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VSF prices rise; VFY stable in Chinese market
20
Aug '12
Prices of Cotton Linter maintained a stable trend at RMB 3525/ton in the last week. However, this week the market opened with a decline of RMB 100/ton at RMB 3425/ton. In the last update from market, prices were in the range of RMB 3300/ton to RMB 3600/ton. Trading offers were in between RMB 3250/ton to RMB 3500/ton. Average price for last week was at RMB 3350/ton.
 
In the last week, prices of Dissolving Pulp sustained a stable trend at RMB 7875/ton. Prices of imported Dissolving Wood Pulp were assessed at US$ 1010/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 gradually inched up to RMB 15700/ton, and later maintained a steady trend. Earlier, prices went up in the range of RMB 15450/ton to RMB 15650/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 2.05/kg to US$ 2.15/kg. Market experts believe that prices would remain range bound around US$ 2.10/kg in the near future.
 
In the previous week, VFY prices continued to uphold a steady trend at RMB 43800/ton. In the Chinese market, offers for imported VFY hovered in the range of US$ 6250/ton to US$ 6350/ton. VFY market remained stable in the Chinese domestic market. Downstream buyers showed less interest to build-up stock. Trading activities were lackluster during the last week. It is expected that VFY market would to remain stable in the short run.
 
Click here to view and compare weekly price trends.
 

Fibre2fashion News Desk - India

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