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Chinese VFY prices likely to decline in short-run
18
Dec '12
Cotton Linter prices continued to remain stable at RMB 3150/ton in the previous week. In the last update from market, prices were in the range of RMB 2900/ton to RMB 3100/ton. Trading offers were in between RMB 2800/ton to RMB 3000/ton. Average price for last week was at RMB 2800/ton. 
 
In the previous week, prices of Dissolving Pulp sustained a steady trend and continued to remain stable. Prices of imported Dissolving Wood Pulp were assessed in the range of US$ 850/ton to US$ 855/ton. Prices of Pulp imported from the US were in the range of US$ 900/ton to US$ 950/ton, while those from Canada were in the range of US$ 850/ton to US$ 950/ton. Prices of Pulp imported from Sweden and Russia were in the range of US$ 810/ton to US$ 880/ton. 
 
Prices of VSF declined in the earlier part of the previous week and later maintained a stable trend at RMB 13600/ton. Earlier, market opened in the range of RMB 13600/ton to RMB 14000/ton, but the trading prices plunged down to RMB 13600/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.92/kg to US$ 2.00/kg. Market analysts expect the VSF prices to decline further in the short run. 
 
In the previous week, prices of VFY were stable-to-soft at RMB 40800/ton and later followed a stable trend. Earlier, market opened in the range of RMB 40900/ton to RMB 41300/ton, but the trading prices decreased to RMB 40800/ton. In the Chinese market, offers for imported VFY hovered in the range of US$ 6050/ton to US$ 6160/ton.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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