Chinese VFY prices decline significantly

13 Aug '12

2 min read

In the last week, prices of Cotton Linter maintained a stable trend at RMB 3525/ton. In the last update from market, prices were in the range of RMB 3400/ton to RMB 3600/ton. Trading offers were in between RMB 3300/ton to RMB 3500/ton. Average price for last week was at RMB 3375/ton.

In the last week, prices of Dissolving Pulp upheld a stable trend at RMB 7850/ton, but the market opened with an increase of RMB 25/ton to RMB 7875/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 at US$ 1000/ton.

During the last week, VSF prices were unchanged at RMB 15450/ton. Earlier, prices opened with a stable trend in the range of RMB 15350/ton to RMB 15550/ton, but with support of demand fundamentals, trading price went up to RMB 15550/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 2.00/kg to US$ 2.10/kg. Market experts believe that price would remain range bound around US$ 2.10/kg in the near future.

VFY prices significantly went down by RMB 200/ton to RMB 43800/ton and later maintained a stable trend, in the last week. In the Chinese market, offers for imported VFY hovered in the range of US$ 6250/ton to US$ 6350/ton. VFY market was relatively stable in the Chinese domestic market. Downstream demand remained poor amid weak market fundamentals. It is expected that VFY market will improve somewhat in the short run.

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Fibre2fashion News Desk - India

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