Styrene Acrylonitrile Prices

Styrene Acrylonitrile Prices September 2024

The styrene acrylonitrile prices in the United States for Q3 2024 reached 2160 USD/MT in September. The region witnessed a steady price decline due to weak demand for SAN from the electronics and automotive sectors, compounded by worldwide economic challenges. Even with stable supply chains, subdued demand maintained downward price pressure. Year-over-year comparisons confirmed the ongoing trend, with the quarter ending on a cautious note for SAN pricing.

The price trend for styrene acrylonitrile in China for Q3 2024 settled at 1540 USD/MT in September. The market faced modest price adjustments, driven by weakened demand for styrene acrylonitrile from the electronics and automotive sectors amid worldwide supply chain strains. Although prices stayed relatively stable, minor fluctuations highlighted ongoing challenges. The market’s attempt at recovery was restrained, with broader economic pressures impacting demand growth and keeping sentiment cautious through the quarter.

In the Netherlands, the styrene acrylonitrile prices for Q3 2024 reached 2555 USD/MT in September. The market showed a gradual price increase, bolstered by a resurgence in demand from the automotive and electronics sectors. Despite broader economic challenges, stable supply, and inventory management supported pricing stability. This modest upward trend in the Netherlands reflected a cautiously optimistic outlook, signaling recovery from earlier price declines in the year.

In Brazil, the styrene acrylonitrile prices for Q3 2024 reached 2145 USD/MT in September. The market faced consistent price declines, driven by a global SAN surplus and softening demand in key sectors such as electronics and automotive. Stable supply chains led to an oversupply, while economic unpredictability led to careful trading. By the quarter’s end, the SAN market in Brazil continued to reflect a challenging pricing environment.

Styrene Acrylonitrile Prices June 2024

The styrene acrylonitrile prices in the United States for Q2 2024 reached 2170 USD/MT in June. The region witnessed significant price declines because of reduced feedstock costs and weak demand for SAN from the automotive and packaging sectors. High inventory levels and limited consumption maintained downward pressure, despite improved manufacturing signals.

The price trend for styrene acrylonitrile in South Korea for Q2 2024 settled at 1540 USD/MT in June. The market faced marked price increases driven by higher feedstock costs and strong demand in the automotive and electronics sectors. Anticipating ongoing price hikes, market participants expanded inventories, creating tighter supply and supporting bullish pricing. This upward trend underscored the solid demand growth and constrained supply that characterized the quarter’s positive market environment.

In Germany, the styrene acrylonitrile prices for Q2 2024 reached 2420 USD/MT in June. The market faced a significant price decline due to weak demand in core sectors like automotive. Seasonal demand reduction and lower feedstock costs further pressured prices, while high inventories led suppliers to provide discounts. This trend highlights an ongoing contraction, with Germany reflecting the most substantial declines within Europe.

In Brazil, the styrene acrylonitrile prices for Q2 2024 reached 2245 USD/MT in June. The market faced a marked price decline as weak demand in industries such as electronics and automotive drove prices downward. Lower feedstock costs and high inventory levels led to supplier discounts, further influencing the pricing trend. This ongoing decrease reflects a challenging market landscape shaped by oversupply and limited procurement activity.

Styrene Acrylonitrile Prices December 2023

The prices of styrene acrylonitrile in the United States for Q4 2023 reached 2055 USD/MT in December. The market experienced a downward trend, mainly due to declining product demand from international markets and caution within major sectors such as automotive. Despite this, there was some stabilization by the end of the year, signaling a potential drift from the diminishing prices of previous months.

The price trend for styrene acrylonitrile in South Korea for Q4 2023 reached 1285 USD/MT in December. The market experiences a downward market outlook, with increased supply levels that led to an oversupply condition. While there was a slight increase in acrylonitrile feedstock prices, the weak styrene fundamentals and reduced energy costs kept overall market dynamics subdued.

The price trend for styrene acrylonitrile in Belgium for Q4 2023 reached 2330 USD/MT in December. The market saw a downturn, driven by increased costs for acrylonitrile feedstock and reduced demand from end-use sectors like electronics and industrial equipment manufacturing. This resulted in lower prices and a more cautious market environment.

Regional Coverage

The report provides a detailed analysis of the styrene acrylonitrile market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the styrene acrylonitrile price trend. 

