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Chinese VSF, VFY prices show stable-to-soft trend
Sep '12
In the last week, Cotton Linter prices continued to remain stable 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 3300/ton.
Prices of Dissolving Pulp were unchanged from higher level and maintained a steady trend in the range of RMB 7870/ton to RMB 7880/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 at US$ 1000/ton. Prices of Pulp imported from Sweden and Russia were at US$ 1000/ton.
During the last week, VSF prices were stable-to-soft at RMB 15650/ton. Earlier price opened in the range of RMB 15650/ton to RMB 15750/ton, but trading price went down by RMB 50/ton to RMB 15650/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 2.09/kg to US$ 2.13/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 gradually declined by RMB 43500/ton, but later trading prices maintained stable-to-soft trend at RMB 43480/ton. In the Chinese market, offers for imported VFY hovered in the range of US$ 6250/ton to US$ 6350/ton. Trading activities remained lackluster and downstream market adopted wait-and-watch attitude. Producers curtailed production rate amid weak market fundamentals. Market participants showed lack of confidence and pessimistic towards market outlook.
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