Styrene Acrylonitrile Resin Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Styrene Acrylonitrile Resin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Styrene Acrylonitrile Resin Price Trend for the Second Half of 2023


Styrene acrylonitrile resin prices were witnessed to be struggling in the Asian markets during the last two quarters of 2023. At the beginning of July, the Asian market continued its disappointing run as the demands didn’t grow beyond a point, and the disparity between supply and demand remained intact.

Styrene Acrylonitrile Resin Price Chart

Styrene Acrylonitrile Resin Price Trends and Forecast

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Despite a surge in crude oil prices in quarter three, the styrene-acrylonitrile resin price trend could not garner much upstream support. Going forward, as quarter-four arrived, the market situation became even more delicate since the crude oil prices also started plunging, and the shipping hurdles curtailed the international orders as well. Overall, slumping price trends were witnessed in H2’23.


The European market’s performance for styrene acrylonitrile resin was slightly better when compared to the Asian market. Suppliers in the region were cautious and acquired a wait-and-watch approach towards product procurement. This helped stabilize the market in the third quarter, and as the demands started picking up because of the impending holiday season, the prices started improving at the beginning of the fourth quarter. However, because of the mounting Red Sea crisis, the conditions again turned unfavorable for the styrene-acrylonitrile resin trade by the end of the year in December.

North America

The North American styrene acrylonitrile resin markets were steady for the majority of the said period. With a sluggish demand pattern and humble supply situation, the price trend was able to maintain borderline stagnancy in the region. The fluctuations in the crude oil market kept the market afloat initially; however, other geopolitical events started taking precedence as the quarters progressed. Conclusively, a blended market performance was witnessed.

Analyst Insight

According to Procurement Resource, the Styrene Acrylonitrile Resin market will strive for stabilization going forward. However, not much improvement is anticipated in the demand patterns.

Styrene Acrylonitrile Resin Price Trend for the First Half of 2023


At the start of Q1 Styrene Acrylonitrile Resin market began with heavy inventories because the product stocks had been unused for a long time because of the industrial shutdowns pertaining to the Covid-19 lockdown. The inventories were already ample in the beginning, and not much changed in the first quarter as the market was almost stagnant with bearish sentiments. However, as Q2 started, the trade exchanges didn’t improve much.

There were some demands from the plastics and packaging industries, but the market was still slow. In order to empty out the inventories and make space for fresh products, the suppliers further decreased the Styrene Acrylonitrile Resin prices. Hence, the Styrene Acrylonitrile Resin prices declined sharply in the later Q2.


The European Styrene Acrylonitrile Resin market almost replicated the Asian SAN market sentiments. Prices barely showed movement even though the demands were moderate from downstream sectors. In European countries, the economic inflation of 2022 hampered operations, resulting in these market situations. The SAN prices declined further in Q2 in an attempt to move inventories. Overall, feeble market sentiments were observed for Styrene Acrylonitrile Resin.

North America

The North American Styrene Acrylonitrile Resin market behaved no differently than other global markets, as the price trend remained sullen with dull market sentiments. Stocks were high, and the upstream costs were low. So, overall, the price trend for Styrene Acrylonitrile Resin prices exhibited declining trajectories with some short-lived reverse fluctuations at the quarter shift.

Analyst insight

According to Procurement Resource, the Styrene Acrylonitrile Resin market is expected to strive for normalization, so improvement is expected. The easy availability and the inventory levels will continue to determine the Styrene Acrylonitrile Resin price trend.

Styrene Acrylonitrile Resins Price Trend for the Second Half of 2022


The market for styrene-acrylonitrile resin was stagnant in the Asian region considering the covid mandated restrictions, power rationing norms, weather disturbances such as typhoons and floods and transportation strikes. This affected manufacturing, declined productivity, and plunged the already feeble demand. The feedstock styrene also witnessed a decreasing trend in prices. In the fourth quarter, the demand and offtakes from the domestic sector declined drastically causing the price trend for styrene-acrylonitrile to remain on the negative side.


Styrene Acrylonitrile Resins (SAN) prices fluctuated as the prices of feedstock styrene and acrylonitrile oscillated in the third and fourth quarters of 2022. During the first few months of the third quarter, the prices rose and fell in the later months of the quarter. The rise in prices was due to the fall in the supply chain against the rise in demand. The decline in the later months was due to the weak demand from the automotive sector. In the fourth quarter also, the price trend was sluggish, as the upstream crude oil and feedstock prices were low along with the weak demand from end-user industries.

