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China Sourcing Update: Raw Material Prices Hard Goods (Apr 2017)

China Sourcing Update: Raw Material Prices Hard Goods (Apr 2017)

Raw Material Prices: Hard Goods

  1. Price index of ABS resin drops in April

After having posted month-on-month gain for six consecutive months, the price index of ABS resin went down by 0.4% mom in April (see exhibit 1).

The fall in the prices of ABS resin in the month was mainly attributable to the decline in prices of styrene and butadiene, the major raw materials of ABS resin.

According to the latest media reports, prices of butadiene slumped further in early May. Therefore, we expect that the prices of ABS resin will continue to drop in the near term.

China-Sourcing-Update-Raw-Material-Prices-Hard-Goods-APR-2017

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Content provided by Fung Business Intelligence
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