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VSF prices remain stable in Chinese market
12
Nov '13
Prices of Cotton Linter were assessed at RMB 3050/ton during the week ending November 8, 2013, which was slightly lower from the week before which ended on November 3, 2013. In the last updates from market, prices of Cotton Linter were assessed in the range of RMB 2950/ton to RMB 3250/ton. Trading prices were quoted in the range of RMB 2700/ton to RMB 2900/ton, whereas the average prices for last week were RMB 2760/ton.
 
Prices of Dissolving Pulp were assessed at RMB 6580/ton in the last week, which was relatively lesser from the week before. Prices of imported Dissolving Wood Pulp were quoted at US$ 880/ton to US$ 890/ton. Prices of Pulp imported from the Europe 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 were assessed between US$ 860/ton and US$ 880/ton.
 
VSF prices plunged and were quoted at RMB 12755/ton in the last week, which however was a significant increase from the week before. VSF market opened at RMB 12700/ton, remained stable during that period, 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$ 1.86/kg to US$ 1.91/kg. Market experts believed that VSF prices would remain stable-to-soft in the near term.
 
In the last week, VFY market remained stable and prices were assessed at RMB 33900/ton due to sluggish demand from the downstream market in the Chinese domestic market. VFY producers quoted prices in the range of RMB 33900/ton to RMB 34100/ton. VFY market sentiments remained lackluster amid weak market fundamentals during that period. In the Chinese market, offers for imported VFY were assessed in the range of US$ 5640/ton to US$ 5750/ton.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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