Sector Glance: Chemicals end mixed |
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Wed, 18 Apr 2007 21:39
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NEW YORK (AP) - Chemical producer stocks ended mixed Wednesday, after Dow Chemical Co. said it will form a joint venture in Libya to operate and expand a petrochemical complex.Libya is trying to attract foreign investment to its economy, and Dow said it's the first global chemical company to participate in such development of its petrochemical industry.Celanese Corp., meanwhile, said a subsidiary is forming a joint venture in China to make neodecanoic acid, which is used to make a range of applications, such as coatings and adhesives.Here is how some chemical companies finished in New York Stock Exchange trading:Dow Chemical, slipped 22 cents to end at $45.30.Celanese gained 99 cents, or 3.1 percent, to $33.39, after earlier hitting an all-time high of $33.67.Eastman Chemical Co. slipped 47 cents, to $65.41.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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