Global Styrene Acrylonitrile Price

The report offers a holistic view of the global styrene acrylonitrile pricing trends in the form of styrene acrylonitrile price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into styrene acrylonitrile historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into styrene acrylonitrile price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed styrene acrylonitrile demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Styrene Acrylonitrile Price

Q3 2024:

The European market during the third quarter of 2024 witnessed steady price growth, signaling a slight progress in overall pricing conditions. This increase was largely due to the stable demand from industries including electronics and automotive, along with adjustments in the supply chain that provided price support. The Netherlands stood out with noticeable price fluctuations, especially in August, as demand recovery gained momentum. Despite worldwide economic unpredictability, SAN supply remained stable, with cautiously managed inventories helping to balance price consistency. By the quarter's end, the market in Europe reflected a more positive sentiment, bouncing back from prior declines during the year. Although cautious, the trend highlighted resilience and adaptive capacity within the region’s SAN market.

Q2 2024:

During the second quarter of 2024, the European market witnessed a sustained decline in prices, impacted by multiple factors. The demand from key sectors, including electronics and automotive, remained subdued as economic uncertainties led these industries to reduce purchasing activity. Declining prices of feedstock, especially for styrene and acrylonitrile, added to the downward price movement. Across the region, high inventory levels intensified price pressures, with suppliers offering notable discounts to manage excess stocks. Improved logistics, along with more stable input costs further smoothed supply, aiding the downward trend. Germany faced significant price reductions, due to the reduced seasonal demand and regional economic pressures, underscoring a persistent negative pricing condition as styrene acrylonitrile prices continued to drop.

Q1 2024:

The market in Europe experienced a steady rise in prices, signaling a recovery after an interval of decline during Q1 2024. Initially, prices remained stable, as the market consolidated, with participants in major markets such as Germany adopting a cautious approach due to seasonal slowdowns in industries such as consumer goods and automotive. However, by the end of the quarter, prices began to climb steadily, due to disruptions in supply chain and higher feedstock costs. The automotive industry played a key role in supporting this increasing trend, signaling a rebound in industrial demand. While suppliers faced challenges, cautious inventory management allowed buyers to navigate the price increases effectively, leading to a market that remained stable despite ongoing price volatility and logistical difficulties.

Q4 2023:

In Q4 2023, the SAN prices in Europe showed a stable to declining trend, influenced by multiple factors. Continuous supply of the product from production facilities led to an oversupply, while lowering demand from sectors such as consumer goods and packaging also contributed to the diminishing prices. The market in Belgium was particularly affected by the rising cost of acrylonitrile feedstock, while a significant decrease in styrene valuation further impacted the industry dynamics. Overall, the region saw a steady supply with modest demand, but diminished interest from end-use industries like industrial equipment production and electronics pressured prices downward.

This analysis can be extended to include detailed styrene acrylonitrile price information for a comprehensive list of countries.

North America Styrene Acrylonitrile Price

Q3 2024:

The market across the North American region faced a stable drop during the third quarter of 2024, reflecting a tough period marked by persistent price drops. This factor was largely influenced by the reduced demand for styrene acrylonitrile (SAN) from major industries including electronics and automotive, both of which were impacted by broader worldwide economic uncertainties. In response, manufacturers took a careful approach to new investments, adding to the market's subdued performance. Although supply chains remained stable with balanced inventory levels, this was not enough to offset the weak demand, leading to a continued sliding burden on prices. The USA observed significant shifts, with notable quarter-on-quarter and year-over-year declines. As the quarter concluded, the SAN market remained under pressure, facing challenges in balancing price steadiness amid demand uncertainties.

Q2 2024:

In Q2 2024, the market in North America experienced a steady sliding trend in prices, driven by multiple factors affecting the market environment. Lower feedstock costs, especially for styrene, reduced production expenses and contributed to price declines across the region. In line with this, reduced demand for SAN from major industries including automotive and packaging added to the downturn, with both sectors facing gradual growth and limited SAN consumption. The U.S. recorded the most notable price shifts, with reduced demand and extreme inventory levels sustaining a bearish sentiment, despite a slight improvement in manufacturing indicators. Year-over-year and quarter-over-quarter comparisons highlighted this continued decline, marking a challenging pricing landscape as prices for SAN closed lower.

Q1 2024:

In Q1 2024, North America's market experienced a steady ascending trajectory in pricing. Initial stability in January was soon followed by an increase in prices beginning in February, spurred by rising costs in feedstock styrene and energy. By March, the market reflected a substantial price climb, driven by these higher upstream costs and a stable demand for SAN from sectors like consumer goods manufacturing and automotive. This demand, coupled with efficient inventory management by suppliers, ensured market stability amidst the rising prices. Throughout the quarter, SAN market participants navigated the price increases with strategic planning, keeping a balance between steady supply levels and a proactive approach to meeting consistent industrial demand.

Q4 2023:

During Q4 2023, the North American SAN market faced significant challenges due to various factors. A substantial surplus in product supply from manufacturing facilities resulted in an overloaded market. Additionally, weakened demand in end-use sectors, majorly in household and packaging goods, led to diminished trade activities. The United States, a key market in this region, encountered a downward trend as it was affected by declining demand from international markets and cautious sentiment within leading sectors like automobiles. As the year ended, the market showed signs of stabilization, with a gradual drift from the prolonged decline in prices.

