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China Sourcing Update: Raw Material Prices Hard Goods (Nov 2017)

1. Price index of ABS resin rises slightly in November

The price index of ABS resin1 picked up by 0.2% mom in November, after dropping by 0.8% mom in October(see exhibit 1).

The slight rebound in the prices of ABS resin in November was supported by a mild recovery in the demand from manufacturers of home appliances, a major downstream sector of ABS resin.

Looking ahead, we expect the prices of ABS resin to stay high in the near term as the downstream demand for the resin is expected to remain stable.

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Content provided by Fung Business Intelligence
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