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China Sourcing Update: Raw Material Prices Hard Goods (Aug 2018)

1. Price index of ABS resin goes up slightly in August

The price index of ABS resin edged up by 0.2% mom in August, after dropping by 0.7% mom in July.

Prices of ABS resin rose in early August as the prices of acrylonitrile, butadiene and styrene, the major raw materials of ABS resin, increased in the period. Afterwards, a weakening in demand and an excess supply dragged down the prices of ABS resin, despite that upstream costs remained high.

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Content provided by Fung Business Intelligence
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