VFY prices decline further in Chinese markets

12 Aug '13

2 min read

In the Chinese markets, prices of Cotton Linter were assessed at RMB 2890/ton during the last week ending August 10, which was up by RMB 40/ton from the week ending August 3, 2013. In the last updates from market, offer prices were in the range of RMB 3150/ton to RMB 3350/ton, and trading prices were in the range of RMB 2700/ton to RMB 2900/ton. Last week’s average price works out to be RMB 2720/ton.

Prices of Dissolving Pulp were offered at RMB 6720/ton in the last week, which was relatively down from the previous week. Prices of imported Dissolving Wood Pulp were assessed at US$ 885/ton. Prices of Pulp imported from the US 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 13250/ton in the last week, which were down by RMB 20/ton from the week earlier. VSF market opened at RMB 13250/ton, remained stable during the week, and prices were assessed in the range of RMB 13200/ton to RMB 13400/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.87/kg to US$ 1.91/kg. Market experts expect VSF prices to remain stable-to-soft in the near term.

In the last week, VFY market declined further and prices were at RMB 34570/ton due to subdued demand from the downstream market and weak market fundamentals. VFY producers kept offers in the range of RMB 34500/ton to RMB 34800/ton. VFY market sentiments remained lackluster due to lack of support from the downstream market. In the Chinese market, offers for imported VFY hovered in the range of US$ 5640/ton to US$ 5760/ton.

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Fibre2fashion News Desk - India

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