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Celanese announces increase in July prices for acetate tow

June 19/2019

MOSCOW (MRC) -- Celanese Corporation, a global chemical and specialty materials company, has announced it will raise prices of all acetate tow product grades sold globally by up to 10%, as per the company's press release.

This price increase will be effective for orders shipped on or after July 1, 2019, or as contracts otherwise allow.

"To aid in securing sustainability of the Celanese acetate tow business, it is paramount that we increase prices and offset declines. Celanese is committed to our acetate tow business as we continue to invest in manufacturing assets, innovation and service in order to position the company as the strategic partner for our customers," said Marcel van Amerongen, Vice President, Acetate Tow, for Celanese.

As MRC informed earlier, Celanese has increased May list and off-list selling prices for Vinyl Acetate Monomer (VAM) sold in Europe, the Middle East, Africa and Asia Outside China (AOC). The price increases below were effective for orders shipped on or after 24 April, 2019, or as contracts otherwise allow, and are incremental to any previously announced increases. Thus, VAM prices rose, as follows:

     - by EUR100/mt - for Europe, the Middle East & Africa;
     - by USD50/mt - for AOC.

Besides, Celanese increased its prices of emulsion polymers by USD25/mt for AOC and prices of acetic anhydride by EUR30/mt for Europe, the Middle East and Africa.

Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Based in Dallas, Celanese employs approximately 7,600 employees worldwide and had 2017 net sales of USD6.1 billion.
Author:Margaret Volkova
Tags:vinilacetat, EVA, fibers/filaments, Celanese, USA.
Category:General News
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