US Stock Movement | Dow Chemical continues to rise over 1% pre-market as global polyethylene supply tightens, upgraded to "Overweight" by institutions

格隆汇2026/03/05 09:32

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格隆汇 March 5｜After closing up 5.2% yesterday, Dow Chemical (DOW.US) continues to rise 1.27% in the US pre-market today, trading at $32.75. According to news, Aleksey Yefremov, a research analyst at KeyBanc Securities, stated that supply disruptions related to conflicts may affect a significant portion of global capacity. This could drive up prices for polyethylene and related products in the coming months. "Since approximately 11%–15% of global ethylene/polyethylene (PE) capacity is directly impacted by the US/Israel and Iran conflict, we are upgrading our ratings for Dow Chemical and LyondellBasell to 'Overweight'." (Gelonghui)

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The Manufacturing Purchasing Managers' Index (PMI) released by the Institute for Supply Management (ISM) in the United States rose by 1 point in October to reach 55.5, marking the second highest reading in more than four years and exceeding the market expectation of 54.7. The production index recorded its best performance since the end of 2021, while the new orders index, a key indicator of demand, also reached its highest level since July.

华尔街见闻•2026/11/02 18:26