The Dow Chemical logo is displayed on a board above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S. on December 22, 2015.
REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsOct 24 (Reuters) - Dow Inc (DOW.N) forecast average net sales for the current quarter below analyst estimates on Tuesday, as the chemical maker continues to navigate weak demand and low prices for its products in key markets.
Dow reported a sequential decline of 7% in prices of their products in Europe, the Middle East, Africa and India, primarily due to lower feedstock and energy rates.
However, the company added it expects to see benefits from rising oil prices in the next few quarters.
Prices of Dow products such as polyethylene, poly vinyl chloride and other base metals increase on the back of rising crude oil.
Persons:
Lucas Jackson, Dow, Howard Ungerleider, Jeffrey Tate, Sriraj Kalluvila, Vinay Dwivedi, Krishna Chandra
Organizations:
Dow, New York Stock, REUTERS, Dow Inc, Saikeerthi, Thomson
Locations:
New York, U.S, China, Europe, East, Africa, India, Bengaluru