For the Quarter Ending December 2025
North America
• In the USA, the Styrene Acrylonitrile Price Index fell by 0.47% quarter-over-quarter, reflecting balanced supply.
• The average Styrene Acrylonitrile price for the quarter was approximately USD 2173.00/MT per FOB Houston.
• Styrene Acrylonitrile Spot Price remained range-bound as inventories and freight stability limited significant market volatility.
• Styrene Acrylonitrile Price Forecast points to modest gains from seasonal restocking and measured feedstock firmness.
• Styrene Acrylonitrile Production Cost Trend stayed subdued because upstream styrene costs were only marginally higher.
• Styrene Acrylonitrile Demand Outlook remains moderate, supported by medical and packaging sectors despite electronics weakness.
• Styrene Acrylonitrile Price Index showed limited q/q variation as domestic production and imports met consumption.
• Inventory positions were adequate; constrained export demand and disciplined seller offers kept spot availability orderly.
Why did the price of Styrene Acrylonitrile change in December 2025 in North America?
• Balanced domestic output and Asian imports prevented supply shocks, keeping SAN prices subdued during December.
• Stable feedstock costs limited production cost pressures, reducing need for manufacturers to raise SAN prices.
• Normalized freight and port operations eased landed competition, while cautious procurement tempered spot buying momentum.
APAC
• In Indonesia, the Styrene Acrylonitrile (SAN) Price Index fell by 3.77% quarter-over-quarter, reflecting weaker import demand.
• The average Styrene Acrylonitrile price for the quarter was approximately USD 1275.33/MT CFR Tanjung Priok
• Styrene Acrylonitrile Spot Price softened as abundant imports and muted converter enquiries reduced spot demand.
• Styrene Acrylonitrile Price Forecast shows short-term softness but recovery if restocking and maintenance tighten supply.
• Styrene Acrylonitrile Production Cost Trend remained subdued as regional styrene and naphtha costs eased modestly.
• Styrene Acrylonitrile Demand Outlook points to cautious downstream buying amid seasonal moderation and selective procurement.
• Price Index movements reflected comfortable inventories and steady export flows, with no significant plant outages.
Why did the price of Styrene Acrylonitrile change in December 2025 in APAC?
• Ample import inflows and steady regional supply kept landed volumes high, pressuring domestic Price Index.
• Stable feedstock styrene and lower naphtha eased production costs, limiting pressure on SAN Price Index.
• Cautious downstream procurement after seasonal restocking reduced spot enquiries while port congestion briefly disrupted nominations.
Europe
• In France, the Styrene Acrylonitrile Price Index fell by 12.25% quarter-over-quarter, driven by subdued demand.
• The average Styrene Acrylonitrile price for the quarter was approximately USD 2199.00/MT, per reported quarterly totals.
• Recent Styrene Acrylonitrile Spot Price volatility eased December as inventories stabilized and buying remained cautious.
• Short-term Styrene Acrylonitrile Price Forecast indicates recovery pressure as seasonal demand and logistical improvements materialize.
• Feedstock dynamics kept the Styrene Acrylonitrile Production Cost Trend muted despite minor styrene price fluctuations.
• Styrene Acrylonitrile Demand Outlook remains moderate with packaging and medical sectors sustaining baseline consumption levels.
• Elevated inventories and import competition pressured the Price Index through November, moderating seller pricing confidence.
• Export demand to Southeast Asia supported clearances while producers managed runs, stabilizing near-term Price Index.
Why did the price of Styrene Acrylonitrile change in December 2025 in Europe?
• Balanced supply with steady imports and normal plant operating rates reduced urgency for price increases.
• Moderate feedstock costs and improved logistics lowered production cost pressures, limiting upward price momentum significantly.
• Soft downstream demand from automotive and cautious buyer sentiment weighed on December pricing dynamics moderately.
South America
• In Brazil, the Styrene Acrylonitrile Price Index fell by 0.68% quarter-over-quarter, reflecting weak demand, ample imports.
• The average Styrene Acrylonitrile price for the quarter was approximately USD 2031.33/MT, as reported by import totals.
• Styrene Acrylonitrile Spot Price remained range-bound, keeping the Price Index steady amid balanced imports and inventories.
