MOSCOW (MRC) -- Celanese Corporation, a global technology and specialty materials company, will increase list and off-list selling prices for Vinyl Acetate Monomer (VAM) sold in Europe, the Middle East and the Americas, as per the company's press release.
The price increases below will be effective February 1, 2018, or as contracts otherwise allow, and are incremental to any previously announced increases.
Thus, VAM prices will be raised, as follows:
- by EUR50/mt - for Europe and the Middle East;
- by USD0.05/lb - for USA and Canada;
- by USD100/mt - for Mexico and South America.
As MRC wrote previously, Celanese Corporation last increased its list and off-list selling VAM prices in Europe on 1 January, 2018. The price increase was EUR100 per tonne. Besides, the company raised January VAM prices in The Middle East and Africa, as stated below:
- for Asia outside China - by USD100 per tonne;
- for China - by CNY300 per tonne;
- for Middle East and Africa - by USD100/tonne.
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 7,300 employees worldwide and had 2016 net sales of USD5.4 billion.
MRC