About HKTDC | Media Room | Contact HKTDC | Wish List Wish List () | My HKTDC |
Save As PDF Print this page

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

1. Price index of ABS resin rises further in September

The price index of ABS resin went up by 1.9% mom in September, recording month-on-month gain for four consecutive months (see exhibit 1).

The main reason for the increase in the prices of ABS resin in the month was a surge in the prices of acrylonitrile, a major raw material of ABS resin.

Looking ahead, we expect the prices of ABS resin to fall in October, as upstream costs dropped during late September to early October; and the restocking demand from manufacturers of home appliances, a major downstream sector of ABS resin, is likely to decline further in the month as the high season for air-conditioner sales has passed.


To view the full article, please go to page top to download the PDF version.

Content provided by Fung Business Intelligence
Comments (0)
Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)