VFY prices fall in Chinese domestic market last week

20 Jan '14

2 min read

In the Chinese domestic market, prices of Cotton Linter were assessed at RMB 3070/ton at the end of last week, which were relatively stable compared to the earlier week. In the last updates from market, offer prices were in the range of RMB 2800/ton to RMB 3200/ton, and trading prices were in the range of RMB 2700/ton to RMB 2900/ton. Average price for last week was RMB 2840/ton.

Price of Dissolving Pulp was offered at RMB 6725/ton in the last week, which was stable from the week before. Prices of imported Dissolving Wood Pulp were assessed in the range of US$ 890/ton to US$ 900/ton. Prices of Pulp imported from Europe were in the range of US$ 900/ton to US$ 930/ton, while those from Canada were in the range of US$ 890/ton to US$ 900/ton. Prices of Pulp imported from Sweden were between US$ 890/ton and US$ 920/ton.

VSF prices decreased to RMB 12215/ton in the last week, which was relatively stable from the week before. VSF market opened at RMB 12200/ton, and market remained range bound between RMB 12200/ton to RMB 12400/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 offered at RMB 33680/ton, which was down by RMB 90/ton from the previous week due to sluggish demand in the Chinese domestic market. VFY producers kept offers in the range of RMB 33650/ton to RMB 33750/ton. VFY market remained lackluster as downstream buyers followed wait-and-see stance in view of the approaching Lunar New year holidays. 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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