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Stable SAN Prices in the U.K. Amid Economic Slowdown and Balanced Supply-Demand in July 2024

Stable SAN Prices in the U.K. Amid Economic Slowdown and Balanced Supply-Demand in July 2024

Peter Schmidt 25-Jul-2024

In July xxxx, the price of SAN in the United Kingdom is remaining steady at USD x,xxx per metric ton on an FD – Immingham basis. This stabilization is following a period of notable fluctuations observed in May and June xxxx, driven by various market dynamics and economic factors.

This period of stability began with a slight decline from mid-June, when SAN prices experienced a downward trend. Beginning from the end of May till the second week of June, the price saw a decline of approximately xx per metric ton. The key factors contributing to this decline included reduced demand from key downstream industries such as automotive and electronics, added with broader economic challenges. The UK&#xx;s manufacturing sector indicated signs of slowing growth, with the PMI declining in June, indicating a decline in international sales and overall weak demand conditions.

From mid-June to...

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