20 June 2017
China Sourcing Update: Raw Material Prices Hard Goods (May 2017)
- Price index of ABS resin falls slightly in May
The price index of ABS resin went down by 1.0% mom in May, posting month-on-month drop for two consecutive months (see exhibit 1).
The main reason for the decline in the prices of ABS resin in the month was that some major ABS resin producers undertook price cuts in early May amid a fall in the prices of styrene, a major raw material of ABS resin.
Looking ahead, the upstream prices of ABS resin are likely to remain weak. Thus, we expect the prices of ABS resin to stay low in the near future.
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