25 April 2017
China Sourcing Update: Raw Material Prices Hard Goods (Mar 2017)
Raw Material Prices: Hard Goods
- Price index of ABS resin continues to soar in March
The price index of ABS resin jumped by 7.8% mom in March, posting month-on-month gain for six consecutive months (see exhibit 1).
Prices of ABS resin rose in the month due to a strong downstream demand for ABS resin from manufacturers of home appliances, despite a fall in prices of butadiene and styrene, the major raw materials of ABS resin.
According to media reports, prices of butadiene plunged further in early April. Thus, we expect the prices of ABS resin to fall in the foreseeable future.
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