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Chinese VFY prices dip significantly
Jan '13
Cotton Linter prices continued to maintain a steady trend at RMB 3150/ton in the previous week. In the last update from market, prices were in the range of RMB 2800/ton to RMB 3100/ton and trading offers were in between RMB 2700/ton to RMB 2900/ton. Average price for last week was RMB 2850/ton.
In the previous week, prices of Dissolving Pulp remained unchanged at RMB 6750/ton. Prices of imported Dissolving Wood Pulp were assessed at US$ 850/ton to US$ 860/ton. Prices of Pulp imported from the US were in the range of US$ 880/ton to US$ 900/ton, while those from Canada were in the range of US$ 850/ton to US$ 900/ton. Prices of Pulp imported from Sweden and Russia were quoted in the range of US$ 850/ton to US$ 880/ton.
Prices of VSF were stable in the previous week, but the market opened with an increase of RMB 200/ton at RMB 13900/ton. Earlier, market opened in the range of RMB 13500/ton to RMB 13900/ton, but the trading prices went up to RMB 13900/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.87/kg to US$ 2.00/kg. Producers were eager to sell goods but downstream buyers were cautious and showed limited buying interest during that period. Market experts expect VSF prices to remain around US$ 1.99/kg in the short-term.
VFY prices significantly inched down in the previous week. This week the market continued to decline and prices went down to RMB 39500/ton. Earlier, market opened in the range of RMB 40000/ton to RMB 40600/ton, but the trading prices dipped to RMB 39500/ton. In the Chinese market, offers for imported VFY hovered in the range of US$ 6040/ton to US$ 6155/ton.
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Fibre2fashion News Desk - China

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