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Chinese VSF, VFY prices show stable-to-soft trend

04
Sep '12
In the last week, Cotton Linter prices continued to remain stable at RMB 3425/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 3250/ton to RMB 3500/ton. Average price for last week was at RMB 3300/ton.
 
Prices of Dissolving Pulp were unchanged from higher level and maintained a steady trend in the range of RMB 7870/ton to RMB 7880/ton. Prices of imported Dissolving Wood Pulp were assessed at US$ 1015/ton. Prices of Pulp imported from the US were in the range of US$ 1000/ton to US$ 1050/ton, while those from Canada were at US$ 1000/ton. Prices of Pulp imported from Sweden and Russia were at US$ 1000/ton.
 
During the last week, VSF prices were stable-to-soft at RMB 15650/ton. Earlier price opened in the range of RMB 15650/ton to RMB 15750/ton, but trading price went down by RMB 50/ton to RMB 15650/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 2.09/kg to US$ 2.13/kg. Market experts believe that price would remain range bound around US$ 2.10/kg in the near future.
 
In the previous week, VFY prices gradually declined by RMB 43500/ton, but later trading prices maintained stable-to-soft trend at RMB 43480/ton. In the Chinese market, offers for imported VFY hovered in the range of US$ 6250/ton to US$ 6350/ton. Trading activities remained lackluster and downstream market adopted wait-and-watch attitude. Producers curtailed production rate amid weak market fundamentals. Market participants showed lack of confidence and pessimistic towards market outlook.
 
Click here to view and compare weekly price trends.
 

Fibre2fashion News Desk - India


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