Celanese announces acetyl intermediates price increases Celanese will increase the price of vinyl acetate monomer, methyl isobutyl carbinol, methyl isobutyl ketone, and paraformaldehyde in North America, South America and Asia outside of China. The company will increase the price of vinyl acetate monomer and ethyl acetate in Europe, and will increase the price of acetic acid in North and South America. The price of acetic anhydride and butyl acetate will increase in Asia outside of China.
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Celanese downgraded to Neutral from Buy at Citigroup Citigroup downgraded Celanese citing the recent rally in shares and a lack of near-term catalysts. The firm keeps a $50 price target for the stock.