Commodity Chemicals

Weekly Bars Prepared by Jamie Saettele, CMT Keep abreast of the longer term picture in Crude, which is quite clear. The rally from the 2009 low is in 3 waves (which is corrective) and the 2 bull legs of the move are roughly equal. The decline from the ytd high is not impulsive but the drop...

Fuwei Films Co., Ltd. (Nasdaq: FFHL)today announced that its wholly-owned subsidiary, Fuwei Films (Shandong) Co., Ltd. will actively respond to the antidumping sunset review of BOPET film conducted by the Ministry of Strategy and Finance, Republic of Korea. On June 22, 2011, Ministry of Strategy...

Below are the top specialty chemicals stocks on the NYSE in terms of PEG ratio. OMNOVA Solutions Inc (NYSE: OMN) has a PEG ratio of 0.26. OMN's trailing-twelve-month ROE is 102.67%. Chemspec International Limited (NYSE: CPC) has a PEG ratio of 0.34. CPC's trailing-twelve-month operating margin is...

Koppers Inc., a subsidiary of Koppers Holdings Inc. (NYSE: KOP), and FirstEnergy Corp. ("FirstEnergy") have agreed to a five-year contract that begins June 16, 2011, and continues through June 15, 2016. Under the terms of the agreement Koppers will provide treated utility poles to FirstEnergy...

Below are the top small-cap synthetics stocks on the NYSE and the NASDAQ in terms of profit margin. The trailing-twelve-month profit margin at NL Industries Inc (NYSE: NL) is 65.46%. NL's ROE for the same period is 37.10%. The trailing-twelve-month profit margin at PolyOne Corporation (NYSE: POL...

Morgan Stanley has discontinued coverage on the following companies: Albemarle (NYSE: ALB) Eastman Chemical (NYSE: EMN) Celanese (NYSE: CE) Kraton Performance (NYSE: KRA) LyondellBasell (NYSE: LYB) DuPont (NYSE: DD) Dow Chemical (NYSE: DOW) PPG Industries (NYSE: PPG) Praxair (NYSE: PX) Sherwin-...

Fuwei Films (Nasdaq: FFHL) today announced that its wholly-owned subsidiary, Fuwei Films (Shandong) Co., Ltd. signed a letter of intent on PETG heat shrinkable label film supply for the second half of this year with China Bottlers Procurement Consortium, the authorized procurement service provider...

Arabian American Development Co. (Nasdaq: ARSD) today announced that the Arab Mining Company (ARMICO) has invested US $37.3 million, acquiring five million shares, or 10% interest in Al-Masane Al-Kobra Mining Company (AMAK). This capital provides AMAK with the financing necessary to start full...

Daily Bars Prepared by Jamie Saettele, CMT Recent comments were “favor the downside as long as price is below the trendline.” Crude has blasted through its trendline (and 20 day average), which leaves weakness from the May high as a 3 wave correction. The implications are bullish as long...

Celanese Corporation (NYSE: CE) announced today that its subsidiary, Celanese EVA Performance Polymers Inc., will increase the price of all grades of Ateva® EVA by $0.08/pound and all grades of LDPE by $0.06/pound effective August 1, 2011, or as contracts allow.

Below are the top mid-cap specialty chemicals stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next year. The earnings estimate for NewMarket Corp (NYSE: NEU) for the next year ending December, 2012 is $15.62 per share. NEU's PEG ratio is 0.90. Lubrizol Corporation (The) (...

Kronos Worldwide, Inc. (NYSE: KRO) today announced a price increase for all titanium dioxide products sold in North America. Effective July 1, 2011, or as permitted by contract, prices for all Kronos® titanium dioxide products sold in North America will be increased by a minimum of 35 cents per...

Among the stocks that are moving higher in the after hours session on Tuesday are Sealy Corp. (NYSE: ZZ), Bank of America (NYSE: BAC), Celanese Corp. (NYSE: CE) and Janus Capital Group (NYSE: JNS), Cirrus Logic (NASDAQ: CRUS), and Glu Mobile (NASDAQ: GLUU). Sealy (ZZ) has jumped 6.40% to $2.66...

Shares of Western Digital Corporation (NYSE: WDC) are higher on the session by 1.03%, trading at $35.26. Overall put volume is now running at 2.93x the daily average, with 3% of all puts traded being purchases on the offer. 4,237 contracts have traded on the session so far. Western Digital...

60 Minute Bars Prepared by Jamie Saettele, CMT Crude has nearly reached the February low (2011 low) of 89.55 and additional weakness would shift focus to the 100% extension of the decline from 115.68, at 82.63. Near term, it is possible that the recent plunge completed a small 5th wave...