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Cotton linter & VSF prices decline last week

20
Feb '12
In the just concluded week, price of cotton linter went down, as price could not sustain at higher level and declined from RMB 4500/ton to RMB 4475/ton, whereas trading offers were in between RMB 4450/ton to RMB 4500/ton. Buying sentiment remained quite low.

Price of dissolving pulp did not change in the week under review and was stable in the range of RMB 9450/ton to RMB 9500/ton in Chinese domestic market. Price of imported dissolving wood pulp was in the range of US$ 1300/ton to US$ 1500/ton.

Pulp imported from U.S.A, Canada and Sweden was in the range of US$ 1325/ton to US$ 1475/ton. Counter offers were around US$ 1275/ton to US$ 1400/ton. Pulp imported from Brazil was heard at US$ 1500/ton and pulp imported from Indonesia was at US$ 1400/ton.

Price of VSF decreased at slow and steady rate during the week as producers firmly held their offers around RMB 17550/ton to RMB 17650/ton.

Earlier in the week, price opened at RMB 17,600/ton, but without support of demand fundamentals, trading price went down to RMB 17550/ton. In Chinese market, offers for imported VSF hovered in the range of US$ 2.35/kg to US$ 2.42/kg.

Market experts expect imported VSF price to be range bound around US$ 2.45/kg in near future.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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