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Celanese raises September LDPE prices in China

September 25/2020

MOSCOW (MRC) -- Celanese Corporation, a global technology and specialty materials company, and a global leader in vinyl acetate ethylene (EVA) emulsions, has announced an increase in its September low density polyethylene (LDPE) prices in China, as per the company's press release.

Thus, the company's LDPE prices rose by CNY700/mt for China, effective September 15, 2020, or as contracts otherwise allow.

The price increases above are for orders shipped on or after September 15, or as contracts otherwise allow, and are incremental to any previously announced rises.

As MRC reported earlier, Celanese has also raised its September prices of ethylene-vinyl-acetate (EVA) by the sam amount.

According to ICIS-MRC Price report, in Russia, demand for LDPE has remained very weak in the spot market since the beginning of the month. Converters made purchases exclusively under the existing orders for finished products, they refused to put LDPE and finished products into their warehouses. Buyers were confident that in October, with the end of the shutdowns for maintenance at several production capacities, supply of PE would increase significantly and prices would substantially decrease.

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 7,700 employees worldwide and had 2019 net sales of USD6.3 billion.
Author:Margaret Volkova
Tags:PE, EVA, LDPE, Celanese, China, Russia.
Category:General News
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