Celanese Corporation (NYSE:CE) will raise the list and off-list selling prices of a few products. The price hike will be effective immediately or as contracts permit. The company will increase the price of Butyl Acetate and Ethyl Acetate by $50/MT in Asia outside China. Price of Vinyl Acetate Monomer will be raised by $100/MT in the same region. 
Methanex Corporation (MEOH): Free Stock Analysis Report
Celanese Corporation (CE): Free Stock Analysis Report
Kronos Worldwide Inc (KRO): Free Stock Analysis Report
LyondellBasell Industries N.V. (LYB): Free Stock Analysis Report
Original post
The company will also increase list and off-list selling prices for Ateva EVA polymers by 5 cents per lb in the Americas. This hike will be effective from May 1, 2018, or as contracts permit.
The company is taking appropriate pricing actions amid a volatile raw material pricing environment. Celanese’s strategic measures, including operational cost savings through productivity actions and pricing initiatives are likely to provide an impetus to its earnings in 2018.
Celanese’s shares have gained 15.2% over a year, outperforming the industry’s 8% growth.
Celanese, in February, raised earnings guidance for 2018, citing a stronger start to the year across its Acetyl Chain and Advanced Engineered Materials businesses. The company now envisions adjusted earnings per share to grow in the 12-16% range from the prior-year quarter, up from its earlier view of 10-14% growth.
Celanese is witnessing better-than-expected performance in each of its businesses. The company’s Acetyl Chain unit continues to build momentum globally, while improved pricing and strong demand in its Advanced Engineered Materials business are contributing to its earnings strength. Celanese plans to provide more details during first-quarter 2018 earnings call.
Celanese Corporation Price and Consensus
Zacks Rank & Other Stocks to Consider
Celanese currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the basic materials space are Kronos Worldwide Inc. (NYSE:KRO) , Methanex Corporation (NASDAQ:MEOH) and LyondellBasell Industries N.V. (NYSE:LYB) .
Kronos has an expected long-term earnings growth rate of 5% and sports a Zacks Rank #1 (Strong Buy). The company’s shares have moved up 48.6% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Methanex has an expected long-term earnings growth rate of 15% and flaunts a Zacks Rank #1. Its shares have gained 36.3% over a year.
LyondellBasell has an expected long-term earnings growth rate of 9% and carries a Zacks Rank #2 (Buy). Its shares have moved up 18.5% in a year.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Methanex Corporation (MEOH): Free Stock Analysis Report
Celanese Corporation (CE): Free Stock Analysis Report
Kronos Worldwide Inc (KRO): Free Stock Analysis Report
LyondellBasell Industries N.V. (LYB): Free Stock Analysis Report
Original post