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Chinese VSF prices plunge in previous week

19
Jun '12
In the just concluded week, prices of Cotton Linter were stable-to-soft at RMB 3500/ton. Earlier, price opened at RMB 3550/ton. In the last update from market, prices were in the range of RMB 3450/ton to RMB 3700/ton.  Trading offers were in between RMB 3400/ton to RMB 3800/ton. Average price for last week was at RMB 3650/ton.

Price of Dissolving pulp declined last week. In Chinese domestic market, prices were in the range of RMB 7750/ton to RMB 7850/ton. Prices of imported Dissolving Wood Pulp were in the range of US$ 1000/ton to US$ 1080/ton. Prices of Pulp imported from U.S, Canada and Spain were in the range of US$ 900/ton to US$ 1150/ton, whereas price of Pulp imported from Sweden was at US$ 950 to US$ 1150/ton while in Russia it was at US$ 1050/ton.

During the reporting week, price of VSF plunged down to RMB 14650/ton. Earlier, price opened in the range of RMB 14950/ton to RMB 15150/ton, but trading price went down to RMB 14600/ton. In Chinese market, offers for imported VSF hovered in the range of US$ 1.90/kg to US$ 2.10/kg. Market experts believed that price should be range bound around US$ 2.10/kg in the near future.

In the same week, VFY prices remained stable-to-soft at RMB 44350/ton. Earlier, price opened at RMB 44400/ton and trading price remained stable-to-soft at RMB 44350/ton. In the Chinese market, offers for imported VFY hovered in the range of US$ 6250/ton to US$ 6350/ton. In Chinese domestic market, trade was sluggish in viscose filament yarn market, as downstream producers bought on hand to mouth basis.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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