Articles

Asian Companies Welcoming Gains, Turn Optimistic as the Virus Seems to Depart

by Chem Analyst Chemical Database Price

Asian Petrochemical sector witnessed a sudden rise in share values on high hopes of outbreak coming to an end after summiting to the highest record in the worst hit areas. The industry further underwent a sigh of relief with oil prices edging high after significant cuts in U.S. shale gas production this month. In addition, cautious optimism over the restart of production in several industrial sectors of India such as fertilizers, plastic manufacturing, automobile, rubber, agrochemicals and  electric and electronic equipment has also pushed the players to indulge in the market at the lowest point to incur gains post the struggle of Pandemic.

Visit more info: https://www.chemanalyst.com/NewsAndDeals/NewsHome

After termination of lockdown in China, major manufacturers resumed their production activities aiming to restart the trade dynamics to procure gains. Apart from China, manufacturers in other leading countries have also stepped up for the investment in shares of chemical and petrochemical market to secure their finances and to expand their involvement in business to strengthen the prolonged dull market dynamics of the Industry.

  • Mitsui Chemicals, a reputed chemical manufacturing company of Japan registered a rise in its share by 0.21 per cent.
  • South Korea’s Lotte Chemical incurred a prominent upsurge in shares by around 7 per cent.
  • Hang Sensex Index of Hong Kong was also up by 0.77 per cent.
  • Shares of a Japan based stock exchange company, Nikkei 225, rose by nearly 2 per cent.
  •  KOSPI Index of South Korea followed a rise in share by more than 1.69 per cent.

 

As per the analysts, the sudden rise in share values of Asian Petrochemical Sector is a ray of hope which would improve the demand outlook of commodities, eventually leading to active gains in their business segments by the second half of financial year.


U.S. Shares fell Underwent downfall in Share value


U.S market has reported a slump in shares of many of its players on the back of negotiations in a supply reduction agreement between OPEC and its allies. After consecutive rise in the last three sessions, the U.S. equity index incurred a slump on Monday as investors remained cautious against bearish market sentiments of commodities amid coronavirus outbreak. With ongoing preventive measures such as lockdowns and trade disruptions, analysts have anticipated corporate finances to plummet by more than 10 per cent in the first quarter of the current financial year.

Key Headlines

  • U.S. Chemical Companies’ Shares Fall while Asia’s Rise After OPEC+ Reduces Production Cut Targets
  • U.S. Refineries Shut or Induce Production Cuts in Tandem with Waning Oil Demand
  • Aramco Cuts Oil Prices for Asia Post the Historic Deal
  •  PetChem Curtails Output, Cuts Oleochemical Prices
  •  Hindalco Signs $2.8 Billion Deal to Acquire Aleris

 

Get the Chemical and Petrochemical Industry News on Daily Basis, Weekly-Trend & Forecast and Monthly-Analyst Views

Subscribe Today!

News on WhatsApp/WeChat/Mail

First 15 days free news

WhatsApp No. +91-9914868686

For sales related query, dial +91-9958299626 or email at sales@chemanalyst.com

About ChemAnalyst

ChemAnalyst is ‘one stop’ online portal that offers comprehensive market intelligence data and in-depth analysis on the Indian chemical and petrochemical industry. Our aim is to provide competitive advantage to the industry stakeholders by offering ‘cutting edge’ information and analysis that help our customers leverage on the emerging opportunities in their businesses.

ChemAnalyst’s team of 100+ analysts are engaged in tracking Chemical Prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst’s Interactive subscription platform provides the most comprehensive data and analysis in your industry to help you decide the future.

ChemAnalyst is promoted by TechSci Research (TSR). TSR is an award winning research based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more.

For more information, please visit us at

www.chemanalyst.com

Source: ChemAnalyst


Sponsor Ads


About Chem Analyst Junior   Chemical Database Price

2 connections, 0 recommendations, 8 honor points.
Joined APSense since, March 30th, 2020, From New York, United States.

Created on Apr 15th 2020 11:02. Viewed 99 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.