• Styrene Acrylonitrile Price Forecast shows modest upside from seasonal restocking, tempered by elevated distributor stock levels.
• Styrene Acrylonitrile Production Cost Trend reflects mild feedstock styrene firming, applying upward pressure on producer margins.
• Styrene Acrylonitrile Demand Outlook remains moderate as packaging and electronics sustain need-based procurement, limiting speculative restocking.
• Styrene Acrylonitrile Price Index stayed subdued with steady imports and distributor stocks reducing immediate spot liquidity.
• Major regional suppliers ran normally; ABS substitution and steady derivative demand overall tempered SAN spot buying.
Why did the price of Styrene Acrylonitrile change in December 2025 in South America?
• Ample import flows and distributor inventories relieved supply tightness, reducing upward price pressure in December.
• Feedstock styrene showed mild firmness but exporters absorbed costs; freight softness limited logistics-driven price increases.
• Moderate demand from packaging and electronics, plus cautious buying and high processor stocks curtailed procurement.
Quarter Ending September 2025
North America
• In USA, the Styrene Acrylonitrile Price Index fell by 1.2% quarter-over-quarter, reflecting weak downstream demand.
• The average Styrene Acrylonitrile price for the quarter was approximately USD 2183.33/MT, reflecting range-bound trading.
• Styrene Acrylonitrile Spot Price pressure persisted as buyers delayed purchases, ample domestic supply and plants.
• Analysis of Styrene Acrylonitrile Production Cost Trend shows limited cost-push from cheaper styrene and energy.
• The Styrene Acrylonitrile Price Index has been range-bound, with neutral sentiment and logistical cost impacts.
• Export demand to Latin America and Gulf disruptions could tighten supply, supporting spot price upticks.
Why did the price of Styrene Acrylonitrile change in September 2025 in North America?
• Balanced domestic production and steady inventories limited price upside while maintaining adequate market supply levels.
• Weak downstream demand from electronics and packaging sectors reduced procurement urgency and softened SAN offtake.
• Lower feedstock styrene costs and stable logistics dampened production cost pressures, restraining upward price momentum.
APAC
• In Indonesia, the Styrene Acrylonitrile Price Index fell by 2.38% quarter-over-quarter, reflecting moderate oversupply pressure.
• The average Styrene Acrylonitrile price for the quarter was approximately USD 1325.33/MT, CFR-basis.
• Styrene Acrylonitrile Spot Price remained range bound as balanced imports and steady feedstock costs limited upside.
• Styrene Acrylonitrile Production Cost Trend softened as lower styrene and naphtha prices improved margins modestly.
• High inventories across markets and imports pressured Styrene Acrylonitrile Price Index, limiting seller pricing power.
Why did the price of Styrene Acrylonitrile change in September 2025 in APAC?
• Moderating downstream demand after restocking reduced buying and weighed on Styrene Acrylonitrile Price Index
• Ample import supply and high inventories pressured offers, while freight and currency volatility added uncertainty
• Lower styrene and naphtha costs eased production cost trends, but did not stimulate procurement activity
Europe
• In France, the Styrene Acrylonitrile Price Index fell by 11% quarter-over-quarter, due to weak demand and ample supply.
• The average Styrene Acrylonitrile price for the quarter was approximately USD 2506.00/MT.
• Styrene Acrylonitrile Spot Price weakened amid steady imports, keeping domestic Price Index under ongoing downward pressure.
• The Styrene Acrylonitrile Production Cost Trend eased as lower styrene and naphtha reduced upstream cost support.
• Elevated inventories and competitive import offers pressured the Price Index, constraining spot offtake and negotiating leverage.
• Major French producers kept normal operating rates, sustaining output and limiting upward pressure on Spot Price.
Why did the price of Styrene Acrylonitrile change in September 2025 in Europe?
• Ample styrene and acrylonitrile inflows maintained plentiful supply, removing scarcity premiums and weakening September Price Index.
• Lower feedstock and naphtha costs eased production cost pressure, reducing urgency for run cuts in September.
• Muted downstream demand and high domestic inventories limited buying, while exports only partially absorbed surplus volumes.
