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VSF & VFY prices decline in Chinese market

11
Sep '12
In the last week, Cotton Linter prices continued to uphold a steady trend at RMB 3425/ton. In the last update from market, prices were in the range of RMB 3300/ton to RMB 3500/ton. Trading offers were in between RMB 3200/ton to RMB 3400/ton. Average price for last week was at RMB 3215/ton.
 
Prices of Dissolving Pulp declined to RMB 7700/ton in the previous week, but further it maintained a steady trend. Prices of imported Dissolving Wood Pulp were assessed at US$ 1020/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 in the range of US$ 950/ton to US$1050/ton. Prices of Pulp imported from Sweden and Russia were at US$ 1000/ton.
 
During the last week, VSF prices declined to RMB 15600/ton and later it maintained a stable trend. Earlier, price opened in the range of RMB 15600/ton to RMB 15700/ton, but trading price went down by RMB 50/ton to RMB 15600/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 2.09/kg to US$ 2.15/kg. Market experts believe that price would remain range bound around US$ 2.10/kg in the near future.
 
In the previous week, prices of VFY gradually surged down in the range of RMB 43430/ton to RMB 43530/ton, but trading prices were marked at RMB 43480/ton. In the Chinese market, offers for imported VFY hovered in the range of US$ 6250/ton to US$ 6350/ton. VFY market remained moderate and prices were relatively stable during that period. Producers were optimistic about the demand in September but downstream buyers were less confident due to uncertain market fundamentals.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India


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