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Chinese VFY market consolidates on moderate demand
Sep '13
In Chinese markets, prices of Cotton Linter were assessed at RMB 2800/ton during the last week ending September 28, which was slightly down from the week before. In the last updates from market, offer prices were in the range of RMB 2900/ton to RMB 3200/ton. Trading prices were between RMB 2700/ton and RMB 2900/ton. Average prices for last week were RMB 2700/ton.
Prices of Dissolving Pulp were offered at RMB 6575/ton in the last week, which was relatively stable from the previous 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 weak at RMB 12800/ton in the last week, which was down by RMB 100/ton from the week earlier. After opening at RMB 12800/ton, VSF market remained weak during the week and prices were assessed in the range of RMB 12700/ton to RMB 12900/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.85/kg to US$ 1.90/kg. Market experts expect VSF prices to remain stable-to-soft in the near term.
In the last week, VFY market consolidated and prices were quoted at RMB 33900/ton due to moderate 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 improved but downstream remained 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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