US chem shares rise amid upbeat aerospace, housing news
Juhi Varma
29-Jun-2020
HOUSTON (ICIS)–US-listed shares of chemical companies rose with the general stock market on Monday, with positive news in aerospace and signs of a potential rebound in the housing market.
Stocks rallied despite a rise in coroanvirus cases prompting states to pause reopenings or reimpose restrictions, slowing the economy and curbing demand.
The following shows the US-listed shares followed by ICIS.
Name |
$ Current
Price | $ Change | % Change |
AdvanSix Inc | 11.7 | 0.69 | 6.27 |
Axalta Coating Systems Ltd | 22.18 | 0.75 | 3.5 |
Braskem SA ADR repr Class A | 8.59 | 0.24 | 2.87 |
Celanese Corp Class A | 85.39 | 2.61 | 3.15 |
Dow Inc | 41 | 1.22 | 3.07 |
DuPont de Nemours Inc | 52.47 | 1.05 | 2.04 |
Eastman Chemical Co | 69.32 | 2.04 | 3.03 |
H.B. Fuller Co | 44.43 | 1.93 | 4.54 |
Huntsman Corp | 17.8 | 0.15 | 0.85 |
Ingevity Corp | 51.67 | 4.36 | 9.22 |
Kraton Corp | 17.15 | 1.04 | 6.46 |
Kronos Worldwide Inc | 10.19 | 0.59 | 6.15 |
LyondellBasell Industries NV | 64.95 | 1.58 | 2.49 |
Methanex Corp | 18.13 | 0.08 | 0.44 |
NewMarket Corp | 396.95 | 10.31 | 2.67 |
Olin Corp | 11.28 | 0.44 | 4.06 |
PolyOne Corp | 26.01 | 0.82 | 3.26 |
PPG Industries Inc | 103.94 | 1.8 | 1.76 |
RPM International Inc | 73.87 | 2.37 | 3.31 |
Sherwin-Williams Co | 566 | 8.47 | 1.52 |
Stepan Co | 95.4 | 7.44 | 8.46 |
The Chemours Co | 15.31 | 0.48 | 3.24 |
Trinseo SA | 21.85 | 0.46 | 2.15 |
Tronox Holdings PLC | 7.03 | 0.47 | 7.16 |
Univar Solutions Inc | 16.57 | 0.57 | 3.56 |
Venator Materials PLC | 1.82 | 0.22 | 13.75 |
Westlake Chemical Corp | 54.07 | 1.39 | 2.64 |
The general stock market rose, as shown by the closing figures in the table below.
Name | 29 June | Change | % |
Dow Jones Industrial Average | 25,595.80 | 580.25 | 2.32 |
S&P 500 | 3,053.24 | 44.19 | 1.47 |
Dow Jones US Chemicals Index | 582.64 | 12.21 | 2.14 |
S&P 500 Chemicals Industry Index | 585.38 | 11.14 | 1.94 |
It was the Dow Jones Industrial Average’s largest jump since 5 June, when the index rose more than 3%.
CNBC said the jump was led by aerospace manufacturing company Boeing, whose shares rose as flight tests received government clearance.
Also, the National Association of Realtors (NAR) reported soaring pending home sales in May, signalling a potential rebound in the housing market.
In oil markets, crude futures rose amid positive economic data from Europe and Asia, as shown in the following table.
The table below shows oil prices in $/bbl.
Product | 29 June | 28 June | Change |
Brent August | 41.71 | 41.02 | 0.69 |
WTI August | 39.70 | 38.49 | 1.21 |
Traders remained unaffected by the rise in US coronavirus cases, which reached an all-time high on Monday.
The Centers for Disease Control and Prevention (CDC) reported an increase of 41,075 from Friday, totalling nearly 2.5m.
Click here to view the ICIS Coronavirus, oil price crash – impact on chemicals topic page.
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