23 July 2012 11:01 [Source: ICIS news]
LONDON (ICIS)--European chemical stocks fell sharply on Monday, in line with financial markets, amid fears ?xml:namespace>
At 11:39 GMT, the
Despite the approval of a €100bn ($121bn) bailout package for Spain to recapitalise its financial institutions, the region of Murcia looks to follow in
With European indices trading lower, the Dow Jones Euro Stoxx Chemicals index was down by 1.25%, as shares in many of
Petrochemical major BASF’s shares had fallen by 1.31%, while fellow Germany-based chemical company LANXESS’ shares were trading down by 4.34%.
Shares in Germany-based fertilizer producer K+S and chemical firm Wacker Chemie were trading down by 0.40% and 3.14% respectively, while France-based Arkema’s shares were trading down by 2.50% from the previous close.
Norway-based fertilizer producer Yara International saw its shares fall by 1.18%.
Meanwhile, concerns that Spain's financial situation could have a negative impact on fuel demand, also forced down oil prices.
($1 = €0.83)
Additional reporting by Nurluqman Suratman
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