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Chinese VSF & VFY markets improve last week
28
Apr '14
In the Chinese domestic market, prices of Cotton Linter were quoted at RMB 2825/ton during the last week ending April 25, 2014, which were marginally down from the previous week. In the last updates from market, offer prices were in the range of RMB 2800/ton to RMB 3100/ton, while trading prices were in the range of RMB 2700/ton to RMB 2900/ton.
 
Prices of Dissolving Pulp were quoted at RMB 6410/ton in the last week, which were relatively down 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 were higher than the previous week. At the beginning of the week, VSF market opened at RMB 11550/ton, and prices remained stable during the week in the range of RMB 11550/ton to RMB 11700/ton. In the Chinese market, offers for imported VSF were witnessed in the range of US$ 1.63/kg to US$ 1.68/kg. Market analysts expect VSF prices to decline further in the near term.
 
In the last week, VFY market improved and prices were quoted at RMB 34640/ton, which were up compared to the previous week. The improvement in VFY market was due to favorable market fundamentals and tight supply during the week. VFY producers kept offers in the range of RMB 34500/ton to RMB 34700/ton. In the Chinese market, offers for imported VFY hovered in the range of US$ 5680/ton to US$ 5790/ton.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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