Eastman Chemical (EMN) To Hike Prices Of Selective Products

 | Feb 26, 2018 08:36PM ET

Eastman Chemical Company (NYSE:EMN) will raise the list and off-list selling prices of few products. The price hike will be effective from Mar 1 or as contracts permit.
The company will increase the prices of acetic acid all grades, acetic acid dilute and acetic acid-anhydride blend by 2 cents per pound in North and Latin America. In North America, prices of methyl acetate and methyl acetate, high purity grade, will be raised by 5 cents per pound.
Eastman Chemical is taking appropriate pricing actions amid an escalated raw material pricing environment. High selling prices drove revenues in the company’s Chemical Intermediates segment in fourth-quarter 2017.
Eastman Chemical’s shares have rallied 30.3% over a year, outperforming the 19.7% gain of the

Eastman Chemical Company Quote

Zacks Rank & Stocks to Consider

Eastman Chemical carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the chemical space are Methanex Corporation (NASDAQ:MEOH) , Arkema S.A. (OTC:ARKAY) and The Chemours Company (NYSE:CC) .
Methanex has an expected long-term earnings growth rate of 15% and flaunts a Zacks Rank #1 (Strong Buy). Its shares have gained 12.5% over a year. You can see Original post
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