Chinese VFY prices decline on sluggish demand

23 Sep '13

2 min read

Prices of Cotton Linter were assessed at RMB 2860/ton during the last week ending September 21, 2013, which were slightly down from the previous week. In the last updates from the market, offer prices were in the range of RMB 3000/ton to RMB 3300/ton. Trading prices were in the range of RMB 2700/ton to RMB 2900/ton and average prices for last week were RMB 2705/ton.

Prices of Dissolving Pulp were offered at RMB 6575/ton in the last week, which were slightly down from the earlier week. Prices of imported Dissolving Wood Pulp were assessed at US$ 880/ton to US$ 890/ton. Prices of Pulp imported from the U.S. 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 12900/ton in the last week, which were relatively down from the week before. VSF market opened at RMB 12900/ton, remained stable during the week, and prices were assessed in the range of RMB 12800/ton to RMB 13000/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 market declined and prices were at RMB 33900/ton in the Chinese domestic market, due to sluggish demand from the downstream market. VFY producers kept offers in the range of RMB 33900/ton to RMB 34100/ton. VFY market sentiments remained lackluster and trading activities were dull during that period. In the Chinese market, offers for imported VFY hovered in the range of US$ 5640/ton to US$ 5750/ton.

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Fibre2fashion News Desk - India

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