uploads///Title

Celanese Increases Acetyl Intermediate Prices

By

Mar. 21 2019, Published 8:03 a.m. ET

Acetyl intermediate prices

In a press release on March 20, Celanese (CE) announced a price increase on several acetyl intermediate products. The price increase will be effective immediately or as the contract allows.

The price increase spans different geographical regions.

  • Acetic acid prices will increase by 50 euros per metric ton in the EMEA (Europe, Middle East, and Africa), $0.025 per pound in the United States and Canada, $55 per metric ton in Mexico and South America, 300 renminbi per metric ton in China, and $50 per metric ton in Asia outside China.
  • Vinyl acetate monomer prices will increase by 100 euros per metric ton in the EMEA, $0.05 per pound in the United States and Canada, $110 per metric ton in Mexico and South America, 800 renminbi per metric ton in China, and $100 per metric ton in Asia outside China.
  • Acetic anhydride prices will increase by 5o euros per metric ton in the EMEA and $50 per metric ton in Mexico and South America.
  • Ethyl acetate prices will increase by 75 euros per metric ton in the EMEA.
  • Emulsion polymer prices will increase by $50 per metric ton in Asia outside of China.
Article continues below advertisement

Impact

The price increase could have a positive impact on Celanese’s top and bottom growth if the volumes don’t fall. In the fourth quarter of 2018, Celanese’s Acetyl Chain segment reported revenues of $936 million—a 5.4% increase on a year-over-year basis. The impact of the price increase will be more visible in the second quarter.

Stock price

On March 20, Celanese’s stock price remained flat with a marginal gain of 0.05% and closed at $101. LyondellBasell (LYB) and Westlake Chemical (WLK) fell 0.7% and 0.36%, respectively, while Eastman Chemical (EMN) rose 0.15%. The broader market S&P 500 (SPY) fell 0.3%.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.