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Chinese linter, VSF & VFY prices stable last week

25
Jun '12
In the just concluded week, prices of cotton linter remained stable at RMB 3500/ton. Prices opened with an incline at RMB 3520/ton. In the last update from market, prices were in the range of RMB 3450/ton to RMB 3650/ton. Trading offers were in between RMB 3400/ton to RMB 3600/ton. Average price for last week was at RMB 3450/ton.

Price of dissolving pulp was stable-to-soft in the week at RMB 7800/ton and it opened with a decline of RMB 100/ton to RMB 7700/ton. Prices of imported dissolving pulp were assessed at US$ 950/ton to US$ 1000/ton.

Prices of pulp imported from U.S were at US$ 900/ton, in Canada and Spain it was in the range of US$ 950/ton to US$ 1150/ton, whereas prices of pulp imported from Sweden was at US$ 950 to US$ 1050/ton while in Russia it was between US$ 1000/ton to US$ 1050/ton.

During last week, price of VSF initially declined, but later it maintained a stable trend at RMB 14550/ton. Earlier, price opened in the range of RMB 14600/ton to RMB 14700/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 continued to remain stable 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, overall VFY market sentiments were lackluster and participants kept sidelines stance and showed less confident in the market.

Downstream players mainly bought on need to basis amid unfavorable market fundamentals during the week. It is expected that VFY market will remain stable-to-soft in the short run.

Click here to view and compare daily price trends. 

Fibre2fashion News Desk - China


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