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Chinese VSF and VFY markets remain stable after holidays
10
Feb '14
In the Chinese domestic market, prices of Cotton Linter were assessed at RMB 3075/ton during the last week ending February 8, 2014, which were relatively stable from the previous week. In the last updates from market, offer prices were in the range of RMB 2800/ton to RMB 3200/ton. Trading prices were in the range of RMB 2700/ton to RMB 2900/ton. Average price for last week was RMB 2820/ton.
 
Prices of Dissolving Pulp were offered at RMB 6725/ton in the last week, which was nearly stable, compared to the previous week. Prices of imported Dissolving Wood Pulp were assessed in the range of US$ 880/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$ 890/ton and US$ 910/ton.
 
VSF prices remained stable at RMB 12200/ton in the last week. VSF market opened at RMB 12200/ton at the beginning of the week, and prices remained in the range bound between RMB 12200/ton and RMB 12500/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 analysts expect VSF prices to remain stable-to-soft in the near term.
 
In the last week, VFY prices were offered at RMB 33650/ton, which was stable from weak due to sluggish demand after holidays. In the Chinese market, VFY producers kept offers in the range of RMB 33600/ton to RMB 33700/ton. VFY market remained dreary as participants showed limited interest after holidays and kept wait-and-watch stance amid weak market fundamentals 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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