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Chinese VSF prices show rising trend

30
Jul '12
Prices of Cotton Linter in the Chinese market were stable-to-up at RMB 3600/ton in the last week, but the market opened with a decline of RMB 100/ton to RMB 3500/ton. In the last update from market, prices were in the range of RMB 3300/ton to RMB 3600/ton. Trading offers were in between RMB 3300/ton to RMB 3500/ton. Average price for last week was at RMB 3350/ton.
 
In the last week, price of Dissolving pulp was stable-to-firm at RMB 7800/ton and market opened with a stable trend. 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 prices of Pulp imported from Canada were in the range of US$ 950/ton to US$ 1050/ton, while those from Sweden were at US$ 950/ton to US$ 1000/ton, and from Russia were at US$ 950/ton.
 
During the last week, VSF prices gradually increased in the range of RMB 15195/ton to RMB 15205/ton and the market opened with a stable trend. Earlier, price opened with an increase of RMB 50/ton to RMB 15100/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 believe that price would remain range bound around US$ 2.10/kg in the near future.
 
In the last week, VFY market maintained 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.VYF market remained lackluster due to weak market fundamentals. Market participants adopted wait-and-see stance during the period. It is expected that VFY market will remain stable in the short run.
 
Click here to view and compare weekly price trends.
 

Fibre2fashion News Desk - India


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