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Chinese VFY market shows downward trend
27
Aug '12
Prices of Cotton Linter maintained a stable trend at RMB 3425/ton in the last week. In the last update from market, prices were in the range of RMB 3250/ton to RMB 3550/ton. Trading offers were in between RMB 3200/ton to RMB 3500/ton. Average price for last week was at RMB 3250/ton.
 
In the last week, prices of Dissolving Pulp continued to maintain a stable trend at RMB 7875/ton. Prices of imported Dissolving Wood Pulp were assessed at US$ 1015/ton. Prices of Pulp imported from the US were in the range of US$ 1000/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 upheld a steady trend and producers firmly held their offers at around RMB 15700/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 price would remain range bound around US$ 2.10/kg in the near future.
 
In the previous week, VFY prices decreased at slow and steady rate, producers firmly held their offers in the range of RMB 43450/ton to RMB 43550/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. Supplies were active and cargo holders offered discounts to balance inventory. However, downstream market remained weak and buyers kept wait-and-see stance during the last week. It is expected that VFY market will remain stable for the short run.
 
Click here to view and compare weekly price trends.
 

Fibre2fashion News Desk - India

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