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VSF & VFY prices drop in Chinese domestic market last week
Dec '13
In the Chinese domestic market, prices of Cotton Linter were assessed at RMB 3100/ton during the last week ending December 21, 2013, which was relatively stable compared to the earlier week. In the last updates from market, offer prices were in the range of RMB 2900/ton to RMB 3200/ton. Trading prices were at around RMB 2750/ton to RMB 2950/ton. Average prices for last week were RMB 2850/ton.
Prices of Dissolving Pulp were offered at RMB 6785/ton in the last week, which was slightly down from the week before. Prices of imported Dissolving Wood Pulp were assessed at US$ 900/ton to US$ 910/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$ 900/ton. Prices of Pulp imported from Sweden were between US$ 920/ton and US$ 950/ton.
VSF prices decreased to RMB 12250/ton in the last week, which was up by RMB 170/ton from the week before. VSF market opened at RMB 12250/ton during the week, and the prices remained range bound, and were assessed in the range of RMB 12250/ton to RMB 12500/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.78/kg to US$ 1.82/kg. Market experts expect VSF prices to remain stable-to-soft in the near term.
In the last week, VFY market went down and prices were at RMB 33850/ton, down by RMB 50/ton from the earlier weak amid New Year approaching. VFY producers kept offers in the range of RMB 33850/ton to RMB 34100/ton. VFY market sentiments remained dull as downstream buyers replenished stocks in small volume. 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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