Specific styrene acrylonitrile historical data within the United States and Canada can also be provided.

Middle East and Africa Styrene Acrylonitrile Price

The report explores the styrene acrylonitrile pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on styrene acrylonitrile prices for countries can also be provided.

Asia Pacific Styrene Acrylonitrile Price

Q3 2024:

The market across Asia Pacific witnessed minor price shifts, especially in China, facing prominent shifts during the third quarter of 2024. This period was shaped by weakened demand in industries such as electronics and automotive, alongside challenges from fluctuating raw material costs and worldwide supply chain issues. However, prices in Asia Pacific showed relative stability, exhibiting a careful balance of demand and supply. A slight quarter-on-quarter increase suggested cautious optimism, though, within Q3, there was a slight decline as market pressures persisted. Ending with prices slightly below their early-quarter peak, the market showed signs of tempered recovery but struggled to achieve substantial growth. Persistent economic uncertainties underscored the market’s ongoing challenges in bolstering demand.

Q2 2024:

The market across Asia Pacific witnessed a significant rise in prices, influenced by various market dynamics during the second quarter of 2024. Escalating costs for essential feedstocks like acrylonitrile and styrene, driven by global political tensions, oil price volatility, and supply chain disruptions, played a central role in pushing prices upward. Strong demand for SAN from sectors such as electronics, packaging, and automotive further supported this increase, as industrial activity and constant economic growth boosted SAN consumption across the region. Market players anticipate continued price growth, and accumulated inventories, tightening supply and amplifying the upward trend. South Korea emerged with the highest price shifts, reflecting the strong demand surge and steady supply constraints that underlined the region’s progressive pricing trajectory.

Q1 2024:

The market in the Asia Pacific region experienced a moderate increase in prices during the first quarter of 2024. Initially, the market in China saw stable pricing, reflecting a period of caution as market participants awaited clearer signals. However, by mid-quarter, prices began to rise, driven by incremental increases in feedstock styrene costs, coupled with ongoing logistical challenges, particularly from Korea. Despite the weak demand for SAN from the consumer goods and automotive sectors due to the holiday season, a surge in the demand for SAN from the automotive and electronics industries by March created supply constraints, pushing prices higher. The overall market environment highlighted the gentle equilibrium between strategic selling and careful purchasing, with market players adjusting their positions based on supply disputes and fluctuating demand.

Q4 2023:

In the Asia Pacific region, the SAN market maintained a stable stance throughout Q42023 with adequate demand in end-use industries. Weak fundamentals in feedstock styrene, combined with reduced expenses of energy, encouraged many suppliers to offer discounts as it helped boost engagement. The controlled demand for SAN in sectors like consumer goods also created a prudent outlook for the market. South Korea specifically experienced a downward trend, with increased supply levels contributing to an oversupply market environment. Despite a slight rise in acrylonitrile feedstock, overall market conditions remained subdued due to the ongoing weakness in styrene fundamentals.

This styrene acrylonitrile price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Styrene Acrylonitrile Price

Q3 2024:

The market across Latin America during the third quarter of 2024 encountered a steady drop in prices, influenced by several trends. A worldwide excess of styrene acrylonitrile, paired with failing demand for SAN from sectors such as electronics and automotive, exerted a constant sliding burden on prices. Despite stable supply chains, especially for acrylonitrile feedstock, an imbalance persisted, further challenging the market. Economic uncertainties contributed to a bearish sentiment, with reduced market activity and careful trading across the region. Brazil experienced the most notable price fluctuations, with a steady drop highlighting current market burdens. By the quarter’s end, the prices for styrene acrylonitrile underscored the encounters facing the market as it contends with excess supply and unpredictable demand.

Q2 2024:

During the second quarter of 2024, the market across the Latin American region faced a pronounced drop in prices, due to several trends. Inadequate demand for SAN from primary industries such as electronics and automotive exerted substantial downward pressure, while a drop in feedstock costs for styrene and acrylonitrile further led to the lower pricing trend. The high inventory levels in local markets pushed sellers to provide discounts, intensifying the price drop. Brazil experienced the most notable price changes, mirroring the regional trend of declines in comparison to the previous year. This challenging market environment was underscored by a continued decline in demand, combined with oversupply and reduced procurement, resulting in a consistent downward trajectory throughout the quarter.

