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Chinese VSF market in confusion mode
05
Jun '12
Recent trends in the viscose staple fibre (VSF) market look confusing. Prices are declining at a very fast pace in recent days.

Generally there is no clear focus of offers, buyers and sellers mostly discuss and transact orders on a individual basis.

Discussions from high-end VSF producers focus in the range of 15,600-15,700 Yuan / ton, while lower trading level is in the range of 15,300-15,400 Yuan / ton.

Discussions of mid-end factories are in the range of 15,200-15,300 Yuan / ton, lower trading level is in the range of 15,000 Yuan / ton.

Downstream sector is in a panic mode as they keep a wait-and-watch attitude with little intention of buying.

A few downstream factories are demanding significantly lower price when they want to purchase some goods.

Fibre2fashion News Desk - China

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