𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ provides price assessments for Styrene Acrylonitrile (SAN) across top trading regions:
Asia-Pacific
- Styrene Acrylonitrile (SAN) Easy Flow GPIM (MFI:23-66) CIF Shanghai (South Korea), China
- Styrene Acrylonitrile (SAN) Easy Flow GPIM (MFI:>30) Ex – Baddi, India
- Styrene Acrylonitrile (SAN) Easy Flow GPIM (MFI:23-66) CIF Nhava Sheva (South Korea), India
- Styrene Acrylonitrile (SAN) Easy Flow GPIM (MFI:23-66) CIF Jakarta (South Korea) , Indonesia
- Styrene Acrylonitrile (SAN) Easy Flow GPIM (MFI:23-66) FOB Busan, South Korea
Europe
- Styrene Acrylonitrile (SAN) Easy Flow GPIM (MFI:21-22) FOB Rotterdam, Netherlands
- Styrene Acrylonitrile (SAN) Easy Flow GPIM (MFI:21-22) FD Genoa, Italy
- Styrene Acrylonitrile (SAN) Easy Flow GPIM (MFI:21-22) FD Le Havre, France
- Styrene Acrylonitrile (SAN) Easy Flow GPIM (MFI:21-22) FOB Hamburg, Germany
- Styrene Acrylonitrile (SAN) Easy Flow GPIM (MFI:21-22) FD Antwerp, Belgium
- Styrene Acrylonitrile (SAN) Easy Flow GPIM (MFI:23-66) CIF Mersin (South Korea), Turkey
North America
- Styrene Acrylonitrile (SAN) Easy Flow GPIM (MFI:21-22) FOB Houston, USA
South America
- Styrene Acrylonitrile (SAN) Easy Flow GPIM (MFI:23-66) CIF Santos (South Korea), Brazil
- Styrene Acrylonitrile (SAN) Easy Flow GPIM (MFI:21-22) CIF Santos (Germany), Brazil
Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.
Styrene Acrylonitrile (SAN) Price Trend Q1 2026
In Q1 2026, the global Styrene Acrylonitrile (SAN) market has been experiencing a strong upward trend, with prices increasing by approximately 2–18% across key regions. In Europe, markets including Belgium, France, Germany, and Italy have been recording notable gains, supported by rising energy and feedstock costs along with improved demand from ABS and specialty polymer manufacturers.
In the USA, SAN prices have been increasing moderately due to steady demand and balanced supply conditions. In India, prices have surged significantly, driven by strong domestic demand and higher import costs. Overall, the SAN market has been influenced by firm styrene and acrylonitrile feedstock values, regional production dynamics, and active procurement.
A major price increase has been observed in the last month of the quarter, particularly in March, as Middle East disruptions, including Iran-Israel tensions, have impacted feedstock availability, energy costs, and global supply chains, leading to a sharp upward movement in prices across regions.
Belgium: SAN Domestically traded prices FD Antwerp, Belgium; Grade- Easy Flow GPIM (MFI:21-22)
In Q1 2026, Styrene Acrylonitrile (SAN) prices in Belgium (FD Antwerp) have increased by around 6.9%, reflecting a firm recovery supported by rising production costs and tightening regional supply conditions. The SAN price trend in Belgium has been influenced by elevated styrene and acrylonitrile prices due to constrained benzene availability and higher energy costs across Europe.
Escalating geopolitical tensions around the Strait of Hormuz disrupted petrochemical exports from the Gulf, reducing feedstock inflows into Europe and tightening regional supply availability. Demand from ABS and engineering plastics sectors has shown gradual improvement, further supporting pricing momentum.
In March 2026, SAN prices have surged by around 18.9% compared to February, driven by significant Middle East disruptions impacting LNG supply and increasing energy costs for petrochemical production. Naphtha shipment delays through key trade routes such as the Suez Canal have further restricted styrene output, while ongoing transit risks and vessel delays across Middle Eastern export routes further slowed cargo arrivals into Europe, intensifying short-term supply tightness.
Brazil: SAN Import prices CIF Santos (South Korea), Brazil; Grade- Easy Flow GPIM (MFI:23-66)
In Q1 2026, SAN prices in Brazil (CIF Santos from South Korea) have increased by around 2.6%, supported by stable import demand and moderate cost increases from Asian suppliers. The SAN price trend in Brazil has been influenced by steady consumption from ABS and plastics sectors, while supply flows from South Korea have remained consistent during most of the quarter.
Freight rates and shipping conditions have contributed to overall pricing stability, while heightened security concerns and partial transit disruptions near the Strait of Hormuz altered global shipping patterns, tightening vessel availability and exerting indirect pressure on freight movement toward Latin America.
In March 2026, prices have surged sharply by around 18.4% compared to February, driven by increased freight costs and global supply disruptions linked to Middle East tensions. Shipping delays and higher insurance premiums have impacted cargo movement, tightening availability in Brazil.
