26 Jan 2018
China Sourcing Update: Raw Material Prices Hard Goods (Dec 2017)
Raw Material Prices: Hard Goods
1. Price index of ABS resin goes up in December
The price index of ABS resin rose by 1.7% mom in December, posting month-on-month gain for two consecutive months.
In our view, the major factor behind the increase in the prices of ABS resin in the last couple of months was an improved demand from manufacturers of home appliances, a major downstream sector of ABS resin.
Looking ahead, we expect the prices of ABS resin to hover around the current levels in the near term as the downstream demand for the resin is likely to be stable.
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