HOUSTON (ICIS)--US-listed chemical stocks fell again as the Dow Jones Industrial Average fell by more than 2% on Thursday for the second day in a row.
The Dow closed at 25,052.83, down 545.91 points or 2.13%. The S&P 500 closed at 2728.37, down 57.31 points or 2.06%.
On Wednesday, the Dow Jones closed at 25,598.74, down 831.83 points or 3.15%. The S&P 500 fell by nearly 95 points. The NASDAQ Composite fell by 4.08%.
The declines come amid concerns about rising interest rates, a strengthening dollar, trade disputes, raw-material costs and a slowing automobile market.
Many of these worries were cited by PPG and Trinseo earlier this week in announcements that preceded their upcoming Q3 earnings releases.
PPG expects third-quarter adjusted earnings/share to fall year on year.
Trinseo expects its third-quarter income to fall below the guidance that it issued earlier in the year.
Most US-listed chemical stocks followed by ICIS fell for the second day.
The Dow Jones US Chemicals Index closed at 606.37, down 9.15 points or 1.49%.
US-based pine-chemicals producer Ingevity fell by the largest amount, declining by 4.04%. Carbon-black producer Cabot fell by 4.02%.
Like Wednesday, some stocks did increase. US-based fertilizer producer CF Industries was the biggest winner, rising by 1.93%. Mosaic, another fertilizer producer, rose by 1.76%.
The table below shows the performance of the US-listed stock followed by ICIS.
|$ Change||% Change|
|CF Industries Holdings Inc||51.31||0.97||1.93|
|The Mosaic Co||32.88||0.57||1.76|
|PQ Group Holdings Inc||15.63||0.07||0.45|
|Sociedad Quimica Y Minera De Chile SA ADR||42.84||0.01||0.02|
|LyondellBasell Industries NV||97.58||-0.04||-0.04|
|Enterprise Products Partners LP||28.53||-0.06||-0.19|
|The Chemours Co||35.59||-0.09||-0.25|
|Platform Specialty Products Corp||11||-0.04||-0.36|
|Westlake Chemical Corp||79.96||-0.31||-0.39|
|Westlake Chemical Partners LP||23.31||-0.22||-0.94|
|RPM International Inc||59.17||-0.67||-1.12|
|Calumet Specialty Products Partners LP||5.92||-0.07||-1.17|
|Venator Materials PLC||8.89||-0.11||-1.17|
|PBF Energy Inc Class A||50.23||-0.6||-1.18|
|Alerian MLP ETF||10.59||-0.13||-1.21|
|H.B. Fuller Co||46.5||-0.74||-1.57|
|Petroleo Brasileiro SA Petrobras ADR||14.86||-0.24||-1.59|
|DCP Midstream LP||41.83||-0.69||-1.62|
|Occidental Petroleum Corp||76.66||-1.26||-1.62|
|Ecopetrol SA ADR||25.27||-0.42||-1.63|
|Marathon Petroleum Corp||79.19||-1.46||-1.81|
|Braskem SA ADR repr Class A||27.73||-0.61||-2.15|
|Ashland Global Holdings Inc||75.38||-1.67||-2.17|
|Eastman Chemical Co||82.41||-1.83||-2.17|
|PPG Industries Inc||96.86||-2.74||-2.75|
|Kronos Worldwide Inc||15.41||-0.45||-2.84|
|Axalta Coating Systems Ltd||25.94||-0.82||-3.06|
|Valero Energy Corp||107.4||-3.44||-3.1|
|W R Grace & Co||66.1||-2.15||-3.14|
|Exxon Mobil Corp||81.6||-2.92||-3.45|
|Ultrapar Participacoes SA ADR||10.63||-0.38||-3.45|