August European SAN prices increase €15-40/tonne

27 August 2013 23:59  [Source: ICIS news]

Prices in the European styrene acrylonitrile (SAN) market have increased by €15/tonne ($20/tonne) for compounding grade and €30-40/tonne for commercial and specialty grade, sources said on Tuesday.

Commercial and specialty grade prices increased by €30-40/tonne in August, because of the €47/tonne rise in the August feedstock styrene contract price, which was followed later in the month by a €33-35/tonne increase in acrylonitrile (ACN).

Compounding grade prices settled earlier in August at an increase of €15/tonne, lower than the other grades because of competitively-priced Asian material being imported into Europe.

European producers kept prices compounding grade prices stable in order to sell additional volumes, a compounder said.

August is a traditionally quiet month as many players are absent from the market due to summer vacations, prolonging the price discussion process.

Thoughts are now turning to September and the start of the feedstock contract price negotiations, particularly with the firming benzene numbers and current bullishness of spot styrene prices.

($1 = €0.75)

By: Matt Tudball
+44 208 652 3214

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