In the global market, Acrylonitrile Styrene Acrylate (ASA) prices experienced a significant decline in November. This decline in the ASA price is primarily due to a sharp reduction in feedstock prices, particularly Styrene and Acrylate monomers. Furthermore, effective inventory management by market participants has played a key role in reducing bidding activities, which has further contributed to the downward pressure on ASA prices. This combination of lower feedstock costs and controlled inventory levels has been instrumental in shaping the overall price decline in the ASA market.
As of November, ASA prices in the South Korean market dropped to x,xxx USD/MT FOB-Busan. The primary driver behind this ASA price decline was a significant decrease in feedstock prices, with Styrene and Acrylate monomers registering sharp reductions of xxx and x.xxx, respectively. Although Acrylonitrile prices rose by x.xx, its impact on overall production costs was minimal. Additionally, subdued domestic and...
