In August xxxx, the U.S. Styrene Acrylonitrile market experienced nominal price changes, showcasing a sensitive balance between supply and demand. As of the fourth week, Styrene Acrylonitrile was being traded at USD x,xxx per MT on FOB 鈥� Houston basis, after witnessing a nominal reduction in the preceding week, prior to which the prices remained stable in the first two weeks of this month.
The consistency in price seen in early August, identical to the trends observed in July, indicates a period of stability in the Styrene Acrylonitrile market. This was followed by a minor decline during the third week of August, due to the subtle changes in demand from key sectors such as automotive and electronics, where Styrene Acrylonitrile is widely used. The decrease in price was further affected by an oversupply in the market, as manufacturers focused on managing inventory levels amidst economic uncertainties...
