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 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.
The North American Styrene Acrylonitrile Resin market behaved no differently than other global markets, as the price trends remained sullen with dull market sentiments. Stocks were high, and the upstream costs were low. So, overall, the price trends for Styrene Acrylonitrile Resin prices exhibited declining trajectories with some short-lived reverse fluctuations at the quarter shift.
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 trends.
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 trends 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.
The automotive sector drove the demand for styrene acrylonitrile and in turn, led to the upward trajectory in price trends. 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 trends for styrene acrylonitrile resins.
According to Procurement Resource, the price trends 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.
The price trends 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.
Procurement Resource provides latest prices of Styrene Acrylonitrile Resin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
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 Name||Styrene Acrylonitrile Resin|
|Industrial Uses||Food Containers, Packaging Materials, Kitchenware, Optical fibres, Electrical Appliances|
|Synonyms||SAN, Styrene Acrylonitrile|
|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.
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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