Chinese VSF prices rise in previous week

In the same week, price of dissolving pulp was stable-to-up at RMB 7650/ton. Prices of imported dissolving wood pulp were assessed at US$ 950/ton to US$ 1000/ton. Prices of Pulp imported from U.S were at US$ 1050/ton, in Canada it was in the range of US$ 950/ton to US$ 1050/ton, whereas prices of Pulp imported from Sweden was at US$ 950/ton to US$ 1000/ton while in Russia it was at US$ 950/ton.

During the previous week, prices of VSF inclined up to RMB 14850/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$ 1.95/kg to US$ 2.10/kg. Market experts believe that price should be range bound around US$ 2.10/kg in the near future.

VFY market maintained a stable trend in the week and opened with a decline of RMB 30/ton at RMB 44250/ton. In the Chinese market, offers for imported VFY hovered in the range of US$ 6250/ton to US$ 6350/ton.

VFY market remained sluggish and trading momentum was lackluster. Downstream players stayed away from the market amid uncertain market sentiments. It is expected that VFY market will be remain stable-to-weak in the short run.

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Fibre2fashion News Desk - India