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

Raw Material Prices: Hard Goods

1. Price index of ABS resin rises in January

The price index of ABS resin[1] went up by 1.2% mom in January, posting month-on-month gain for three consecutive months.

The main reason for the increase in the prices of ABS resin in the month was low levels of inventories held by ABS resin producers.

Looking ahead, we expect that the prices of ABS resin will drop in the near term as the downstream demand for the resin is likely to be weak during and around the Chinese New Year holidays.

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[1] The index is compiled by the China Logistics Information Center (CLIC). The CLIC is a sub-division of the China Federation of Logistics & Purchasing (CFLP), which is the first logistics and purchasing industry association approved by the State Council. One of the CFLP’s missions is to push forward the circulation of factors of production in China.


Content provided by Fung Business Intelligence
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