LyondellBasell (LYB) Falters 7.5% on US-Iran Ceasefire

LyondellBasell Industries NV (NYSE:LYB) is one of the 10 Stocks Investors Are Dumping Right Now.

LyondellBasell dropped its share prices by 7.53 percent on Wednesday to close at $74.22 apiece, as investors sold off positions after a ceasefire between the US and Iran, whose war gave a much-needed boost to the industry for weeks.

The stock fell alongside its counterparts, including CF Industries, after President Donald Trump announced that Washington and Iran shook hands for a two-week ceasefire on the condition that Iran reopen the Strait of Hormuz.

LYB

LyondellBasell’s propylene oxide (PO) and tertiary butyl alcohol (TBA) plant. Photo by LyondellBasell

It can be recalled that chemical manufacturers, including LyondellBasell Industries NV (NYSE:LYB), benefited from more than a month of missile strikes due to supply disruptions that sent prices of their commodities higher.

In other news, LyondellBasell Industries NV (NYSE:LYB) said that it would announce the results of its earnings performance for the first quarter of the year before market open on Friday, May 1. A conference call will be held to discuss the results.

Earlier, LyondellBasell Industries NV (NYSE:LYB) posted a cautiously optimistic outlook for the first quarter of the year, amid the volatility in feedstock and energy prices.

In North America, tight year-end inventories, reduced supply due to winter storm Fern and stronger seasonal demand were expected to support prices of polyethylene.

In Europe, it is expected that seasonal trends will lead to improved demand.

Meanwhile, oxyfuel profitability was expected to normalize following a volatile 2025 with typical seasonal margin improvements toward the end of the first quarter.

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