March xxxx proved to be a dynamic period for the Styrene Acrylonitrile market in the United States, showcasing a notable shift from stability to a marked price escalation by month’s end. Throughout the early days of March, the cost of Styrene Acrylonitrile remained stable, with prices lingering at USD x,xxx per metric ton, as observed by market analysts on FOB - Houston basis. This period of equilibrium was attributed to adequate stock levels balancing out the consumption needs, particularly in the automotive and construction sectors.
However, despite the constant availability, the demand for Styrene Acrylonitrile in these industries presented only a nominal increase, which existing inventories could easily satisfy. Economic indicators, like the U.S. Manufacturing PMI, expanded in March, inferring at a robust demand for Styrene Acrylonitrile from health and manufacturing sectors during that period. Nonetheless, this did not translate into heightened consumption immediately.
