30 March 2017
China Sourcing Update: Raw Material Prices Hard Goods (Feb 2017)
- Price index of ABS resin goes up further in February
The price index of ABS resin soared by 7.9% mom in February, after rising by 1.7% mom in January (see exhibit 1). The jump in prices of ABS resin in the two-month period was mainly caused by a rise in upstream prices. Prices of butadiene and styrene, the major raw materials of ABS resin, surged during early January to mid-February. According to the latest media reports, the prices of butadiene and styrene dropped during mid-February to early March, putting downward pressure on the prices of ABS resin. Thus, we expect that the prices of ABS resin will fall in the near future.
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