Celanese Announces Acetyl Intermediate Price Increases

Rhea-AI Summary

Celanese Corporation (NYSE: CE) has announced an immediate increase in list and off-list selling prices for various acetyl intermediate products. Prices for Acetic Acid and Acetic Anhydride will rise to $100/MT, Vinyl Acetate Monomer to $200/MT, Ethyl Acetate/Butyl Acetate to $50/MT, VAE Emulsions to $100/MT, and Redispersable Powders to $150/MT. The adjustments are applicable as contracts allow and are incremental to previous increases. Celanese continues to leverage its global chemistry to deliver value across industries.

Positive

• Immediate price increases for key acetyl intermediate products could enhance revenue.
• Incremental price adjustments suggest strong market demand.

Negative

• Pricing increases may lead to reduced demand from price-sensitive customers.
• Immediate implementation could strain existing customer contracts.

DALLAS & SHANGHAI--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, will increase list and off-list selling prices for the following acetyl intermediate products. The price increases below will be effective immediately, or as contracts otherwise allow, and are incremental to any previously announced increases.

	AOC	GC
Product	(USD/MT)	(RMB/MT)
Acetic Acid	$100	CNY 600
Vinyl Acetate Monomer	$200	CNY 1,500
Ethyl Acetate / Butyl Acetate	$50	--
Acetic Anhydride	$100	CNY 600
VAE Emulsions	$100	CNY 700
Redispersable Powders	$150	CNY 1,000

About Celanese

Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 8,500 employees worldwide and had 2021 net sales of $8.5 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220525006028/en/

Celanese Contacts:

Investor Relations

Brandon Ayache

+1 972 443 8509

brandon.ayache@celanese.com

Media Relations – Global

W. Travis Jacobsen

+1 972 443 3750

william.jacobsen@celanese.com

Media Relations Europe (Germany)

Petra Czugler

+49 69 45009 1206

petra.czugler@celanese.com

Source: Celanese Corporation

FAQ

What are the new prices for Celanese products effective immediately?

Celanese has raised prices as follows: Acetic Acid to $100/MT, Vinyl Acetate Monomer to $200/MT, Ethyl Acetate/Butyl Acetate to $50/MT, Acetic Anhydride to $100/MT, VAE Emulsions to $100/MT, and Redispersable Powders to $150/MT.

When will the new selling prices from Celanese take effect?

The price increases are effective immediately, or as contracts allow.

Which products are affected by the price increase at Celanese?

The price increase affects Acetic Acid, Vinyl Acetate Monomer, Ethyl Acetate/Butyl Acetate, Acetic Anhydride, VAE Emulsions, and Redispersable Powders.

What is the stock symbol for Celanese Corporation?

The stock symbol for Celanese Corporation is CE.