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VFY prices stay stable in Chinese market last week
07
Apr '14
In the Chinese domestic market, prices of Cotton Linter were quoted at RMB 2930/ton during the last week ending April 4, 2014, which were slightly down compared to the previous week. 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 2700/ton to RMB 2900/ton. Average price for last week was RMB 2800/ton.
 
Prices of Dissolving Pulp were quoted at RMB 6610/ton in the last week, which was relatively down from the previous week. Prices of imported Dissolving Wood Pulp were assessed in the range of US$ 870/ton to US$ 880/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 remained stable-to-soft at RMB 11620/ton in the last week. At the beginning of the week, VSF market opened with RMB 11900/ton initially, and then prices dipped, before becoming stable in the range of RMB 11550/ton to RMB 11650/ton. In the Chinese market, offers for imported VSF were assessed in the range of US$ 1.63/kg to US$ 1.67/kg. Market analysts expect VSF prices to decline further in the near term.
 
In the last week, VFY market remained stable and prices were offered at RMB 34170/ton, which were relatively stable compared to the previous week. Although VFY market recovered somewhat, prices were relatively stable due to lack of support from the downstream buyers during that period. VFY producers kept offers in the range of RMB 34100/ton to RMB 34200/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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