Additionally, rising styrene and acrylonitrile costs in exporting countries have elevated import prices, while extended transit durations and logistical bottlenecks further constrained timely arrivals. Overall, the market has reflected a firm tone toward the quarter’s end due to logistical challenges and higher upstream costs.
China: SAN Import prices CIF Shanghai (South Korea), China; Grade- Easy Flow GPIM (MFI:23-66)
In Q1 2026, SAN prices in China (CIF Shanghai from South Korea) have increased by around 3.9%, reflecting improved demand from domestic ABS and polymer manufacturers alongside rising import costs. The SAN price trend in China has been influenced by strengthening styrene and acrylonitrile prices due to tightening supply conditions in Northeast Asia.
Import dependency has kept pricing sensitive to external disruptions, while trade flow uncertainties stemming from tensions near the Strait of Hormuz disrupted upstream supply chains and increased procurement risks for Asian buyers. In March 2026, SAN prices have surged by around 18.4% compared to February, driven by Middle East disruptions that increased freight rates and delayed shipments, tightening supply inflows.
Force majeure at regional suppliers and export delays from South Korea have further restricted availability. Rising benzene costs have also increased production expenses. Overall, the market has shown a firm upward trajectory, supported by higher import costs, logistical disruptions, and improving downstream demand across China.
France: SAN Domestically traded prices FD Le Havre, France; Grade- Easy Flow GPIM (MFI:21-22)
In Q1 2026, SAN prices in France (FD Le Havre) have increased by around 6.8%, supported by rising energy costs and tightening feedstock availability. The SAN price trend in France has been influenced by firm styrene and acrylonitrile markets due to constrained benzene supply and elevated production costs across Europe.
Demand from automotive and engineering plastics sectors has shown slight improvement, supporting price growth, while heightened instability in Middle Eastern export corridors, particularly around the Strait of Hormuz, constrained energy inflows into Europe and intensified cost pressures for petrochemical producers.
In March 2026, prices have surged by around 18.6% compared to February, driven by severe energy cost escalation following disruptions in LNG supply from the Middle East. Naphtha shipment delays and reduced refinery throughput have further tightened styrene production.
Additionally, limited availability from regional producers has strengthened supplier pricing power. Overall, the market has reflected a strong upward trend, driven by cost-push factors and restricted supply conditions.
Germany: SAN Domestically traded prices FD Hamburg, Germany; Grade- Easy Flow GPIM (MFI:21-22)
In Q1 2026, SAN prices in Germany (FD Hamburg) have increased by around 7.0%, reflecting firm market fundamentals supported by higher feedstock and energy costs. The SAN price trend in Germany has been influenced by rising styrene and acrylonitrile prices due to constrained benzene supply and steady downstream demand from engineering plastics sectors.
Domestic supply conditions have remained balanced, supporting gradual price increases, while supply uncertainties linked to constrained petrochemical flows via the Strait of Hormuz reduced feedstock availability across Europe and amplified pricing pressure.
In March 2026, prices have surged by around 19.0% compared to February, driven by Middle East disruptions affecting LNG availability and significantly increasing energy costs for petrochemical production.
Delays in naphtha shipments have further tightened feedstock supply, while reduced operating rates at key styrene facilities have limited availability. Overall, the German SAN market has reflected a strong upward trend, supported by rising production costs and constrained regional supply dynamics.
India: SAN Domestically traded prices Ex-Baddi, India; Grade- Easy Flow GPIM (MFI:>30)
In Q1 2026, SAN prices in India (Ex-Baddi) have increased significantly by around 17.5%, reflecting strong cost-push factors and tightening supply conditions. The SAN price trend in India has been influenced by rising styrene and acrylonitrile prices along with increased import costs supporting this upward trend.
Domestic demand from appliances, automotive, and consumer goods sectors has remained steady, contributing to higher consumption levels, while disruptions in key energy and petrochemical transit routes near the Strait of Hormuz constrained feedstock inflows into India, elevating production costs for domestic manufacturers.
In March 2026, prices have surged sharply by around 35.7% compared to February, driven by Middle East disruptions that impacted LPG and naphtha supply, increasing production costs for domestic manufacturers.
Shipping delays and higher freight charges have further restricted feedstock availability, tightening supply in the local market. Limited imports combined with elevated domestic costs have strengthened pricing momentum. Overall, the market has shown a strong bullish trend driven by supply constraints and rising upstream costs.
South Korea: SAN Export prices FOB Busan, South Korea; Grade- Easy Flow GPIM (MFI:23-66)
In Q1 2026, SAN prices in South Korea (FOB Busan) have increased by around 4.4%, supported by stable export demand and rising upstream costs. The SAN price trend in South Korea has been influenced by higher styrene and acrylonitrile prices driven by rising benzene costs and balanced production levels across petrochemical complexes.
Export activity has remained steady, particularly toward Southeast Asia and China, while tightening availability of imported feedstocks due to disrupted shipments passing through the Strait of Hormuz increased procurement costs for regional producers. In March 2026, prices have surged by around 19.4% compared to February, driven by supply disruptions and increased production costs following Middle East tensions.
