Commodity Chemicals Surge +6.32% | DOW, LYB, WLK,CBT & MEOH Lead the Rally

TigerPicks
02-05 17:30

The Commodity Chemicals sector rose sharply at the February 4, 2026 ET market close, with key names up +4% to +10%.

The rally was supported by a broader market rebound, stabilizing oil and gas prices, and renewed investor demand for industrial materials amid improving economic signals.

This surge followed a volatile period in chemicals, where earnings swings and technical consolidations had pressured prices.

Top-performing names include $Dow Chemical(DOW)$ , $LyondellBasell Industries NV(LYB)$ , $Westlake Chemical(WLK)$ , $Cabot(CBT)$ , and $Methanex(MEOH)$ . This time, TigerPicks chose these stocks to provide a fundamental highlight and help users understand the sector better.

Institutions Outlook

  • The Motley Fool-Daniel Foelber: Materials and energy are among the best-performing sectors in 2026, and falling interest rates are expected to support housing and industrial demand, providing a tailwind for chemical end markets.

  • Persistence Market Research-Satender Singh: The vast growth potential of commodity chemicals is driven by their indispensable role across global manufacturing sectors and the robust industrial expansion in the Asia-Pacific region.

  • LinkedIn-Daniel Foelber: The commodity chemicals market is poised for robust growth, fueled by rapid industrialization in emerging economies and a strategic shift toward sustainable, bio-based chemical innovations.

💰As cyclical materials rebound and volatility persists, will you boost your buying power with Tiger's Cash Boost Account? Click to access the activity 🚀

1. 🚀 $Dow Chemical(DOW)$ +6.26%

  • Fundamental: Broad market rebound and stabilizing commodity prices lifted sentiment, while a 6.48% dividend yield continues to attract income-focused investors.

  • Financial:P/E (TTM): -8.76, reflecting earnings pressure; P/S at 0.58 remains attractive versus peers.

  • Technical & Weekly Outlook: Momentum strong, volume ratio 1.31, RSI(6) 87.24, MACD bullish. Key levels: resistance $34/$35.5, support $32.0/$30.5; expect consolidation.

2. 🧩 $LyondellBasell Industries NV(LYB)$ +6.83%

  • Fundamental: Cyclical sector rebound and high short interest drove strong momentum.

  • Financial: Forward P/E 20.32x above historical 13.19x; P/S 0.49; TTM P/E -15.19, ROE -10.58%.

  • Technical & Weekly Outlook: Momentum strong, volume 9.65M (VR 0.87), RSI(6) 83.39, MACD bullish. Key levels: resistance $57.48/$60, support $56.96/$53.45; expect consolidation.

3.💰$Westlake Chemical(WLK)$ +5.61%

  • Fundamental: Post-earnings volatility and market recalibration drove the rally.

  • Financial: P/E (TTM) -12.94; Forward P/E 151.99 vs historical 59.88.

  • Technical & Weekly Outlook: Momentum strong, volume 2.65M (VR 1.60), RSI(6) 80.50, MACD bullish. Key levels: resistance $100/$105–110, support $96/$90.93; expect consolidation.

4. 📈 $Cabot(CBT)$ +10.44%

  • Fundamental: Sector rotation and solid fundamentals (ROE 22.82%, Dividend 2.24%) supported the surge.

  • Financial: Forward P/E 11.04 below historical 12.09; P/S 1.11 reasonable.

  • Technical & Weekly Outlook: Momentum strong, volume 1.26M (VR 1.67), RSI(6) 79.2, MACD bullish. Key levels: resistance $81.15/$85–89, support $78.73/$71.28; expect consolidation.

5. 👥 $Methanex(MEOH)$ +4.08%

  • Fundamental: Breakout reflects strong methanol demand and industrial sentiment.

  • Financial: Forward P/E 14.55 above historical 13.43; P/S 1.11.

  • Technical & Weekly Outlook: Momentum strong, volume 1.27M (VR 2.12), RSI(6) 76.0, MACD bullish. Key levels: resistance $54.49/$60, support $51.32/$49.25; expect consolidation.

⚠️ Disclaimer: All information is based on official company disclosures and market data for reference only. Not investment advice.

For SG users only, welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

other helpful links:

💰Stocks to watch today?(6 Feb）
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
4