A SAN buyer said it expects January prices to increase, but does not yet know by how much.
“SAN prices could increase by €30-50/tonne, but nothing is fixed yet,” the buyer said.
Some SAN buyers had purchased material from South Korean providers prior to the Christmas holidays so are not in a hurry to start negotiations with European producers. Others are still returning from vacation and have not yet started discussions.
A second European ABS producer said last week it intends to increase its ABS prices by €50-60/tonne, more than the combined feedstock increases in styrene, ACN and butadiene (BD), which rose €10/tonne in January.
Both SAN and ABS price discussions continue.
($1 = €0.73)