South America
• In Brazil, the Styrene Acrylonitrile Price Index rose nominally by 0.11% quarter-over-quarter, reflecting marginal supply tightness.
• The average Styrene Acrylonitrile price for the quarter was approximately USD 2045.33/MT, signaling stable equilibrium.
• Stable supply and elevated inventories kept Styrene Acrylonitrile Spot Price range-bound, restraining the Price Index.
• Lower styrene feedstock eased the Styrene Acrylonitrile Production Cost Trend, limiting producers' margin-driven price increases.
• Port congestion and delayed imports intermittently tightened supply, nudging the Styrene Acrylonitrile Price Index upwards.
• Steady plant runs, and export inquiries limited volatility, keeping Styrene Acrylonitrile Price Index movements largely contained.
Why did the price of Styrene Acrylonitrile change in September 2025 in South America?
• High downstream inventories reduced urgent buying, weakening demand and applying downward pressure on Price Index.
• Moderate styrene feedstock costs eased production economics; Production Cost Trend did not support price increases.
• Port congestion and intermittent freight delays affected import timing, creating localized supply tightness and caution.
For the Quarter Ending June 2025
North America
• The Styrene Acrylonitrile Price Index in the U.S. showed a modest decline in Q2 2025, following a continuation of bearish momentum from Q1 amid persistent weak downstream demand.
• In April, subdued procurement from the automotive and electronics segments tempered pricing sentiment despite average feedstock levels.
• May remained flat as weak contract volumes persisted, and inventory levels remained elevated at key converter hubs.
• In June 2025, prices dipped further as feedstock pressures eased and buyers deferred purchases, leading to soft offtake through the quarter close.
• The Styrene Acrylonitrile Production Cost Trend softened in Q2 due to easing styrene and acrylonitrile feedstock prices and controlled logistic costs.
• The Styrene Acrylonitrile Demand Outlook remained subdued, with weak activity from core sectors like automotive, electronics, and appliance moulding despite stable downstream interest.
Why did the price of Styrene Acrylonitrile remain lower in July 2025 in North America?
• In July 2025, the Price Index remained average as downstream demand stayed muted amid slow restocking.
• The Q3 Styrene Acrylonitrile Price Forecast expects range bound to slightly soft pricing unless industrial orders strengthen.
APAC
• In China, the Styrene Acrylonitrile Price Index exhibited fluctuating movement across Q2 2025 as upstream styrene and acrylonitrile feedstock costs underwent alternating pressures.
• In April, SAN prices remained stable amid moderate demand from electronics and packaging industries, while raw material styrene showed mild increases.
• During May, the market witnessed a downward correction as acrylonitrile prices fell slightly, and downstream converters limited fresh procurement amid sufficient stocks.
• In June 2025, SAN prices rose again modestly, supported by a marginal recovery in feedstock styrene and improving sentiments in the home appliances segment.
• The Styrene Acrylonitrile Production Cost Trend remained manageable through Q2 2025 as upstream volatility balanced out by quarter-end.
• The Styrene Acrylonitrile Demand Outlook in China was steady, with appliance manufacturing, automotive interiors, and electronics sectors offering consistent offtake through Q2.
Why did the price of Styrene Acrylonitrile change in July 2025 in China?
• In July 2025, the Price Index saw mild improvement due to short-term restocking and modest feedstock gains.
• The Q3 Styrene Acrylonitrile Price Forecast indicates cautious optimism, supported by seasonal downstream inquiries.
Europe
• In Germany, the Styrene Acrylonitrile Price Index showcased a mixed trend across Q2 2025, reflecting intermittent demand and modest volatility in feedstock pricing.
• During April and May, SAN prices remained lower as downstream automotive and packaging sectors showed average offtake, while feedstock costs were largely neutral.
• In June 2025, prices corrected further, pressured by a slowdown in procurement from buyers awaiting clearer signals on raw material movement.
• The Styrene Acrylonitrile Production Cost Trend remained steady in Q2, supported by normalized input prices and smooth logistics operations across central Europe.
• The Styrene Acrylonitrile Demand Outlook remained cautiously optimistic, with moderate activity in the electronics, automotive interiors, and consumer goods sectors.
