Chinese VFY prices decline on subdued demand

10 Jun '13

2 min read

Prices of Cotton Linter were assessed at RMB 3000/ton during the last week, which were down by RMB 270/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 in the range of RMB 2750/ton to RMB 3000/ton. Average prices for last week were RMB 2800/ton.

Prices of Dissolving Pulp were offered at RMB 6600/ton in the last week, which were relatively stable from the previous week. Prices of imported Dissolving Wood Pulp were assessed at US$ 860/ton to US$ 870/ton. Prices of Pulp imported from the US were in the range of US$ 820/ton to US$ 900/ton, while those from Canada were in the range of US$ 835/ton to US$ 875/ton. Prices of Pulp imported from Sweden and Russia were between US$ 850/ton and US$ 880/ton.

VSF prices maintained a stable trend at RMB 13200/ton in the last week. VSF market opened at RMB 13200/ton, remained stable during that period, and prices were assessed in the range of RMB 13100/ton to RMB 13300/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.90/kg to US$ 1.93/kg. Market experts believe that VSF prices would remain stable-to-soft in the near term.

In the last week, VFY market declined to RMB 37650/ton due to subdued demand from the downstream market. VFY producers kept offers in the range of RMB 37500/ton to RMB 38000/ton. Overall, VFY market sentiments remained lackluster due to lack of support from the downstream buyers. In the Chinese market, offers for imported VFY hovered in the range of US$ 5870/ton to US$ 5970/ton.

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Fibre2fashion News Desk - India

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