MOSCOW (MRC) -- Celanese Corporation, a global specialty materials company, has increased July list and off-list selling prices for Vinyl Acetate Monomer (VAM) sold in Europe, Middle East and Africa, as per the company's press release.
The price increase below is effective for orders shipped on or after July 1, 2020, or as contracts otherwise allow, and are incremental to any previously announced increases.
Thus, VAM prices will rise by EUR100/mt for Europe, the Middle East & Africa.
As MRC reported earlier, Celanese last raised its VAM prices for the stated above regions on January 17, 2019, by the same amount of EUR100/mt.
According to MRC's DataScope report, April EVA imports to Russia dropped by 5,85% year on year to 3,050 tonnes from 3,250 tonnes a year earlier, and overall imports of this grade of ethylene copolymer into the Russian Federation increased in January-April 2020 by 1,55% year on year to 12,540 tonnes (12,350 tonnes a year earlier).
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.