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

Raw Material Prices: Hard Goods

1. Price index of ABS resin goes down in February and March

The price index of ABS resin [1] edged down by 0.1% mom in March, after falling by 1.1% mom in February.

The decline in the prices of ABS resin in the two-month period was mainly caused by a drop in upstream costs and a weak downstream demand for the resin.

Going forward, the upstream costs for ABS resin are likely to increase, as global crude prices have risen sharply since early March (acrylonitrile, butadiene and styrene, the major raw materials of ABS resin, are derived from petroleum).

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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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