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Chinese VSF & VFY markets show downward trend
06
May '13
Prices of Cotton Linter were assessed at RMB 3350/ton during the last week, which was relatively unchanged from the previous week. In the last updates from market, prices were quoted in the range of RMB 3000/ton to RMB 3300/ton and deals were struck in the price range of RMB 2900/ton to RMB 3200/ton. Average prices for last week were around RMB 2900/ton.
 
Prices of Dissolving Pulp declined and were assessed at RMB 6750/ton in the last week, down by RMB 60/ton from the previous week. Prices of imported Dissolving Wood Pulp were assessed at US$ 915/ton to US$ 920/ton. Prices of Pulp imported from the US were in the range of US$ 820/ton to US$ 950/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$ 910/ton to US$ 950/ton.
 
VSF prices showed a downward trend at RMB 13590/ton in the last week, which was down by RMB 130/ton from the previous week. VSF market opened at RMB 13600/ton, then surged marginally during that period and prices were quoted in the range of RMB 13600/ton to RMB 13800/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.92/kg to US$ 1.94/kg. Market experts believe that VSF prices would remain soft at around US$ 1.95/kg in the short-term.
 
In the last week, VFY market followed a downward trend at RMB 38880/ton due to lackluster demand from the downstream market. VFY market was in the range of RMB 38800/ton to RMB 38900/ton. Overall market presented a weak performance due to May Day holidays during the last week. In the Chinese market, offers for imported VFY hovered in the range of US$ 5940/ton to US$ 6040/ton.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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