Styrene Acrylonitrile Prices In USA
- United States: 2055 USD/MT
The price of styrene acrylonitrile was recorded at USD 2055/MT in Q4.
The latest report by IMARC Group, titled "Styrene Acrylonitrile Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the styrene acrylonitrile price trend. This report delves into globally, presenting a detailed analysis, along with an informative Price Chart. Through comprehensive Price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Styrene Acrylonitrile Prices December 2023:
- United States: 2055 USD/MT
- South Korea: 1285 USD/MT
- Belgium: 2330 USD/MT
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The study delves into the factors affecting styrene acrylonitrile price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Styrene Acrylonitrile Price Trend- Q4 2023
The increasing purchase of personal automobiles is impelling the growth of the market. Styrene acrylonitrile (SAN) is favored in automotive applications due to its durability and resistance to heat and chemicals. It is commonly used in the manufacturing of components, such as radiator grilles, battery cases, and interior trims. As the demand for lightweight and fuel-efficient vehicles is growing, the use of SAN in the automotive industry is rising. Another notable trend is the rising demand for SAN in the medical industry. SAN is preferred for medical applications because of its clarity, which allows for easy observation of fluids, and its resistance to sterilization processes. It is widely used in the production of medical devices, such as syringes, intravenous (IV) components, and dental instruments. Moreover, as healthcare standards are improving globally and the medical device industry is innovating, the demand for SAN is growing. Technological advancements in polymer chemistry and manufacturing processes are supporting the market growth. Innovations in production technologies have improved the properties of SAN, making it more versatile and expanding its application range.
Styrene Acrylonitrile Industry Analysis
The SAN market experienced a challenging situation in North America during the fourth quarter if 2023. The market witnessed a surplus supply of products moving from manufacturing units, leading to an oversupply situation. Moreover, deteriorating needs from downstream industries, specifically from overseas segments like packaging and household manufacturing units, resulted in subdued trading situations. The market in the USA experienced a bearish trend during the quarter, primarily due to reduced demand from overseas sectors. However, attractive end-user consumption in key industries like automotive and packaging pushed the market sentiments downward. There was no significant plant shutdown during the quarter.
In South Korea, the SAN market experienced a bearish situation during December 2023 with high supply and repetitive rising quantities of material from manufacturing units. As a result, there was an oversupply situation during the quarter. Although feedstock acrylonitrile experienced a recent uptick, the existing weakness in major feedstock styrene fundamentals persisted, with lower energy prices reducing the overall production cost of the product.
In Europe, the SAN market experienced a stable to bearish trend during December 2023 due to several factors. Oversupply owing to regular inflows of material from production units and moderate to low demand from downstream sectors like packaging and consumer goods manufacturing played a major role in the declining price trend. A major escalation in the cost of SAN feedstock was visible whereas there was a considerable decline in the market valuation of styrene, which affected the sector in Belgium. The market showed an overall stable supply trend with moderate demand from the downstream sectors.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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