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Chinese VSF prices rise, VFY falls in last week
10
Apr '12
In the week ending April 7, Chinese price of cotton linter remained unchanged and was inert at RMB 4170/ton. In the last update from market, price was in the range of RMB 4150/ton to RMB 4200/ton. Buying sentiment remained moderate, whereas trading offers were in between RMB 4125/ton to RMB 4200/ton.

During the same week, price of VSF had increased to RMB 15850/ton. Earlier price opened at RMB 15800/ton, but with support of demand fundamentals, trading price went up to RMB 15850/ton.

Offers for imported VSF, hovered in the range of US$ 2.15/kg to US$ 2.25/kg. Market experts believed that price should be range bound around US$ 2.12/kg in near future.

Price of dissolving pulp declined in the week. In Chinese domestic market, price fell in the range of RMB 8500/ton to RMB 8600/ton. Price of imported dissolving wood pulp was in the range of US$ 1050/ton to US$ 1080/ton.

Offer price for imported dissolving pulp hovered around 1100/ton, but counter offers did not cross the level of US$ 1080/ton. Pulp imported from U.S.A, Canada and Spain was in the range of US$ 1100/ton to US$ 1150/ton. Counter offers were around US$ 1100/ton to US$ 1050/ton.

Pulp imported from Sweden was heard at US$ 1050/ton and pulp imported from Russia was at US$ 1080/ton.

Price of VFY declined to RMB 45150/ton. Earlier, price opened at RMB 45200/ton with support of demand fundamentals. In Chinese market, offers for imported VFY, hovered in the range of US$ 6400/ton to US$ 6500/ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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