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Chinese VSF and VFY markets witness sluggish demand
13
May '13
Prices of Cotton Linter were assessed at RMB 3330/ton during the last week, which was down by RMB 20/ton from the previous week. In the latest updates from market, offer prices were in the range of RMB 3000/ton to RMB 3200/ton. Trading prices were at around RMB 2800/ton to RMB 3100/ton. Average price for last week was RMB 2850/ton.
 
Prices of Dissolving Pulp remained stable and were assessed at RMB 6750/ton in the last week, which was relatively stable from the previous week. Prices of imported Dissolving Wood Pulp were assessed at US$ 895/ton to US$ 915/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 13380/ton in the last week, which was down by RMB 210/ton from the previous week. VSF markets opened at RMB 13400/ton, but subsequently prices declined during that period, and were assessed in the range of RMB 13300/ton to RMB 13500/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 expect VSF prices to remain stable-to-soft at around US$ 1.95/kg in the short-term.
 
In the last week, VFY market followed a downward trend at RMB 38720/ton due to sluggish demand from the downstream market. VFY markets were in the range of RMB 38700/ton to RMB 38800/ton. Overall market presented a soft appearance due to weak market fundamentals 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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