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Chinese VSF prices show upward trend; VFY slide
27
May '13
Prices of Cotton Linter were assessed at RMB 3320/ton during the last week, which were up by RMB 10/ton from the previous week. In the last updates from market, offer prices were in the range of RMB 3050/ton to RMB 3150/ton. Trading prices were at around RMB 2800/ton to RMB 3000/ton. Average prices for last week were RMB 2810/ton.
 
Prices of Dissolving Pulp were offered at RMB 6670/ton in the last week, which were down by RMB 80/ton from the previous week. Prices of imported Dissolving Wood Pulp were assessed in the range of US$ 860/ton to US$ 885/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$ 835/ton to US$ 950/ton. Prices of Pulp imported from Sweden and Russia were between US$ 850/ton to US$ 950/ton.
 
VSF prices maintained an upward trend at RMB 13360/ton in the last week, which was up by RMB 70/ton from the previous week. VSF market opened with a firm sentiment at RMB 13600/ton, but subsequently declined and was assessed in the range of RMB 13200/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 analysts expect VSF prices to remain stable-to-soft in the near term.
 
In the last week, VFY market showed a downward trend and pries were assessed at RMB 38460/ton due to unfavorable market fundamentals and subdued demand from the downstream market. VFY market offers were in the range of RMB 387300/ton to RMB 38500/ton. Overall VFY market maintained a weak tone and trading activities remained scarce. In the Chinese market, offers for imported VFY hovered in the range of US$ 5880/ton to US$ 5980/ton.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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