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VSF market rises in China; VFY stable
Aug '12
In the last week, prices of Cotton Linter were stable-to-up by RMB 25/ton to RMB 3525/ton and the market opened with a stable trend. In the last update from market, prices were hovering in the range of RMB 3350/ton to RMB 3650/ton. Trading offers were in between RMB 3350/ton to RMB 3550/ton. Average price for last week was at RMB 3375/ton.
Prices of Dissolving Pulp maintained a stable trend at RMB 7800/ton in the last week, but it opened with an increase of RMB 50/ton at RMB 7850/ton. Prices of imported Dissolving Wood Pulp were assessed at US$ 1000/ton. Prices of Pulp imported from the US were in the range of US$ 1020/ton to US$ 1050/ton, while those from Canada were in the range of US$ 950/ton to US$ 1050/ton. Prices of Pulp imported from Sweden and Russia were assessed at US$ 950/ton to US$ 1000/ton.
During the last week, VSF prices gradually surged to RMB 15450/ton. Earlier, prices opened with a stable trend in the range of RMB 15100/ton to RMB 15300/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.97/kg to US$ 2.10/kg. Market experts believe that price will remain range bound around US$ 2.10/kg in the near future.
VFY prices initially declined but later it maintained a stable trend at RMB 44180/ton, in the last week and it opened with a decline of RMB 180/ton at RMB 44000/ton. In the Chinese market, offers for imported VFY hovered in the range of US$ 6250/ton to US$ 6350/ton. VFY market maintained stable trend in the Chinese domestic market. Producers reported inventory pressure amid weak market fundamentals during that period. It is expected that VFY market will improve somewhat in the short run.
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Fibre2fashion News Desk - China

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