NEW YORK, December 20, 2016 /PRNewswire/ --
The Chemical industry put up a decent performance in the first three quarters of 2016, benefiting from healthy demand across the automotive and housing sectors. According to a Zacks' report, the segment is in the process of gradual healing, which is expected to continue heading into 2017, supported by continued strength in the light vehicles market, positive trends in the construction space, and significant shale-linked capital investment. Pre-market, Stock-Callers.com has issued research reports on four Major Diversified Chemicals equities, namely: Air Products and Chemicals Inc. (NYSE: APD), Eastman Chemical Co. (NYSE: EMN), Praxair Inc. (NYSE: PX), and Tronox Ltd (NYSE: TROX). Sign up today and download for free the research reports for the stocks covered today at:
Air Products and Chemicals
On Monday, shares in Allentown, Pennsylvania headquartered Air Products and Chemicals Inc. recorded a trading volume of 759,600 shares. The stock ended at $147.72, rising 0.20% from the last trading session. The Company's shares have gained 7.04% in the last one month, 9.26% over the previous three months, and 25.03% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 6.29% and 9.35%, respectively. Furthermore, shares of Air Products and Chemicals, which provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide, have a Relative Strength Index (RSI) of 64.90.
On November 28th, 2016, Air Products announced that the Company and Grupa Azoty Zakłady Azotowe Kędzierzyn S.A., part of Grupa Azoty, the second largest producer of mineral fertilizers in the European Union, have signed a long-term contract for the delivery of oxygen and nitrogen. The agreement will remain valid until the end of 2035 and extends cooperation between the companies which dates back to 1997.
On December 05th, 2016, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'. APD complete research report is just a click away at:
Kingsport, Tennessee headquartered Eastman Chemical Co.'s stock finished yesterday's session 0.24% higher at $76.21 with a total trading volume of 887,485 shares. The Company's shares have gained 3.02% in the last one month, 19.31% over the previous three months, and 15.94% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.58% and 9.14%, respectively. Furthermore, shares of Eastman Chemical, which manufactures and sells materials, chemicals, and fibers in the US and internationally, have an RSI of 58.99.
On December 01st, 2016, Eastman Chemical's Board of Directors increased the quarterly cash dividend on its common stock by 11% from $0.46 to $0.51 per share. The dividend is payable January 03rd, 2017 to stockholders of record as of December 15th, 2016. The complimentary report on EMN can be downloaded at:
At the closing bell on Monday, shares in Danbury, Connecticut headquartered Praxair Inc. climbed 0.42%, ending the day at $123.00. The stock recorded a trading volume of 790,840 shares. The Company's shares have advanced 6.44% in the last one month, 5.24% over the previous three months, and 23.33% on an YTD basis. The stock is trading 4.05% above its 50-day moving average and 7.00% above its 200-day moving average. Moreover, shares of Praxair, which produces, sells, and distributes atmospheric, process, and specialty gases, as well as surface coatings in North America, Europe, South America, and Asia, have an RSI of 59.55.
On December 19th, 2016, Praxair announced that it has started up its carbon dioxide purification and liquefaction plant at Delaware City Refining Company's facility in Delaware City, Delaware. The 450-ton-per-day plant is producing food and beverage quality liquid carbon dioxide for distribution to the Northeastern US merchant market. Sign up for your complimentary report on PX at:
Stamford, Connecticut-based Tronox Ltd's stock ended the day 0.88% higher at $11.50. A total volume of 1.11 million shares was traded, which was above their three months average volume of 948,410 shares. The Company's shares have gained 15.81% in the last month, 33.41% over the previous three months, and 194.12% since the start of this year. The stock is trading 16.79% and 54.07% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Tronox, which produces and markets titanium bearing mineral sands and titanium dioxide pigment in North America, Europe, South Africa, and the Asia/Pacific region, have an RSI of 59.53.
On December 08th, 2016, Tronox announced price increases effective January 01st, 2017 or as contracts allow, for all Tronox titanium dioxide (TiO2) grades of: US$0.07 per pound in North America; €150 per metric ton or $160 per metric ton in US dollar markets in European, Middle Eastern, and African markets; and US$150 per metric ton in Asia/Pacific and Latin American markets. Download the research report for free on TROX at:
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