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Chinese VFY market shows down trend on sluggish demand
May '13
Prices of Cotton Linter were assessed at RMB 3310/ton during the last week, down by RMB 20/ton from the previous week. In the last updates from market, offer prices were in the range of RMB 3000/ton to RMB 3100/ton. Trading prices were at around RMB 2800/ton to RMB 3000/ton. Average prices for last week were RMB 2850/ton.
Prices of Dissolving Pulp remained stable and were assessed at RMB 6750/ton in the last week, which were relatively stable from the previous week. Prices of imported Dissolving Wood Pulp were assessed in the range of US$ 885/ton to US$ 900/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 maintained a stable-to-soft trend at RMB 13300/ton in the last week, down by RMB 80/ton from the previous week. VSF market opened at RMB 13250/ton, and prices increased during the week and were assessed in the range of RMB 13250/ton to RMB 13600/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.91/kg to US$ 1.93/kg. Market experts forecast VSF prices to remain stable-to-soft in the near term.
In the last week, VFY market followed a downward trend at RMB 38700/ton due to weak market fundamentals and sluggish demand from the downstream market. VFY market was in the range of RMB 38700/ton to RMB 38900/ton. Overall, VFY market was in a bearish tone and buying sentiments were lackluster. In the Chinese market, offers for imported VFY hovered in the range of US$ 5880/ton to US$ 5980/ton.
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Fibre2fashion News Desk - India

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