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Chinese VFY market weakens on sluggish demand
01
Jul '13
Prices of Cotton Linter were assessed at RMB 2950/ton during the last week, which was relatively stable from the previous week. In the last updates from market, offer prices were in the range of RMB 3000/ton to RMB 3100/ton. Trading prices were in the range of RMB 2700/ton to RMB 2900/ton. Average prices for last week were RMB 2770/ton.
 
Prices of Dissolving Pulp were offered at RMB 6650/ton in the last week, which was up by RMB 40/ton from the previous week. Prices of imported Dissolving Wood Pulp were assessed in the range of US$ 870/ton to US$ 880/ton. Prices of Pulp imported from the US were in the range of US$ 800/ton to US$ 900/ton, while those from Canada were in the range of US$ 860/ton to US$ 875/ton. Prices of Pulp imported from Sweden and Russia were between US$ 850/ton and US$ 880/ton.
 
VSF prices surged slightly to RMB 13300/ton in the last week which was up by RMB 50/ton from the previous week. VSF market opened at RMB 13300/ton, remained stable during the week with market prices remaining in the range of RMB 13200/ton to RMB 13400/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.89/kg to US$ 1.92/kg. Market experts predict VSF prices to remain stable-to-soft in the near term.
 
In the last week, VFY market weakened and prices were at RMB 36280/ton due to sluggish demand from the downstream market. VFY producers kept offers in the range of RMB 36100/ton to RMB 36300/ton. VFY market participants were less confident about market outlook amid weak financial market during the last week. In the Chinese market, offers for imported VFY hovered in the range of US$ 5850/ton to US$ 5950/ton.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India


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