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Chinese VSF & VFY markets stay stable in holiday season
04
Feb '14
In the Chinese domestic market, prices of Cotton Linter were assessed at RMB 3075/ton during the last week ending February 1, 2014, which were relatively stable compared to the earlier week. In the last updates from the market, offer prices were in the range of RMB 2850/ton to RMB 3250/ton, and trading prices were in the range of RMB 2700/ton to RMB 2900/ton. Average price for last week was RMB 2835/ton.
 
Prices of Dissolving Pulp were offered at RMB 6725/ton in the last week, which was stable compared to the previous week. 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 between US$ 900/ton and US$ 910/ton.
 
VSF prices remained stable at RMB 12200/ton in the last week. VSF market opened at RMB 12200/ton, and prices remained range bound between RMB 12200/ton and RMB 12400/ton. In the Chinese market, offers for imported VSF were assessed 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, Chinese VFY market remained stable at RMB 33650/ton, due to weak demand amid Chinese Lunar New Year holidays. VFY producers kept offers in the range of RMB 33600/ton to RMB 33700/ton. VFY market remained lackluster as participants were on holiday mood during the week. 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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