US Styrene Acrylonitrile (SAN) prices advanced as market participants moved to secure prompt volumes amid tightening spot availability. Early February trading remained largely neutral, but mid- to late-February saw suppliers lift offer levels and restrict prompt cargoes, prompting buyers to cover ahead of potential further upside. That momentum extended into early March, with weekly assessments indicating a noticeable uptick. Overall market sentiment was shaped by disciplined seller behavior, active buyer coverage for short-term requirements, and steady demand from the plastics, molding, and extrusion sectors, establishing a bullish tone for SAN DEL New York as participants recalibrated inventories and allocations through the month.
Downstream demand was the key driver for the rise: processors and buyers remained actively engaged, accepting higher offers to secure short-term SAN feedstock. Sustained purchasing supported mid-month procurement, with buyers prioritizing coverage to ensure production continuity. Spot-focused purchasers without contracts faced tighter...
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