In February xxxx, the price of Acrylonitrile Styrene Acrylate (ASA) experienced a decline, primarily due to reduced sourcing prices from major exporter South Korea. This decline attributed to a decrease in Acrylates prices in the feedstock market, while Acrylonitrile prices saw a notable increase. Market participants have observed suppliers accumulating bulk quantities over the past few months. This accumulation led to a retracement in supplier actions, contributing significantly to the decrease in ASA prices in the global market. Overall, these factors have led to a downward trend in ASA pricing, influenced by changes in feedstock costs and supplier behavior.
In the US market, Acrylonitrile Styrene Acrylate (ASA) prices experienced a notable decrease in February, dropping to xxxx USD/MT CFR-Texas, marking a decline of x.xxx. This reduction can be primarily attributed to a decrease in prices from major exporter South Korea. Despite this, the downstream Automobile market in...
