Chemicals Could See Up-Tick on China Easing
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Industrial stocks with exposure to the chemicals might be an interesting area. According to a Morgan Stanley report, near-term loosening China monetary policy may lead increased demand for chemicals.
The Morgan Stanley report cites a decline in inventory in the first quarter of 2012. They also think underlying Polyethylene demand is likely to exceed market expectations.
Traders can get exposure to chemical stocks by purchasing iShares Dow Jones U.S. Basic Materials Index Holdings (NYSE: IYM), which has an 8.4 percent weighting of Dow Chemical Co (NYSE: DOW).
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The Morgan Stanley report cites a decline in inventory in the first quarter of 2012. They also think underlying Polyethylene demand is likely to exceed market expectations.
Traders can get exposure to chemical stocks by purchasing iShares Dow Jones U.S. Basic Materials Index Holdings (NYSE: IYM), which has an 8.4 percent weighting of Dow Chemical Co (NYSE: DOW).
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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