Chinese dissolving pulp & VFY prices slip last week

In the last week, price of dissolving pulp gradually declined from RMB 7550/ton to RMB 7500/ton. Prices of imported dissolving pulp were assessed at US$ 950/ton to US$ 1000/ton.

Prices of pulp imported from U.S were at US$ 1050/ton, from Canada was in the range of US$ 950/ton to US$ 1050/ton, whereas prices of pulp imported from Sweden was at US$ 950 to US$ 1000/ton while from Russia it was at US$ 950/ton.

During the week, prices of VSF were unchanged at RMB 14550/ton. Earlier, price opened with a stable trend in the range of RMB 14500/ton to RMB 14600/ton. In Chinese market, offers for imported VSF hovered in the range of US$ 2.00/kg to US$ 2.05/kg. Market experts believe that price should be range bound around US$ 2.10/kg in the near future.

VFY market went down mid-week and settled at RMB 44280/ton. In the Chinese market, offers for imported VFY hovered in the range of US$ 6250/ton to US$ 6350/ton. VFY market continued to follow the downtrend in the Chinese domestic market. 

Downstream buyers were cautious and replenished stock on need-to basis in small volumes. Prices are expected to remain under pressure in the coming week.

Click here to view and compare daily prices. 

Fibre2fashion News Desk - India