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Acetate prices in flux

New York — The Voridian division of Eastman Chemical Co. will increase prices of acetate yarn products effective January 2004.

The Kingsport, TN-based company will raise prices globally in a range from five cents a pound to 50 cents a pound.

Celanese Acetate, the world's largest producer of acetate, "is studying the situation," according to Keith Nagy, director of filament. He added that cellulose fiber producers are facing a 10 to 12 percent increase in wood pulp prices, the raw material for acetate, as a result of International Paper's decision to exit this segment of the market.

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