Europe December SAN up €20-40/t on feedstocks, strong demand

21 December 2010 23:59  [Source: ICIS news]

LONDON (ICIS)--European December styrene acrylonitrile (SAN) contracts were settled at an increase of €20-40/tonne ($26-53/tonne) from November because of higher feedstock costs and unusually strong year-end demand, buyers and sellers said on Tuesday.

SAN compounding grade for December was assessed at €1,770-1,780/tonne FD (free delivered) NWE (northwest Europe).

While an increase was expected due to the gains seen on December styrene barge contracts, strong demand this month also played a factor.

The key reason for the unexpectedly high demand was ongoing tightness in the poly methylmethacrylate (PMMA) market, an alternative plastic used in automotive and building applications, which meant that many players were switching to SAN.

January was already looking to be a strong month demand wise, and some sources predicted increases of up to €60/tonne. However, the amount would depend on where the styrene monomer barge contracts eventually settled.

($1 = €0.76)

For more on SAN visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Truong Mellor
+44 208 652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly