VSF prices rise in Chinese market; VFY stable

23 Jul '12

2 min read

Prices of Cotton Linter maintained a stable trend at RMB 3550/ton in the Chinese market last week. In the last update from market, prices were in the range of RMB 3400/ton to RMB 3650/ton. Trading offers were in between RMB 3300/ton to RMB 3600/ton. Average price for last week was at RMB 3350/ton.

In the last week, price of Dissolving Pulp maintained a stable trend at RMB 7650/ton. Prices of imported Dissolving Wood Pulp were assessed at US$ 1000/ton. Prices of Pulp imported from the US were in the range of US$ 1020/ton to US$ 1050/ton, whereas those imported from Canada were in the range of US$ 950/ton to US$ 1050/ton. Prices of Pulp imported from Sweden were at US$ 950/ton to US$ 1000/ton, while those from Russia were quoted in the range of US$ 950/ton.

During the last week, VSF prices increased and were quoted in the range of RMB 15045/ton to RMB 15055/ton. Earlier, price opened with a stable trend in the range of RMB 14845/ton to RMB 14855/ton.

In the Chinese market, offers for imported VSF hovered in the range of US$ 1.95/kg to US$ 2.10/kg. Market experts expect the price to remain range bound around US$ 2.10/kg in the near future.

In the last week, VFY market sustained a stable trend in the range of RMB 44245/ton to RMB 44255/ton. In the Chinese market, offers for imported VFY hovered in the range of US$ 6250/ton to US$ 6350/ton.

VFY market remained stable in the Chinese domestic market. Producers raised offer price of VFY but downstream buyers were reluctant to accept offer. Market participants were less confident during that period. It is expected that PFY market will remain stable in the short run.

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Fibre2fashion News Desk - India

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