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Chemical Week Magazine :: CW75 Stock Performance
CW75 Stock Performance
12:05 PM MDT | April 1, 2008 | Chemical Week Editorial Staff
The CW75 Index fell 1% for the week ending March 25, lagging behind broader market indexes. Basic chemical stocks fell 5.3%, while diversified and specialty chemical shares were flat. The tone across the basic chemical sector is “somber” because of “the prospect for an earnings trough in 2010-11,” says Goldman Sachs (Houston) analyst Robert Koort. Low-cost basic chemical capacity expansions in the Mideast, coupled with weak U.S. demand and rising feedstock costs they “suggest rough going for petrochemical producers,” Koort...
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