The coronavirus (COVID-19) pandemic had a measurably negative impact on the stock price of commodity chemical companies worldwide in February and March 2020 when compared to January 2020.
The average stock decline of commodity chemicals companies with a medium-range revenue (between 500 million and five billion U.S. dollars in annual revenue) in February and March 2020 compared to January 2020 was 17 percent.
Commodity chemicals refers to a group of chemicals that are created on a very large scale in order to satisfy the global market demand for them, such as ethylene. Some of the main companies in this industry include BASF, LyondellBasell, and SABIC.
Impact of coronavirus (COVID-19) on stock price of commodity chemical companies worldwide from January to March 2020 by revenue category
(in percent)
Characteristic
Average stock price decline
Total
-17%
Large revenue companies (>5 billion U.S. dollars per year)
-16%
Medium revenue companies
-17%
Small revenue companies (<500 million U.S. dollars per year)
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PwC. (April 30, 2020). Impact of coronavirus (COVID-19) on stock price of commodity chemical companies worldwide from January to March 2020 by revenue category (in percent) [Graph]. In Statista. Retrieved November 13, 2024, from https://www.statista.com/statistics/1117784/coronavirus-impact-on-commodity-chemical-companies-stock-price-by-revenue-class/
PwC. "Impact of coronavirus (COVID-19) on stock price of commodity chemical companies worldwide from January to March 2020 by revenue category (in percent)." Chart. April 30, 2020. Statista. Accessed November 13, 2024. https://www.statista.com/statistics/1117784/coronavirus-impact-on-commodity-chemical-companies-stock-price-by-revenue-class/
PwC. (2020). Impact of coronavirus (COVID-19) on stock price of commodity chemical companies worldwide from January to March 2020 by revenue category (in percent). Statista. Statista Inc.. Accessed: November 13, 2024. https://www.statista.com/statistics/1117784/coronavirus-impact-on-commodity-chemical-companies-stock-price-by-revenue-class/
PwC. "Impact of Coronavirus (Covid-19) on Stock Price of Commodity Chemical Companies Worldwide from January to March 2020 by Revenue Category (in Percent)." Statista, Statista Inc., 30 Apr 2020, https://www.statista.com/statistics/1117784/coronavirus-impact-on-commodity-chemical-companies-stock-price-by-revenue-class/
PwC, Impact of coronavirus (COVID-19) on stock price of commodity chemical companies worldwide from January to March 2020 by revenue category (in percent) Statista, https://www.statista.com/statistics/1117784/coronavirus-impact-on-commodity-chemical-companies-stock-price-by-revenue-class/ (last visited November 13, 2024)
Impact of coronavirus (COVID-19) on stock price of commodity chemical companies worldwide from January to March 2020 by revenue category (in percent) [Graph], PwC, April 30, 2020. [Online]. Available: https://www.statista.com/statistics/1117784/coronavirus-impact-on-commodity-chemical-companies-stock-price-by-revenue-class/
