US chem stocks post more losses as Dow Jones falls 2.11%

HOUSTON (ICIS)–US-listed chemical stocks posted their second large loss on Monday as the Dow Jones Industrial Average fell by 2.11%.

The index closed at 23,592.98, down by 507.53 points. On Friday, it fell by 2.02%.

The S&P 500 closed at 2,545.94, down by 54.01 points or 2.08%.

The S&P and Dow Jones are in corrections.

The Russell 2000 index, which follows smaller companies, closed down by more than 20% from its previous high, putting it in a bear market.

The Dow Jones US Chemicals Index closed at 555.75, down 9.36 points or 1.66%. It has fallen deeper into a bear market.

The S&P 500 Chemicals Industry Index is less than a point away from a bear market.

Several factors are weighing on the stock market. Major economies outside of the US continue to slow. Trade disputes fester. Investors are worried about rising interest rates, with the Federal Reserve expected to increase them once more this week. The financial media is raising concerns about yield curve inversions, which could presage future downturns.

Even in the US, an increasing number of signs point to a slowing economy.

The NAHB/Wells Fargo Housing Market Index (HMI) for December was 56, the lowest reading since May 2015.

The index is yet another indicator of the slowing US housing market. Likewise, US automobile sales are also down.

Another index measuring general business in New York state fell by 12 points to 10.9. The Federal Reserve Bank of New York, one of the regional banks of the US Federal Reserve, calculates the index from its monthly Empire State Manufacturing Survey.

For chemicals, nearly every US-listed company followed by ICIS fell, with several declines exceeding 2%.

The following table shows the performance of the stock followed by ICIS.

Name	$ Current Price	$ Change	% Change
Linde PLC	157.23	1.13	0.72
Westlake Chemical Corp	65.01	0.38	0.59
LyondellBasell Industries NV	82.19	-0.15	-0.18
Huntsman Corp	18.22	-0.08	-0.44
Ultrapar Participacoes SA ADR	12.55	-0.07	-0.55
RPM International Inc	59.91	-0.53	-0.88
Valero Energy Corp	72.58	-0.72	-0.98
Phillips 66	85.86	-0.97	-1.12
PBF Energy Inc Class A	31.80	-0.39	-1.21
FMC Corp	76.27	-0.95	-1.23
Eastman Chemical Co	70.51	-0.99	-1.38
Trinseo SA	44.78	-0.64	-1.41
H.B. Fuller Co	39.85	-0.62	-1.53
Kronos Worldwide Inc	10.86	-0.17	-1.54
Occidental Petroleum Corp	64.10	-1.00	-1.54
Olin Corp	19.71	-0.31	-1.55
Petroleo Brasileiro SA Petrobras ADR	13.19	-0.21	-1.57
Bunge Ltd	57.89	-0.94	-1.60
CF Industries Holdings Inc	41.37	-0.69	-1.64
Marathon Petroleum Corp	58.87	-1.00	-1.67
Ecopetrol SA ADR	18.03	-0.33	-1.80
Kraton Corp	21.83	-0.43	-1.93
Axalta Coating Systems Ltd	21.78	-0.45	-2.02
Exxon Mobil Corp	74.04	-1.54	-2.04
DowDuPont Inc	51.68	-1.10	-2.08
PolyOne Corp	28.11	-0.61	-2.12
Cosan Ltd	8.20	-0.20	-2.38
Tronox Ltd	7.31	-0.18	-2.40
Sherwin-Williams Co	376.51	-9.49	-2.46
Braskem SA ADR repr Class A	24.19	-0.63	-2.54
Valvoline Inc	18.79	-0.51	-2.64
Celanese Corp	84.40	-2.29	-2.64
W R Grace & Co	59.60	-1.62	-2.65
The Mosaic Co	30.07	-0.86	-2.78
Alerian MLP ETF	9.23	-0.27	-2.84
Ecolab Inc	149.63	-4.38	-2.84
PQ Group Holdings Inc	13.88	-0.41	-2.87
NewMarket Corp	382.64	-11.47	-2.91
Nutrien Ltd	45.61	-1.37	-2.92
PPG Industries Inc	97.13	-3.01	-3.01
Enterprise Products Partners LP	25.04	-0.81	-3.13
Ashland Global Holdings Inc	70.68	-2.29	-3.14
Cabot Corp	42.35	-1.42	-3.24
Sociedad Quimica Y Minera De Chile SA ADR	41.27	-1.41	-3.30
The Chemours Co	27.00	-0.92	-3.30
Stepan Co	74.65	-2.60	-3.37
AdvanSix Inc	23.97	-0.87	-3.50
Ingevity Corp	79.79	-3.19	-3.84
Methanex Corp	49.29	-2.06	-4.01
Platform Specialty Products Corp	10.46	-0.45	-4.12
DCP Midstream LP	31.57	-1.40	-4.25
Westlake Chemical Partners LP	20.99	-0.96	-4.37
Albemarle Corp	80.51	-4.46	-5.25
Venator Materials PLC	3.65	-0.22	-5.68
Calumet Specialty Products Partners LP	2.40	-0.26	-9.77

Source: Morningstar

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