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Chinese cotton linter trends stable, VSF declines
28
Nov '11
In the previous week, price of cotton linter was stable. In the last week, price of cotton linter opened at around RMB 3600/ton. Market fundamentals remained quite stable; therefore trading offers were in between RMB 3550/ton to RMB 3650/ton.

Price of dissolving pulp remained dull in the same period and remained firm at RMB 8100/ton in Chinese domestic market. In Chinese market, price of dissolving wood pulp was in the range of US$ 1200/ton to US$ 1300/ton. Pulp imported from U.S.A, Canada and Sweden were below US$ 1200/ton. Counter offers were around US$ 1000/ton, but very few deals concluded at lower level.

Price of VSF declined and producers firmly held their offers around RMB 16000/ton, but there was almost no inquiry. Earlier in the week, price opened at RMB 16000/ton, but due to bearish trend, price touched the level of RMB 15900/ton. In Chinese export market, selling offers for VSF remained unchanged in the range of US$ 2.50/kg to US$ 2.60/kg on (FOB CMP) base.

Click here to view and compare daily price trends.

Fibre2fashion News Desk


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