Opportunity for a Position Trade. The Valuation Appears Moderately Priced with a P/E Ratio of 13.

Celanese (CE) is positioned centrally in the value chains of industrial and consumer goods as a diversified manufacturer of specialty polymers and basic chemicals. The Acetyl Chain supplies basic chemicals for many industries, while Engineered Materials provides specific solutions for automotive and electronics. This megatrend towards higher-quality, specialized materials continues, but is tempered by global capacity shifts and macroeconomic uncertainties. The management's ability to proactively reduce costs and strategically streamline the portfolio...