FD Hamburg: The European Styrene Acrylonitrile (SAN) market is witnessing a pricing downturn, driven by subdued demand from the downstream sector and substantial end-user inventories. In contrast, SAN prices in the US and Chinese markets remain stable, but globally, a consistent downward trajectory is observed, signaling a distribution phase. Observations reveal cautious buyer strategies and sellers capitalizing on profit-taking opportunities. The extended seasonal holiday period has led to reduced staff and weakened demand, adding to the cautious market behavior.
The pricing trend in the European SAN market continues to show a decline, despite sustained demand in consumer goods manufacturing. However, unresponsive demand from the automotive parts manufacturing sector has led to cautious market sentiment. The presence of significant inventories among end-users has further contributed to a slowdown in trading activities over the past week. The price decrease is attributed to weakened feedstock...
