CE Stock Recent News

Celanese (CE) declares force majeure for acetic acid and VAM, expects a 15-20% production impact in the second quarter and takes costly measures to minimize customer impact.

DALLAS--(BUSINESS WIRE)--Celanese Corporation Declares Force Majeure on Western Hemisphere Acetic Acid and VAM.

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China has taken a new step in the ongoing economic battle with the west, launching a new anti-dumping probe of plastics made in the U.S. and the European Union. The move can be read as a possible retaliation against recent protectionist measures by Western countries, including a recent increase of tariffs on Chinese imports led by President Joe Biden. The Chinese probe was announced on Sunday by the country's commerce ministry, looking into imports of polyoxymethylene copolymer, a type of plastic widely used in consumer electronics, household items, car parts as well as in industrial applications. Public companies manufacturing this material include Celanese Corporation CE, BASF SE BASFY, DuPont de Nemours, Inc. DD, Mitsubishi Chemical Holdings Corporation MTLHY, Asahi Kasei Corporation AHKSY and SABIC (Saudi Basic Industries Corporation) SABRY. Over the next year, China will look into imports of the chemical, also known acetal or POM, coming from the U.S., Japan, Taiwan and the EU, in

Net sales of Engineered Materials unit of Celanese (CE) decrease sequentially on lower volumes and prices in Q1.

While the top- and bottom-line numbers for Celanese (CE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Celanese (CE) is expected to have benefited from cost-cutting and efficiency initiatives, as well as investments in high-return organic projects and acquisition synergies in Q1.

Besides Wall Street's top -and-bottom-line estimates for Celanese (CE), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.

Celanese (CE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

While Celanese (CE) faces challenges from demand softness and pricing pressures, it benefits from strategic acquisitions and productivity measures.