Chinese VFY market weakens due to sluggish demand

22 Apr '13

2 min read

Prices of Cotton Linter were up at RMB 3340/ton during the last week, which was at RMB 3300/ton in the previous week. In the last updates from market, prices were in the range of RMB 3000/ton to RMB 3400/ton. Trading prices were in the range of RMB 2950/ton to RMB 3400/ton. Average price for last week was RMB 2975/ton.

Prices of Dissolving Pulp followed a downward trend and were assessed at RMB 7000/ton in the last week, which was down by RMB 50/ton from the previous week. Prices of imported Dissolving Wood Pulp were assessed at US$ 925/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 and US$ 950/ton.

VSF prices followed an upward trend at RMB 13900/ton in the last week, which was up by RMB 50/ton from the previous week. VSF market opened at RMB 13800/ton, and prices later increased and were assessed in the range of RMB 13800/ton to RMB 14000/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.94/kg to US$ 1.96/kg. Market analysts expect VSF prices to remain stable-to-soft at around US$ 1.96/kg this week.

In the last week, VFY market followed a downward trend at RMB 39050/ton due to sluggish demand from the downstream market. VFY market opened in the range of RMB 39000/ton to RMB 39100/ton, but the trading prices were at RMB 39050/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 - China

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