Dallas, Texas 08/26/2013 (Financialstrend) – It had recently been reported by the American Chemistry Council that there were large number of factors which prove to drive the growth of the chemical exports in the United States. Such factors include growth of demand in the emerging markets, abundant presence of shale gas and favorable energy costs. It was further observed that the chemical companies were effectively leveraging on these factors to boost up their profits in the recent months. The Dow Chemical Company (NYSE:DOW) had reported skyrocketing profits for the recent quarter that ended on June 30, 2013 primarily owing to the company’s strength in the agricultural business, which was further boosted up by heavy demand for products of crop protection.
The company had been benefiting from its strong fundamental presence in the agriculture and food markets despite their challenges faced in the markets of Western Europe. Further, The Dow Chemical Company (NYSE:DOW) had also been heavily leveraging on their strong presence in the feedstock sector in the North American markets and on the heavy investments made in the markets of the United States and the Middle East. It is further worth noting that The Dow Chemical Company is well known for its continuous and innovative addition of products to the pipeline.
Shares of The Dow Chemical Company (NYSE:DOW) closed on Friday at $38.74 per share, which was observed to be an upward movement in prices by 4.17%. It was further observed that the stock’s intraday price movements were fluctuating in the range of $37.25 to $38.96 per share. On Friday, the stock had attracted around 16.49 million trades in its shares, while for the past 30 days of trading in the market the company had reported average trading volume at 6.94 million shares per day. The stock has a 52 week low of $27.45 and 52 week high of $38.96 per share.