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VFY price declines slightly in Chinese market last week
27
Jan '14
In the Chinese domestic market, price of Cotton Linter was assessed at RMB 3075/ton during the last week ending January 25, 2014, which was relatively stable compared to the week ending January 18. 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 2830/ton.
 
Price of Dissolving Pulp was offered at RMB 6725/ton in the last week, which was stable over the previous week. Meanwhile, 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$ 920/ton, while those from Canada were in the range of US$ 890/ton to US$ 900/ton. Prices of Pulp imported from Sweden were in the range of US$ 890/ton to US$ 910/ton.
 
VSF prices remained stable at RMB 12200/ton in the last week, which was relatively stable from the week before. VSF market opened at RMB 12200/ton at the beginning of the week, and prices remained range bound between RMB 12200/ton and RMB 12400/ton during the week. 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 price was assessed at RMB 33650/ton, which was slightly down from weak before due to subdued demand in the Chinese domestic market. VFY producers kept offers in the range of RMB 33600/ton to RMB 33700/ton. VFY market remained dull as market participants were not optimistic in view of the forthcoming New Year holidays. In the Chinese market, offers for imported VFY hovered in the range of US$ 5640/ton to US$ 5750/ton.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India


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