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Chinese VSF market likely to show stable-to-soft trend
04
Dec '12
In the previous week, prices of Cotton Linter were stable-to-firm at RMB 3150/ton, but this week the market opened with a steady trend. In the last update from market, prices were in the range of RMB 2900/ton to RMB 3100/ton. Trading offers were in between RMB 2800/ton to RMB 3000/ton. Average price for last week was at RMB 2830/ton.
 
Prices of Dissolving Pulp declined by RMB 100/ton to RMB 6850/ton in the last week, and continued to maintain a stable trend. Prices of imported Dissolving Wood Pulp were assessed in the range of US$ 860/ton to US$ 870/ton. Prices of Pulp imported from the US were in the range of US$ 900/ton to US$ 950/ton, while those from Canada were in the range of US$ 850/ton to US$ 950/ton. Prices of Pulp imported from Sweden and Russia were in between US$ 810/ton to US$ 880/ton.
 
Prices of VSF maintained a stable-to-soft trend at RMB 14000/ton in the previous week. Earlier, market opened in the range of RMB 14100/ton to RMB 14500/ton, but the trading prices went down to RMB 14000/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.93/kg to US$ 2.00/kg. Market experts expect the Chinese VSF market to consolidate in the short-term and prices are likely to remain stable-to-soft at around US$ 2.00/ Kg.
 
In the previous week, prices of VFY declined marginally to RMB 41400/ton. Earlier, market opened in the range of RMB 41450/ton to RMB 41850/ton, but the trading prices decreased to RMB 41400/ton. In the Chinese market, offers for imported VFY hovered in the range of US$ 6060/ton to US$ 6160/ton.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India


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