North America

The automotive sector drove the demand for styrene acrylonitrile and in turn, led to the upward trajectory in price trend. But the doom of recession, declining global oil prices, and concerns regarding the shortage in supply of the commodity negatively impacted the prices of styrene acrylonitrile resins. This drop was, however, very significant in the fourth quarter. The fluctuating market economics, weak consumer support, and declining inquiries from the end-user industries fueled the decreasing price trend for styrene acrylonitrile resins.

Analyst Insight

According to Procurement Resource, the price trend for Styrene Acrylonitrile Resins (SAN) are expected to remain stagnant in the upcoming quarter. This stagnancy will be due to the persistent sluggish demand from the end-user industries, weak market dynamics, and rising stockpiles of styrene acrylonitrile resins.

Styrene Acrylonitrile Resin Price Trend For the First Half of 2022


The prices of Styrene Acrylonitrile Resin or SAN surged during the first quarter in the Asian market. The inflated crude oil prices affected the petrochemicals industry causing a rise in the prices of feedstock styrene and acrylic acid. The robust demand from the pharmaceutical and healthcare industry further added to the raised quotation.

With the resurgence of covid-19, the government imposed strict restrictions causing factories to halt production. As a result, the supply lines constricted further causing the prices of Styrene Acrylonitrile Resin ( SAN ) to average 1947-2000 USD/MT CFR Qingdao.

However, even after the removal of covid restrictions, the production rates did not return to the optimum levels because of the uncertain supply and complex logistics. The market volatility coupled with the cautious buying activity of buyers amid the dwindling demand drove the prices of SAN down. The price of feedstock styrene and acrylic acid averaged 1221 USD/MT and 13,939 RMB/ton (approx.) respectively in June 2022.


The Russian-Ukraine geopolitical conflict directly impacted the European region causing double-digit inflation which the cost crunch effect pinching consumer demand. The inflated crude oil prices owing to the European embargo on Russian oil and sanctions against Russian exports triggered an acute energy crisis in the region. The prices of SAN reached 3110-3210 USD/MT FD Rotterdam during the first quarter.

The robust demand from the downstream cosmetics, automotive and healthcare sectors further drove the prices. The high inputs cost affected the profitability of the manufacturers. The prices of feedstock acrylonitrile averaged 1788 USD/MT while that of SAN averaged 3031 USD/MT towards the end of the second quarter.

North America

The price trend for Styrene Acrylonitrile Resin ( SAN ) closely mirrored the global outlook. The inflated crude oil costs, complex logistics, labour shortages and booming downstream demand caused the SAN prices to surge averaging 3380-3470 USD/MT FOB Texas.

With the government rolling out contractionary policy to control inflation and baulking of buyers due to the looming threat of recession the market demand dwindled slightly. The prices of SAN kept stable throughout the second quarter averaging 3510 USD/MT FOB Texas.

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Styrene Acrylonitrile Resin (SAN) is an optically transparent copolymer of styrene and acrylonitrile. It comprises 70-80% by weight styrene and 20-30% acrylonitrile. It is an efficient alternative to polystyrene owing to its higher durability, strength, and thermal resistance. The glass transition temperature of the said copolymer is greater than 100°C, thus, making it immune to boiling water.

Product Details

Report Features Details
Product Name Styrene Acrylonitrile Resin
HS CODE 39032000
CAS Number 9003-54-7
Industrial Uses Food Containers, Packaging Materials, Kitchenware, Optical fibres, Electrical Appliances
Chemical Formula (C8H8)n-(C3H3N)m
Synonyms SAN, Styrene Acrylonitrile
Molecular Weight Variable
Supplier Database INEOS, Samsung Cheil Industries, Ningbo LG Yongxing Chemical, Styron, Sabic Innovative Plastics, Formosa Plastics Group
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Styrene Acrylonitrile Resin from Styrene and Acrylonitrile

Styrene Acrylonitrile Resin is produced by continuous mass polymerization, suspension, and emulsion. The two compounds, namely Styrene and Acrylonitrile, are mixed in bulk liquid form or as a water-based emulsion or suspension. The polymerization occurs in the presence of free-radical initiators. However, the impact resistance of this copolymer is not satisfactory; hence, it is often mixed with butadiene rubber to produce a more robust product called acrylonitrile-butadiene-styrene copolymer.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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