HOUSTON (ICIS)--Many US-listed shares of chemical companies rose on Thursday, even as the general stock market was mixed and oil prices rose slightly.
The table below shows the US-listed stocks followed by ICIS.
|$ Change||% Change|
|Axalta Coating Systems||24.43||-0.01||-0.04|
Canadian methanol producer Methanex was among the biggest gainer. The company had obtained changes to the terms of its debt that will give it covenant relief and more flexibility on its Geismar 3 methanol project in Louisiana.
During a webinar, ICIS Deputy Managing Editor Zachary Moore said that North American polyethylene (PE) producers saw stronger demand during the coronavirus than producers of many other chemicals and resins.
In oil markets, futures prices rose slightly, as shown in the following table.
The general stock market was mixed, as shown in the following table.
|Dow Jones Industrial Average||26,281.82||11.93||0.05|
|Dow Jones US Chemicals Index||617.58||3.73||0.61|
|S&P 500 Chemicals Industry Index||617.22||0.85||0.14|
For the week ending on 30 May, US jobless claims reached 1.88m, down by 249,000 from the previous week, according to the Department of Labor.
In Europe, bourses recouped some of the losses earlier on Thursday nearing the closing but remained in the red despite stimulus approved by the German cabinet and the European Central Bank (ECB).
In Asia, petrochemical shares were mixed on Thursday on fresh tensions between the US and China.
Click here to view the ICIS Coronavirus, oil price crash - impact on chemicals topic page.
Additional reporting by Jonathan Lopez and Nurluqman Suratman