Downslide continues in Chinese VFY market

26 Aug '13

2 min read

Prices of Cotton Linter were assessed at RMB 2950/ton during the last week, which were up by RMB 60/ton from the week earlier. In the last updates from market, offer prices were in the range of RMB 3150/ton to RMB 3350/ton. Trading prices were in the range of RMB 2700/ton to RMB 2900/ton. Average prices for last week were RMB 2725/ton.

Prices of Dissolving Pulp were offered at RMB 6700/ton in the last week, which was relatively down from the previous week. Prices of imported Dissolving Wood Pulp were assessed at US$ 885/ton. Prices of Pulp imported from the US were in the range of US$ 800/ton to US$ 910/ton, while those from Canada were in the range of US$ 870/ton to US$ 880/ton. Prices of Pulp imported from Sweden and Russia were between US$ 860/ton to US$ 880/ton.

VSF prices declined to RMB 13200/ton in the last week, which were down by RMB 50/ton from the week before. VSF market opened at RMB 13200/ton, remained stable during the week, and prices were assessed in the range of RMB 13150/ton to RMB 13350/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.86/kg to US$ 1.91/kg. Market analysts expect VSF prices to remain stable-to-soft in the near term.

In the last week, VFY market declined further and prices were assessed at RMB 34400/ton as downstream buyers showed no interest in replenishment during that period. VFY producers kept offers in the range of RMB 34300/ton to RMB 34600/ton. VFY was in sluggish mood and market participants were less optimistic about market outlook. In the Chinese market, offers for imported VFY hovered in the range of US$ 5660/ton to US$ 5770/ton.

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Fibre2fashion News Desk - India

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