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Chinese VSF market shows upward trend last week
Apr '13
Prices of Cotton Linter were stable at RMB 3300/ton during the last week, which was relatively same in the previous week. In the last updates from market, prices were in the range of RMB 3000/ton to RMB 3500/ton. Trading prices were at around RMB 2950/ton to RMB 3450/ton. Average price for last week was RMB 3000/ton.
Prices of Dissolving Pulp followed a stable trend and were assessed at RMB 7050/ton in the last week, which was almost same as in the previous week. Prices of imported Dissolving Wood Pulp were assessed at US$ 930/ton. Prices of Pulp imported from the US were in the range of US$ 820/ton to US$ 980/ton, while those from Canada were in the range of US$ 900/ton to US$ 950/ton. Prices of Pulp imported from Sweden and Russia were between US$ 920/ton to US$ 950/ton.
VSF prices showed an upward trend at RMB 13850/ton in the last week, which was up by RMB 150/ton from the previous week. VSF market opened at RMB 13750/ton and remained range bound during that period and was assessed in the range of RMB 13700/ton to RMB 13900/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.94/kg to US$ 1.96/kg. Market experts believe that VSF prices would remain stable-to-soft at around US$ 1.96/kg in the coming week.
In the last week, VFY market followed a stable-to-soft stance at RMB 39100/ton due to subdued demand from the downstream market. Earlier, market opened in the range of RMB 39000/ton to RMB 39200/ton but the trading prices were relatively stable at RMB 39100/ton. In the Chinese market, offers for imported VFY hovered in the range of US$ 5950/ton to US$ 6050/ton.
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Fibre2fashion News Desk - India

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