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VSF and VFY prices drop in Chinese 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 28, 2013, which were 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, and trading prices were in the range RMB 2750/ton to RMB 2950/ton. Average price for last week was RMB 2850/ton.
Prices of Dissolving Pulp were offered at RMB 6785/ton in the last week, which were nearly the same as those prevailing a week earlier. Prices of imported Dissolving Wood Pulp were assessed in the range of US$ 890/ton to US$ 900/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$ 900/ton to US$ 910/ton. Prices of Pulp imported from Sweden were between US$ 910/ton and US$ 930/ton.
VSF prices decreased to RMB 12250/ton in the last week, which was relatively stable from the week before. VSF market opened at RMB 12250/ton, and then prices remained range bound during the week between RMB 12250/ton and 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 decreased and prices were quoted at RMB 33850/ton, unchanged from the previous week due to weak market sentiments in the Chinese domestic market. 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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