | 13.03 | 2.23 |
S&P 500 Chemicals Industry Index | 601.12 | 13.26 | 2.26 |
US May ethylene contracts settled at an increase of 3.5 cents/lb on higher spot prices and cash costs, after a six-month decline.
Latin American polyethylene terephthalate (PET) markets weakened as the pandemic lingers.
The American Chemistry Council (ACC) plans to renew and refresh its flagship Responsible Care programme focusing on health, safety and environment (HSE) in a rapidly changing political and social landscape, its CEO Chris Jahn said.
In Europe, chemicals stocks rallied amid jumps of nearly 4% for Germany’s DAX index and strong bumps for other bourses in the region as gathering economic momentum overpowered geopolitical unease and a week of protests in the US.
Asian petrochemical shares were mostly higher on Tuesday as muted action from the US president on the dispute with China over Hong Kong raised further hopes of a global economic recovery.
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