Chinese VFY market shows uptrend last week

06 Oct '14

2 min read

In the Chinese domestic market, prices of Cotton Linter were assessed at RMB 2700/ton in the last week ending October 3, 2014, which were steady compared to the previous week. In the last updates from market, offer prices were in the range of RMB 2800/ton to RMB 3000/ton, and trading prices were around RMB 2700/ton to RMB 2800/ton.

Prices of Dissolving Pulp were spotted at RMB 6025/ton in the last week, which were stable from the previous week. Prices of imported Dissolving Wood Pulp were quoted in the range of US$ 815/ton to US$ 820/ton. Prices of Pulp imported from the US and Europe were in the range of US$ 840/ton to US$ 850/ton and US$ 820ton to 840/ton, respectively, while those from Canada were in the range of US$ 770/ton to US$ 820/ton. Prices of Pulp imported from Sweden were between US$ 820/ton and US$ 825/ton.

VSF prices were assessed at RMB 12050/ton in the last week, which remained unchanged from the previous week. At the beginning of the week, VSF market opened at RMB 12050/ton and also closed at the same level. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.59/kg to US$ 1.63/kg. Market analysts expect VSF prices to remain steady in the current week.

In the last week, VFY market surged and prices were assessed at RMB 34770/ton. VFY market sentiments remained optimistic and there was good demand from downstream market during that period. VFY producers kept offers in the range of RMB 34760/ton to RMB 34780/ton. In the Chinese market, offers for imported VFY kept inert in the range of US$ 5500/ton to US$ 5600/ton.

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Fibre2fashion News Desk - India

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