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 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)