Millennium Chemicals Announces Global Price Increases in Acetyls Business
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HUNT VALLEY, Md., Sept. 9 - Millennium Chemicals announced the following price increases of vinyl acetate monomer (VAM) and glacial acetic acid (GAA) effective October 1, 2002:
North America:
VAM - US$0.03/pound or as contracts permit
GAA - US$0.03/pound or as contracts permit
South America:
VAM - US$70/metric ton
Europe:
VAM - Euros 70/metric ton
GAA - Euros 60/metric ton or as contracts permit
Asia, including the Middle East:
GAA - US$30/metric ton
On August 15, 2002, Millennium announced an immediately effective $100/metric ton price increase in its selling price of VAM in the Asian region.