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VSF prices continue to decline in Chinese domestic market
14
Apr '14
In the Chinese domestic market, prices of Cotton Linter were quoted at RMB 2900/ton during the last week ending April 11, 2014, which were almost stable from 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 2760/ton.
 
Prices of Dissolving Pulp were quoted at RMB 6600/ton in the last week, which were relatively stable from the previous week. Prices of imported Dissolving Wood Pulp were assessed in the range of US$ 850/ton to US$ 860/ton. Prices of Pulp imported from the US and Europe were in the range of US$ 870/ton to US$ 880/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$ 870/ton and US$ 880/ton.
 
VSF prices were assessed at RMB 11550/ton in the last week, which was down by RMB 70/ton from the previous week. At the beginning of the week, VSF market opened with RMB 11550/ton, and prices remained stable in the range of RMB 11550/ton to RMB 11650/ton. In the Chinese market, offers for imported VSF were witnessed in the range of US$ 1.62/kg to US$ 1.66/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 34250/ton, which were relatively up compared to the previous week. During the week, VFY market improved and prices increased after industry meeting, but demand from the downstream remained moderate. VFY producers kept offers in the range of RMB 34200/ton to RMB 34300/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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