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VFY prices slide further in Chinese market
Aug '13
Prices of Cotton Linter were assessed at RMB 2850/ton during the last week ending August 3, 2013, which was slightly down from the week before. 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 2720/ton.
Prices of Dissolving Pulp were offered at RMB 6750/ton in the last week, which was relatively stable compared to the previous week. Prices of imported Dissolving Wood Pulp were assessed at US$ 885/ton. Prices of Pulp imported from the U.S. were in the range of US$ 880/ton to US$ 910/ton, while those from Canada were in the range of US$ 870/ton to US$ 880/ton. Prices of Pulp imported from Sweden and Russia were between US$ 860/ton to US$ 880/ton.
VSF prices declined to RMB 13270/ton in the last week, which was down by RMB 30/ton from a week earlier. VSF market opened at RMB 13250/ton, and remained range bound between RMB 13200/ton and RMB 13400/ton during the week. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.88/kg to US$ 1.92/kg. Market experts expect VSF prices to remain stable-to-up in the near term.
In the last week, VFY market declined further and prices were assessed at RMB 35200/ton due to lack of demand from the downstream players and sluggish market fundamentals. VFY producers kept offers in the range of RMB 34900/ton to RMB 35300/ton. VFY trading momentum remained lackluster as downstream buyers showed limited interest in buying and stayed away from the market. In the Chinese market, offers for imported VFY hovered in the range of US$ 5660/ton to US$ 5770/ton.
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Fibre2fashion News Desk - India

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