MOSCOW (MRC) -- Celanese Corporation, a global technology and specialty materials company, will increase list and off-list selling prices for acetic acid in view of the recent rapid increase and continued volatility in China methanol prices, as per the company's statement.
The price increase below will be effective immediately, or as contracts allow.
Thus, prices of acetic acid will rise by RMB100/tonne.
As MRC reported before, Celanese Corporation will raise list and off-list selling prices of Vinyl Acetate Monomer (VAM). The price increases below will be effective as of July 1, 2015, or as contracts allow.
Thus, VAM prices will rise as follows:
- by USD0.03/lb - for USA, Canada and Mexico;
- by USD70/tonne - for Central and South America;
- by USD40/tonne - for Asia (outside China).
Besides, Celanese Corporation raised list and off-list selling VAM prices effective June 1, 2015. Thus, the company's VAM prices rose by EUR 75/tonne for Europe and Middle East and by USD30/tonne for Asia (outside China).
Earlier, in April 2015, Celanese Corporation increased its prices of vinyl acetate-based emulsions sold in Asia. Vinyl acetate ethylene (EVA) emulsions increased by Yuan 400/tonne for China and USD55/tonne for the rest of Asia effective April 24, 2015, or as contracts allow.
This price increase affected all applications including, but not limited to, adhesives, paints and coatings, waterproofing, building and construction, glass fiber, carpet and paper. This increase was attributed to the continued pressures on raw materials, notably ethylene and VAM.
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, Texas, Celanese employs approximately 7,500 employees worldwide and had 2014 net sales of USD6.8 billion.
MRC