Prices in December rolled over in Europe, remaining above €2,000/mt. Despite an increase of around €30/mt and higher energy costs for producers, buyers managed to avoid further increases.
Nevertheless, depending on the starting point, some buyers had to absorb some increases in line with raw material costs. SAN prices in Europe have increased substantially earlier in the year due to severe shortages.
But the situation has changed in the second half. The market has since been balanced, and buyers have now little difficulty sourcing volumes. As the markets continue to be volatile, the price difference between players remains wide.
December is normally a slow month. This low seasonal demand may also explain why prices rolled over amid slightly higher raw material costs. Meanwhile, ongoing market disruptions upstream lowered expectations of a downward correction in the short term from the current highs.
The GC Intelligence™ Styrene Acrylonitrile (SAN) Market Prices, Forecasts, and Analysis report is published every month. The report covers prices and forecasts of Injection Moulding and Extrusion SAN.
- Injection Moulding