Chinese VFY prices dip on subdued downstream demand

16 Sep '13

2 min read

In Chinese markets, prices of Cotton Linter were assessed at RMB 2900/ton during the last week ending September 14, 2013, which was relatively down from the previous week. In the last updates from market, offer prices were in the range of RMB 3100/ton to RMB 3400/ton and trading prices were in the range of RMB 2700/ton to RMB 2900/ton. Average prices for last week were RMB 2715/ton.

Prices of Dissolving Pulp were offered at RMB 6585/ton in the last week, which was down by RMB 35/ton from the week earlier. Prices of imported Dissolving Wood Pulp were assessed in the range of US$ 880/ton to US$ 890/ton. Prices of Pulp imported from the US were in the range of US$ 880/ton to US$ 900/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 remained stable-to-soft at RMB 12950/ton in the last week, which was relatively down from the week before. VSF market opened at RMB 12950/ton, remained stable during the week, and prices were assessed in the range of RMB 12900/ton to RMB 13100/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.86/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 prices declined to RMB 33970/ton due to subdued demand from the downstream market in the Chinese domestic market. VFY producers kept offers in the range of RMB 33900/ton to RMB 34100/ton. VFY market sentiments remained bearish and trading activities were scarce during that period. 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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