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Chinese VSF prices stable, VFY dips in previous week
08
May '12
In the last week, price of Cotton Linter was stable-to-soft at RMB 4230/ton. Earlier price opened at RMB 4250/ton. In the last update from market, price was in the range of RMB 4000/ton to RMB 4100/ton.

Buying momentum was thin after May Day holidays, whereas, trading offers were in between RMB 4150/ton to RMB 4350/ton. Average price for last week was at RMB 4250/ton.

Price of dissolving pulp remained stable in the last week. In Chinese domestic market, prices were in the range of RMB 8550/ton to RMB 8650/ton. Price of imported Dissolving Wood Pulp was in the range of US$ 1050/ton to US$ 1100/ton.

Pulp imported from US, Canada and Spain were in the range of US$ 1050/ton to US$ 1150/ton, whereas, Pulp imported from Brazil was at US$ 1150/ton while in Russian it was at US$ 1100/ton.

During last week, price of VSF remained stable at RMB 16200/ton. Earlier price opened in the range of RMB 16000/ton to RMB 16100/ton, but with support of demand fundamentals, trading price went up to RMB 16200/ton.

In Chinese market, offers for imported VSF hovered in the range of US$ 2.20/kg to US$ 2.30/kg. Market experts believed that price should be range bound around US$ 2.15/kg in near future.

VFY market went down in the last week and prices were assessed at RMB 44950/ton. Earlier it opened in the range of RMB 45000/ton to RMB 45200/ton.

In the Chinese market, offers for imported VFY hovered in the range of US$ 6450/ton to US$ 6500/ton, but counter offers touched the level of US$ 6200/ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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