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Steady Rise in Styrene Acrylonitrile Prices Amid Supply Constraints in South Korea

Steady Rise in Styrene Acrylonitrile Prices Amid Supply Constraints in South Korea

Stella Fernandes 02-May-2024

In recent weeks, the Styrene Acrylonitrile market in South Korea has exhibited a remarkable trend of consistent price increases, concluding in a stable trading price towards the final week of April xxxx. Over the course of the month, the price of Styrene Acrylonitrile has risen significantly, pointing out a tight supply situation paired with robust demand from key industrial sectors.

Beginning from the last week of March, Styrene Acrylonitrile was traded at approximately USD x,xxx per metric ton. Subsequently, the price witnessed a steady rise, climbing by nearly x.xx by the first week of April. This ascending trajectory continued into the second week of April, where prices further increased, marking an overall growth of approximately x.xxx from late March to mid-April.

Despite a momentary stabilization in feedstock prices towards the end of March, the upward pressure on Styrene Acrylonitrile prices persisted due to constrained market availability...

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