Americas top stories: weekly summary
ICIS Editorial
23-Mar-2020
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 20 March.
Chem shares drop as Dow Jones falls 4.55%
US-listed chemical shares followed by ICIS fell sharply on Friday as oil prices resumed falling and volatility returned to the stock markets.The major indices followed by ICIS all fell by more than 3%.
PolyOne/Clariant masterbatch deal in doubt amid coronavirus crisis
The worsening coronavirus (Covid-19) crisis and likely recession could jeopardise PolyOne’s deal to acquire Clariant’s masterbatch business for $1.6bn.
US IPA prices soar on rising global demand and supply shortage
US isopropanol (IPA) prices surged this week on heavy demand for hand sanitizer during the coronavirus (Covid-19) crisis, and there are no quick fixes for either the strong demand or the shortages of product.
ICIS Webinar: US Q2 GDP plunge may reach 8%, crushing chem demand
The US economy could contract by 8% in Q2 as a result of the disruptions caused by the coronavirus (Covid-19) and the decline in oil prices, the chief economist of the American Chemistry Council said.
Stock markets break volatility streak, chems shares jump
US stock markets broke a record string of volatility on Thursday, with the major indices rising modestly after a long streak of violent swings.
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