Styrene Acrylonitrile (SAN) prices increased by €30-40/mt in January versus December, which was broadly in line with expectations.
The main driver of the increase was the rising cost of raw materials. However, demand from most downstream sectors was poor, which prevented larger price increases.
The poor demand also meant that sellers on some accounts were unable to recover the increased raw material costs and were forced to keep prices unchanged.
The downward pressure on SAN prices remains, with the primary pressure coming from low demand that continues to persist.
Suppliers note that SAN is currently the worst performing market in their styrenics portfolio.
Prices rose, but poor demand and competition limit further increases.
Additionally, lower gas prices have also placed pressure on SAN prices, as buyers have more leverage.
Furthermore, falling prices for competitive products such as PMMA in certain applications are also negatively impacting SAN prices.
The market update is an exerpt fromt the monthly report.
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