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VSF prices dip in Chinese domestic market last week
19
Mar '14
In the Chinese domestic market, prices of Cotton Linter were quoted at RMB 3025/ton during the last week ending March 14, 2014, which were relatively stable compared to the previous week ending March 7. In the last updates from market, offer prices were in the range of RMB 2800/ton to RMB 3100/ton, and trading prices were in the range of RMB 2750/ton to RMB 2850/ton. Average price for last week was RMB 2810/ton.
 
Prices of Dissolving Pulp were quoted at RMB 6650/ton in the last week, marginally down from the previous week. Prices of imported Dissolving Wood Pulp were assessed in the range of US$ 875/ton to US$ 890/ton. Prices of Pulp imported from the US and Europe were in the range of US$ 900/ton to US$ 910/ton, while those from Canada were in the range of US$ 880/ton to US$ 890/ton. Prices of Pulp imported from Sweden were between US$ 880/ton and US$ 890/ton.
 
VSF prices decreased to RMB 12200/ton in the last week, marginally down from the previous week. Last week, the VSF market opened at RMB 12200/ton, but remained stable thereafter and prices were offered in the range of RMB 12100/ton to RMB 12300/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.65/kg to US$ 1.69/kg. Market analysts expect VSF prices to decline further in the near term.
 
In the last week, VFY market remained stable and prices were assessed at RMB 34000/ton, which were relatively stable compared to the previous week. Last week, VFY market maintained a weak tone and prices were relatively stable due to lack of support from the downstream buyers and uncertain market outlook during the period. VFY producers kept offers in the range of RMB 33900/ton to RMB 34100/ton. In the Chinese market, offers for imported VFY hovered in the range of US$ 5660/ton to US$ 5770/ton.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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