Celanese Corporation CE is raising the list and off-list selling prices of acetyl intermediates products. The price increase is applicable for orders shipped and is immediately effective or as contracts permit.The company will increase Acetic Acid prices by ¥300 per metric tons (MT) in China and by $50 per MT in Asia outside China (AOC). Prices of Vinyl Acetate Monomer will increase by ¥700 per MT in China and $100 per MT in AOC.Celanese’s shares have lost 11.8% in the past year compared with the industry’s 6% decline.Notably, the company’s revenues in the Acetyl Chain segment slumped 23.5% year over year in the second quarter due to persistent decline in industry pricing resulting from deflationary environment for raw materials.In second-quarter 2020 earnings call, Celanese stated that it witnessed demand recovery in the early third quarter order bookings at improved levels on a sequential-comparison basis. The company expects a modest sequential improvement in earnings in the Engineered Materials unit for the third quarter.The company also sees a modest volume recovery in the Acetyl Chain, which is expected to offset incremental energy and turnaround costs. It also noted that surge in coronavirus cases is a concern. Celanese is focused on productivity and working capital management. Zacks Rank & Key PicksCelanese currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the basic materials space include Kinross Gold Corporation KGC, Eldorado Gold Corporation EGO and Yamana Gold Inc. AUY, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.Kinross has an expected earnings growth rate of 100% for 2020. The company’s shares have surged 71.7% in the past year.Eldorado Gold has an expected earnings growth rate of 2,325% for 2020. Its shares have returned 14.5% in the past year.Yamana has an expected earnings growth rate of 76.9% for 2020. The company’s shares have soared 73.6% in the past year.More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.Click here for the 6 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinross Gold Corporation (KGC): Free Stock Analysis Report Yamana Gold Inc. (AUY): Free Stock Analysis Report Celanese Corporation (CE): Free Stock Analysis Report Eldorado Gold Corporation (EGO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research