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VSF price sees double digit fall over year in S E Asia
Nov '13
The average price of viscose staple fibre (VSF) decreased by 10 percent year-on-year to US$ 1.80/kg in Southeast Asia during the fortnight ending November 15, 2013, compared to the average price of US$ 2.00/kg recorded during the corresponding period of last year.
In the last fortnight ending November 15, average VSF price decreased by 4.76 percent from US$ 1.89 registered in the previous fortnight ending October 31.
In the first half of the last fortnight, in USD based export market, VSF prices decreased due to softening demand and offers were in the range of US$ 1.78-1.82/kg level in Southeast Asia. Initially, VSF market sentiments improved, affected by the preliminary ruling on anti-dumping duty on pulp during the first half. VSF producers focused on fulfilling previous orders during the period. On the other hand, downstream buyers were still cautious and active in digesting previous stocks. In the second half, prices remained stable, but trading sentiments remained sluggish. 
In the Chinese domestic market, mainstream offer prices for VSF 1.5 Den remained at around RMB 13,000/ton and for 1.2 Den remained at around RMB 13,200/ton, during the first half of the last fortnight. VSF market was relatively stable as downstream buyers showed moderate buying intentions in the Chinese domestic market during the first half of last fortnight. In the second half, mainstream offer prices for VSF 1.5 Den were around RMB 12,990/ton and for 1.2 Den were around RMB 13,240/ton.
Under such circumstances, it is expected that Viscose staple fibre prices will remain stable in the near term.

Fibre2fashion News Desk - India

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