Chinese VFY market remains stable-to-firm last week

19 Nov '13

2 min read

In the Chinese markets, the average price of Cotton Linter was assessed at RMB 3050/ton during the last week ending November 16, 2013, which was stable compared to the week before. In the last updates from the market, offer prices were in the range of RMB 2900/ton to RMB 3200/ton, and trading prices were between RMB 2700/ton and RMB 2900/ton. Average trading price for last week was RMB 2820/ton.

The average offer price of Dissolving Pulp was RMB 7000/ton in the last week, which was up by RMB 420/ton from the previous week. The 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 and Europe were in the range of US$ 870/ton to US$ 900/ton, while those from Canada were in the range of US$ 860/ton to US$ 880/ton. Prices of Pulp imported from Sweden were between US$ 870/ton and US$ 880/ton.

The average VSF price declined to RMB 12700/ton in the last week, which was slightly down from the week before. VSF market opened at RMB 12700/ton, remained stable 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$ 1.78/kg to US$ 1.82/kg. Market analysts expect VSF prices to remain stable-to-soft in the near term.

In the last week, VFY market remained stable-to-firm and prices were gauged at RMB 33900/ton due to firm demand from the downstream market in the Chinese domestic market. VFY producers kept offers in the range of RMB 33900/ton to RMB 34200/ton. VFY market showed sign of improvement and prices went up slightly in line with raw materials cost during the week. In the Chinese market, offers for imported VFY hovered in the range of US$ 5640/ton to US$ 5750/ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

More Textiles News - China...