Chinese VFY market remains lackluster last week

22 Jul '13

2 min read

Prices of Cotton Linter were assessed at RMB 2885/ton during the last week ending July 20, 2013, which were slightly up from the previous week. In the last updates from market, offer prices were in the range of RMB 3100/ton to RMB 3300/ton. Trading prices were in the range of RMB 2700/ton to RMB 2900/ton. Average prices for last week were RMB 2750/ton.

Prices of Dissolving Pulp were offered at RMB 6750/ton in the last week, which were relatively stable from the previous week. Prices of imported Dissolving Wood Pulp were assessed at US$ 880/ton. Prices of Pulp imported from the U.S. were in the range of US$ 850/ton to US$ 910/ton, while those from Canada were in the range of US$ 860/ton to US$ 875/ton. Prices of Pulp imported from Sweden and Russia were between US$ 850/ton to US$ 880/ton.

VSF prices remained stable-to-soft at RMB 13380/ton in the last week, which were slightly down from the previous week. VSF market opened at RMB 13400/ton, and remained stable during the week 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$ 1.90/kg to US$ 1.93/kg. Market experts expect VSF prices to remain stable-to-up in the near term.

Last week, VFY market declined further and prices were at RMB 35630/ton due to lack of support from the downstream players and unfavourable market fundamentals. VFY producers kept offers in the range of RMB 35550/ton to RMB 35650/ton. VFY market remained lackluster during the week. In the Chinese market, offers for imported VFY hovered in the range of US$ 5680/ton to US$ 5790/ton.

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Fibre2fashion News Desk - India

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