Why did the price of Styrene Acrylonitrile change in July 2025 in Germany?
• In July 2025, the Price Index decreased further due to average demand from moulding applications.
• The Q3 Styrene Acrylonitrile Price Forecast points to mild price movement barring major feedstock swings.
For the Quarter Ending March 2025
North America
The Styrene Acrylonitrile (SAN) market in North America remained largely bearish during the first quarter of 2025. Market sentiment was cautious throughout the quarter due to weak downstream demand, particularly from the electronics and automobile industries. January began with reduced procurement, and manufacturers reported limited contract volumes amid high inventory levels.
February saw a brief stabilization in market sentiment as downstream plastic companies initiated short-term restocking. However, demand remained inconsistent, and overall market activity was restrained. By March, SAN prices had dropped by approximately 1.8% from January levels, driven by decreased offtakes and reduced raw material costs. Feedstock prices for styrene and acrylonitrile were mostly average, offering limited cost pressure. Domestic production ran at moderate rates, with no significant supply disruptions.
Export activity stayed weak due to reduced buying interest from Latin American countries. The oversupplied conditions and conservative downstream buying patterns kept price gains in check. Market players adopted a wait-and-see approach, anticipating improved seasonal demand in the coming quarter, and the SAN market closed the quarter with prices at USD 2,230 per MT.
APAC
The Asia-Pacific SAN market displayed mixed trends across Q1 2025, heavily influenced by seasonal disruptions and regional feedstock dynamics. In China, SAN prices declined steadily, registering a cumulative 2.1% drop from January to March amid bearish downstream demand and lower styrene costs. The Lunar New Year holiday in February further affected the productions and procurement activities. India witnessed fluctuations during the quarter, with prices dropping during the initial days, before rebounding in mid-March on the back of strong demand from the automobiles and electronics sectors. South Korea’s market remained under pressure, with prices falling by around 2% over the quarter due to limited export activity and average domestic consumption. In Indonesia, SAN prices decreased gradually as Ramadan-induced slowdowns weighed on automobiles and electronics demand. Import availability across the region remained sufficient, and manufacturers operated cautiously. Despite marginal restocking in March, overall sentiment remained moderate, with downstream buyers being concerned of further price corrections. Production costs saw minimal volatility, resulting in a stable-to-average pricing tone throughout Q1.
Europe
The European SAN market observed moderate movement through Q1 2025, reflecting limited demand and a balanced supply scenario. In Germany, the quarter commenced with stable pricing in January as downstream industries, particularly household appliances and automobiles, maintained average usage levels. February showed slight signs of restocking, particularly among plastic companies anticipating spring demand. However, limited buying interest from the packaging and electronics sectors constrained price growth. In March, SAN prices saw a decline of 1.1%, primarily due to reducing demand and increased inventory levels in the market. Feedstock prices for styrene and acrylonitrile remained largely average during the period, offering no significant cost support for manufacturers. Domestic production was consistent, but several suppliers adopted flexible operating rates to manage oversupply. Export volumes remained low, particularly to Eastern European and Turkish markets. Overall, the European SAN market came across Q1 with limited volatility, shaped by the reduced performance of the downstream companies and cautious procurement practices, while market participants closely watched the demand conditions heading into the upcoming quarter.
South America
In Q1 2025, the South American SAN market experienced mild fluctuations, supported by balanced supply but constrained by slow industrial demand. Prices of SAN in Brazil settled at USD 1,535/MT by the end of March, reflecting only a nominal decline from January, attributed to steady but moderate procurement from packaging and household appliances segments. The automobiles sector struggled with bearish retail momentum due to higher interest rates and macroeconomic concerns, limiting SAN usage in interior components. February witnessed a brief growth in activity due to seasonal restocking, but March saw reduction in demand as downstream manufacturers prioritized average inventories. Import availability from Asia remained uninterrupted, keeping domestic supply adequate across major markets like Argentina, Chile, and Brazil. Feedstock costs did not exert significant pressure on production margins. Local manufacturers operated at conservative rates to align with regional usage patterns. The overall market remained normal, with expectations of slight improvement in Q2 as infrastructure and automobile investments are expected to rebound in key economies in the region.