Delays in naphtha imports and reduced operating rates at key petrochemical plants have tightened supply availability. Higher freight and insurance costs have also influenced export pricing dynamics. Overall, the market has maintained a firm tone, supported by cost pressures and constrained supply conditions during the latter part of the quarter.
Indonesia: SAN Import prices CIF Jakarta (South Korea), Indonesia; Grade- Easy Flow GPIM (MFI:23-66)
In Q1 2026, SAN prices in Indonesia (CIF Jakarta from South Korea) have increased by around 4.1%, supported by stable import demand and moderate supply conditions. The SAN price trend in Indonesia has been influenced by steady consumption from plastics and automotive sectors while imports from South Korea have remained consistent.
Freight rates and logistics conditions have contributed to balanced pricing during most of the quarter, while global shipping disruptions triggered by instability around the Strait of Hormuz reduced vessel availability and tightened regional supply chains.
In March 2026, prices have surged by around 18.4% compared to February, driven by increased freight costs and shipping disruptions linked to Middle East tensions. Delays in cargo arrivals and higher upstream costs have tightened supply in the Indonesian market.
Limited availability and rising import costs have further supported pricing. Overall, the market has reflected a firm trend driven by logistical constraints and increasing production costs.
Italy: SAN Domestically traded prices FD Genoa, Italy; Grade- Easy Flow GPIM (MFI:21-22)
In Q1 2026, SAN prices in Italy (FD Genoa) have increased by around 6.7%, supported by rising energy and feedstock costs. The SAN price trend in Italy has been influenced by strengthening styrene and acrylonitrile prices due to constrained benzene supply and steady demand from engineering plastics and automotive sectors.
Domestic supply conditions have remained moderate, contributing to gradual price increases, while restricted petrochemical and energy flows through the Strait of Hormuz amplified supply concerns across Southern Europe. In March 2026, prices have surged by around 18.2% compared to February, driven by LNG supply disruptions and increased energy costs across Europe following Middle East tensions.
Naphtha shipment delays and reduced styrene production have further tightened supply. Limited availability from regional suppliers has strengthened market conditions. Overall, the Italian SAN market has reflected a strong upward trend, driven by cost pressures and constrained supply dynamics.
Turkey: SAN Import prices CIF Mersin (South Korea), Turkey; Grade- Easy Flow GPIM (MFI:23-66)
In Q1 2026, SAN prices in Turkey (CIF Mersin from South Korea) have increased by around 6.3%, supported by rising import costs and steady demand from plastics and automotive sectors. The SAN price trend in Turkey has been influenced by consistent imports and moderate consumption levels during most of the quarter.
Freight rates have remained stable initially, contributing to balanced pricing, while proximity to disrupted Middle Eastern trade routes, particularly near the Strait of Hormuz, exposed Turkey to heightened supply risks and fluctuating freight conditions. In March 2026, prices have surged by around 18.0% compared to February, driven by increased freight costs and Middle East shipping disruptions that delayed cargo arrivals and tightened supply availability.
Higher styrene and acrylonitrile costs in exporting countries have also elevated import prices. Overall, the market has reflected firm conditions supported by logistical challenges, rising upstream costs, and constrained supply during the latter part of the quarter.
USA: SAN Export prices FOB Houston, USA; Grade- Easy Flow GPIM (MFI:21-22)
In Q1 2026, SAN prices in the USA (FOB Houston) have increased by around 2.4%, supported by moderate export demand and rising production costs. The SAN price trend in USA has been influenced by higher styrene and acrylonitrile prices driven by increased benzene and natural gas costs.
Export activity has remained steady, with balanced supply conditions during most of the quarter, while global trade disruptions linked to tensions around the Strait of Hormuz tightened international supply flows and supported export pricing. In March 2026, prices have surged by around 11.9% compared to February, driven by energy price spikes and global supply disruptions linked to Middle East tensions.
Higher freight and insurance costs for international shipments have further increased export prices. Additionally, tighter availability of styrene due to lower operating rates has supported price gains. Overall, the market has reflected a firm trend driven by cost-push factors and global supply constraints.
Netherlands: SAN Export prices FOB Rotterdam, Netherlands; Grade- Easy Flow GPIM (MFI:21-22)
According to Price-Watch™, in Q1 2026, SAN prices in the Netherlands (FOB Rotterdam) have increased by around 7.1%, supported by rising feedstock and energy costs across the European petrochemical sector. The SAN price trend in Netherlands has been influenced by strengthening styrene and acrylonitrile prices due to constrained benzene supply and steady downstream demand.
Export activity has remained moderate, with balanced supply conditions during most of the quarter, while reduced inflows of feedstock cargoes due to instability near the Strait of Hormuz tightened upstream supply availability in Europe. In March 2026, prices have surged by around 19.5% compared to February, driven by LNG shortages and higher energy costs following Middle East disruptions.
Naphtha shipment delays and reduced refinery throughput have further tightened feedstock availability. Limited supply from regional producers has supported stronger pricing. Overall, the market has remained strongly bullish, driven by rising production costs and constrained supply availability.










