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Give a Boost to Your Portfolio with These 4 Top Chemical Stocks -Breaking

by Mike Robinson

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© Reuters. Get a boost for your portfolio with these top chemical stocks

Last year, the COVID-19 epidemic brought an end to the chemical industry. However, an increase in manufacturing activity and increased export demand are flashing, positive indicators of the chemical industry’s revival. We believe it is now possible to add top chemicals LyondellBasell, (LYB), Westlake Chemical (NYSE:), Huntsman (NYSE:), and The Chemours (CC) to one’s portfolio. So, let’s examine these names.The chemical industry was hard hit by last year’s COVID-19 pandemic-fueled disruptions. The American Chemistry Council (ACC), however, reported that U.S. chemicals production increased in 2021 due to a surge in post-lockdown spending that boosted the demand for chemicals, and other products and materials.

With diverse uses for chemicals—ranging from assisting in the preservation and flavoring of foods to the production of soaps and increasing chemical usage in the automotive and construction industries—the industry is expected to grow substantially in the coming months. The U.S. is expected to see an increase of 3.2% in chemical volume. In 2022, capital expenditure in the chemistry sector is forecast to increase by 3.1%.

We believe it would be prudent to place your bets on chemical stocks that are fundamentally solid in this context LyondellBasell Industries N.V.

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