Chinese VFY market rises on cost pressure last week

04 Mar '14

2 min read

In the Chinese domestic market, prices of Cotton Linter were quoted at RMB 3030/ton during the last week ending March 1, 2014, which were relatively stable from the previous week. In the last updates from market, offer prices were in the range of RMB 2850/ton to RMB 3250/ton, and trading prices were between RMB 2800/ton and RMB 2900/ton. Average price for last week was RMB 2810/ton.

Prices of Dissolving Pulp were quoted at RMB 6735/ton in the last week, which remained stable from the previous week. Prices of imported Dissolving Wood Pulp were assessed in the range of US$ 880/ton to US$ 890/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 increased marginally to RMB 12400/ton in the last week, compared to the previous week. VSF market opened at RMB 12400/ton during the week, then increased marginally and prices were offered in the range of RMB 12300/ton to RMB 12450/ton. In the Chinese market, offers for imported VSF were witnessed in the range of US$ 1.73/kg to US$ 1.78/kg. Market experts expect VSF prices to remain stable-to-soft in the near term.

In the last week, VFY market presented soft outlook and prices were at RMB 33775/ton, which were slightly up compared to the previous week due to cost pressure. VFY market suppliers increased prices but downstream buyers were reluctant to accept higher price goods. VFY producers kept offers in the range of RMB 33750/ton to RMB 33800/ton. VFY market participants were less confident about market outlook. 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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