Log in to your IBTimes Account

close
ID
Password

Sector Snap: Packaging makers rise on cheaper gas



By AP
17 July 2008 @ 02:02 pm EST

NEW YORK - Shares of packaging makers staged a broad-based rally Thursday as the price of natural gas, which both powers their plants and goes into making plastics, continued to fall.

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
ABH 5.87 -0.58
BLL 43.41 -1.95
CCK 24.29 -1.86
LPX 10.36 -0.41
SSCC 6.1 -0.57
SON 34.59 -0.71

SYMBOL LOOKUP

In afternoon trading on the New York Mercantile Exchange, natural gas was down 82.6 cents at $10.572 per 1,000 cubic feet. It has tumbled more than 20 percent since its peak before the Fourth of July.

AbitibiBowater Inc. rose 64 cents, or 8.4 percent, to $8.25, Ball Corp. gained $2.42, or 5.3 percent, to $48.27, Crown Holdings Inc. climbed $1.70, or 6.2 percent, to $29, Louisiana-Pacific Corp. increased 52 cents, or 6.2 percent, to $8.98 and Smurfit-Stone Container Corp. was up 41 cents, or 9.3 percent, to $4.81.

Even shares of Sunoco Products Co., which fell early in the session on a weak third-quarter outlook, were up 9 cents to $30.93.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Industries
Shares in Indophil Resources fell 35.7% on news that Lion Selection Limited has sold its 17.8% stake to Xstrata for a lower price than was offered by riv...
After 18 months of discussion, Swiss commodities and raw materials giant Glencore plans to invest $50 million in a poly-metals project in the Mesabi Iron...
Standard & Poor's has revised its base-case metals prices to reflect the persistent strength of prices, a high degree of volatility, and market expectati...

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives