MOSCOW (MRC) -- Celanese Corporation, a global specialty materials company, has increased this month's list and off-list selling prices for Vinyl Acetate Monomer (VAM) sold in Asia outside China (AOC), as per the company's press release.
The price increase is effective for orders shipped on or after 2 September, 2020, or as contracts otherwise allow, and is incremental to any previously announced increases.
Thus, September VAM prices rose by USD100/mt - for AOC.
As MRC reported earlier, Celanese last raised its VAM prices for this region on 8 July, 2020. The price increase was USD50/mt.
According to MRC's DataScope report, June EVA imports to Russia fell by 22,5% year on year to 2,940 tonnes from 3,800 tonnes a year earlier, and overall imports of this grade of ethylene copolymer into the Russian Federation dropped in January-June 2020 by 8,16% year on year to 17,440 tonnes (18,980 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.
MRC