Q1 2024:

During Q1 2024, the market in Latin America, particularly in Brazil, saw a significant upward shift in prices. This growth was driven by a combination of factors, including disruptions in the supply chain, and increasing demand for SAN in consumer electronics, coupled with higher costs in major markets, such as acrylonitrile and styrene. As Brazil's manufacturing sector showed signs of growth, due to an increase in the country's producing PMI, the demand for SAN surged, contributing to rising prices. Additionally, Brazil's reliance on styrene acrylonitrile imports from the Middle East and Asia created supply challenges as export growth slowed. This tightening of supplies, along with robust demand in key sectors like packaging and electronics, led to a notable escalation in the styrene acrylonitrile market, reflecting the region’s positive economic momentum amid global trends.

Q4 2023:

The analysis of styrene acrylonitrile prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Styrene Acrylonitrile Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Styrene Acrylonitrile Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of styrene acrylonitrile pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of styrene acrylonitrile at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of styrene acrylonitrile price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing styrene acrylonitrile price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Styrene Acrylonitrile Market Analysis

The global styrene acrylonitrile market size reached 722.3 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 1,090.1 Thousand Tons, at a projected CAGR of 4.70% during 2023-2032.

• Styrene acrylonitrile offers exceptional strength, clarity, and resilience to heat and chemicals, which makes it a popular material in consumer electronics. Manufacturers are employing styrene acrylonitrile for applications like smartphone cases, laptop casings, and other smart devices to accommodate the growing demand for high-performance, thin, and robust consumer electronics. Technological developments and inflating disposable incomes around the world are driving user spending on electronics. As per the United States Census Bureau’s report published in 2022, the real median household income in 2022 was $74,580, decreasing 2.3% from the projection of $76,330 in 2021. Moreover, the overall number of workers went up to 1.7 percent, and the number of full-time, year-round employees increased by 3.4 percent between 2021 and 2022. In addition, the clarity of styrene acrylonitrile also makes it suitable for use in optical fibers and lenses, enhancing the aesthetic and functional qualities of electronic devices. The size of the world market for fiber optics was US$12.6 billion in 2023. The IMARC group projects that by 2032, the market will reach US$ 41.8 billion.
• In the medical industry, styrene acrylonitrile is a useful substance due to its biocompatibility and resistance to sterilizing treatments. It is used in the manufacturing of numerous medical components, including fluid management systems, surgical tool handles, and diagnostic gadgets. Styrene acrylonitrile is widely used in both reusable and disposable medical equipment due to its strength and resistance to bacterial development. Furthermore, Xenco Medical launched its Multilevel CerviKit in 2022, expanding its ASC surgical device portfolio for anterior cervical spine procedures with sterile-packaged, single-use instruments and implants, aiming to streamline surgeries and enhance safety.
• The growing utilization of styrene acrylonitrile for manufacturing various autonomous components, such as dashboard trim, cup holders, and other interior decorative parts, due to its toughness and heat resistance, is offering a favorable market outlook. The increasing focus of the automotive sector on reducing vehicle weight to improve fuel efficiency is driving the demand for lightweight materials like styrene acrylonitrile. Furthermore, the increasing popularity of electric vehicles (EVs), which rely heavily on durable and lightweight materials, is contributing to the market growth. The IMARC group claims that in 2023, the number of EVs sold worldwide was 25.6 million units and that the market value is estimated to reach 381.3 million units in 2032.

Styrene Acrylonitrile News

The report covers the latest developments, updates, and trends impacting the global styrene acrylonitrile market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in styrene acrylonitrile production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the styrene acrylonitrile price trend.

Latest developments in the styrene acrylonitrile industry:

• February 2023: Sumitomo Chemical secured ISCC PLUS certification for acrylonitrile from its Ehime Works, confirming the use of sustainable raw materials. The certification supports Sumitomo's efforts towards environmental sustainability and offers customers certified sustainable products, aiding in greenhouse gas emissions reduction.
• October 2023: Trillium Renewable Chemicals planned to scale up its process for converting plant-based glycerol into acrylonitrile, aiming to reduce the carbon footprint of the product by 70%. The demonstration facility, designed by Zeton, is expected to be operational in 2025.

Product Description

Styrene acrylonitrile is a copolymer made up of styrene and acrylonitrile in varying proportions. It is produced via an emulsion or continuous mass polymerization method in which heat and initiators are used to polymerize the monomers acrylonitrile and styrene. It provides a high level of clarity, which makes it suitable for applications where visibility of contents is important, such as in food containers and cosmetic packaging. It is ideal for use in areas where chemical exposure occurs often, including in industrial applications and medical equipment, owing to its strong resistance to acids, alkalis, greases, oils, and alcohols. It is essential for applications in consumer electronics and automotive parts that are exposed to high heat as it can resist higher temperatures without deforming. It is less expensive, providing producers with an economical option without sacrificing performance or quality.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of styrene acrylonitrile pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting styrene acrylonitrile price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The styrene acrylonitrile price charts ensure our clients remain at the forefront of the industry.