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Chinese VSF market may remain range bound in near term
12
May '14
In the Chinese domestic market, prices of Cotton Linter were quoted at RMB 2750/ton during the last week ending May 9, 2014, which were stable compared to the previous week. In the last updates from market, offer prices were in the range of RMB 2700/ton to RMB 3000/ton, and trading prices were between RMB 2600/ton and RMB 2800/ton.
 
Prices of Dissolving Pulp were quoted at RMB 6400/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 remained stable at RMB 11550/ton in the last week. At the beginning of the week, VSF market opened at RMB 11550/ton, and prices remained stable thereafter 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 remain range bound in the near term.
 
In the last week, VFY market remained stable due to moderate demand from the downstream buyers during that period, and prices were assessed at RMB 34765/ton. VFY trading sentiments remained flat as downstream buyers showed less intention in buying. VFY producers kept offers in the range of RMB 34750/ton to RMB 34800/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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