Celanese Corp Class A

CE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$958.00	Xcrcnj	Pwtbxdjrn

Specialty Chemicals Stocks Offer Investors an Excellent Margin of Safety Despite Near-Term Risks

Seth Goldstein

Oct 24, 2022

Shares of Celanese, DuPont, and Eastman have plummeted this year as the market focuses on the near-term risks for the specialty chemicals industry. Cost inflation, a global recession, and a potential European natural gas shortage all threaten to erode profits in 2023. While these risks could weigh on near-term results, we think a smaller decline is more likely to occur, as reflected in our base-case forecasts.

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