• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow

Chinese VSF price declines in November

06 Dec '11
1 min read

The price of viscose staple fibre (VSF) in China continued with its downward trend in November. VSF (1.2D/38mm) traded at about 16,940 yuan/ton by November-end, a decline of about 1,800 yuan/ton or 9.61 percent, from a price of 18,740 yuan/ton in early November.

The decline in VSF price to record low levels in November, in turn, increased the bearish sentiment of VSF manufacturers. Also, downstream rayon yarn manufacturers sharply cut production, and the market entered into a stalemate at one point.

There are two chief reasons for continued decrease in price of VSF. First, the reduction in export orders due to the ongoing debt crisis in Europe, which led to a slump in export orders that resulted in reduced purchase of raw materials by end-consumers. Second, as the end of the year is approaching, there has arisen a problem of 'capital' for VSF manufacturers. This has forced some of them to sell products at low cost to reduce their inventory pressure.

Fibre2fashion News Desk - China

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search