Europe SAN January contract prices rise €40-60/tonne

22 January 2013 23:59  [Source: ICIS news]

LONDON (ICIS)--European styrene acrylonitrile (SAN) January contracts have settled at an increase of €40-60/tonne, buyers and sellers said on Tuesday.

The increase in price was attributed to the €60/tonne ($80/tonne) rise in the January feedstock styrene barge contract price.

Compounding grade SAN was assessed at €2,000-2,030/tonne FD (free delivered) NWE (northwest Europe), commercial grade at €2,240-2,380/tonne FD NWE and speciality grade at €2,470-3,200/tonne FD NWE according to ICIS.

European suppliers are seeing demand for SAN is in line with expectations for the time of year.

“We are seeing relative good demand in January for restocking”, a major producer said.

However, some buyers are concerned that restocking activity will fizzle out, and end-use market consumers are still feeling reluctant to build up inventories and make large purchases.

“SAN demand is a bit worrying”, a distributor said. “One customer has stopped taking product because its [end-use products] are not being sold,” it added.

Supply levels are good and there is plenty of product available for purchase as and when needed.

SAN is used in household and sanitary applications, office articles, cosmetic packaging, transparent covers, lighters, sanitary applications and battery housings.

($1 = €0.75)

By: Matt Tudball
+44 208 652 3214

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