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Chinese producers increase VFY prices last week
Nov '14
In the Chinese domestic market, prices of Cotton Linter were assessed at RMB 2700/ton in the last week ending November 21, 2014, which were stable as compared to the previous week ending November 14. In the last updates from market, offer prices were in the range of RMB 2800/ton to RMB 3000/ton. Trading prices were between RMB 2700/ton and RMB 2800/ton.
Prices of Dissolving Pulp were spotted at RMB 6025/ton in the last week, which were unchanged from the previous week. Prices of imported Dissolving Wood Pulp were quoted in the range of US$ 805/ton to US$ 810/ton. Prices of Pulp imported from the US and Europe were in the range of US$ 830/ton to US$ 840/ton and US$ 820ton to 830/ton, respectively, while those from Canada were in the range of US$ 750/ton to US$ 770/ton. Prices of Pulp imported from Sweden were between US$ 810/ton and US$ 815/ton.
VSF prices were assessed at RMB 11850/ton in the last week, which were marginally down as compared to the previous week. At the beginning of the week, VSF market opened at RMB 11850/ton and closed at the same levels at the end of the week. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.57/kg to US$ 1.61/kg. Market analysts expect VSF prices to remain stable in the ongoing week.
In the last week, VFY market surged and prices were quoted at RMB 35030/ton. VFY market sentiment was optimistic and there was improved demand from downstream market during the week. VFY producers raised their offer prices to the range of RMB 35000/ton to RMB 35050/ton. In the Chinese market, offers for imported VFY kept steady and were in the range of US$ 5400/ton to US$ 5500/ton.
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Fibre2fashion News Desk - India

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