Chinese VFY market remains stable-to-soft last week

03 Dec '13

2 min read

In the Chinese domestic market, prices of Cotton Linter were assessed at RMB 3070/ton during the last week ending November 30, 2013, which was relatively stable compared to the previous week. In the last updates from market, offer prices were in the range of RMB 2900/ton to RMB 3200/ton, while trading prices were between RMB 2750/ton and RMB 2950/ton. Average price for last week was RMB 2880/ton.

Prices of Dissolving Pulp were offered at RMB 6960/ton in the last week, down by RMB 40/ton compared to the previous week. 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 were in the range of US$ 870/ton to US$ 890/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$ 920/ton and US$ 940/ton.

VSF prices decreased to RMB 12650/ton in the last week, down RMB 40/ton from the earlier week. VSF market opened at RMB 12650/ton, remained stable during the week, and prices were assessed in the range of RMB 12650/ton to RMB 12750/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-soft and prices were at RMB 33900/ton due to sluggish 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 sentiments remained dull due to lack of support from the downstream buyers and unfavourable market fundamentals 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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