VSF price increases in Chinese domestic market last week

18 Feb '14

2 min read

In the Chinese domestic market, prices of Cotton Linter were quoted at RMB 3050/ton during the last week ending February 15, 2014, which were down from the previous week. In the last updates from the market, offer prices were in the range of RMB 2800/ton to RMB 3200/ton, and trading prices were in the range of RMB 2680/ton to RMB 2880/ton. Average price for last week was RMB 2810/ton.

Prices of Dissolving Pulp remained stable at RMB 6725/ton in the last week. Prices of imported Dissolving Wood Pulp were assessed in the range of US$ 890/ton to US$ 920/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 price increased to RMB 12400/ton in the last week, which was relatively higher compared to the previous week. VSF market opened at RMB 12200/ton, and prices increased marginally and were quoted in the range of RMB 12250/ton to RMB 12550/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 price was stable at RMB 33650/ton in the Chinese market, due to mute buying sentiments after holidays. 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 that period. In the Chinese market, offers for imported VFY hovered in the range of US$ 5640/ton to US$ 5730/ton.

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Fibre2fashion News Desk - India

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