Celanese (CE) Set to Raise Prices of Selective Products | Zacks.com

Celanese Corporation (CE – Free Report) will raise the list and off-list selling prices of a few products. The price hike will be effective immediately or as contracts permit. The company will increase the price of Butyl Acetate and Ethyl Acetate by $50/MT in Asia outside China. Price of Vinyl Acetate Monomer will be raised by $100/MT in the same region.

The company will also increase list and off-list selling prices for Ateva EVA polymers by 5 cents per lb in the Americas. This hike will be effective from May 1, 2018, or as contracts permit.

The company is taking appropriate pricing actions amid a volatile raw material pricing environment. Celanese’s strategic measures, including operational cost savings through productivity actions and pricing initiatives are likely to provide an impetus to its earnings in 2018.

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Celanese (CE) Set to Raise Prices of Selective Products – April 11, 2018 – Zacks.com.

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