Chinese VSF prices stay stable-to-soft last week

09 Sep '13

2 min read

Prices of Cotton Linter were assessed at RMB 2930/ton during the last week ending September 7, 2013, in China, which was relatively up from the week before. In the last updates from market, offer prices were in the range of RMB 3100/ton to RMB 3400/ton. Trading prices were in the range of RMB 2700/ton to RMB 2900/ton. Average prices for last week worked out to RMB 2735/ton.

Prices of Dissolving Pulp were offered at RMB 6620/ton in the last week, which was down by RMB 40/ton from the week before. Prices of imported Dissolving Wood Pulp were assessed at US$ 880/ton to US$ 890/ton. Prices of Pulp imported from the US were in the range of US$ 880/ton to US$ 900/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 remained stable-to-soft at RMB 13040/ton in the last week, which was relatively down from the week earlier. VSF market opened at RMB 13100/ton, remained stable during that period, and prices were assessed in the range of RMB 12950/ton to RMB 13150/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.86/kg to US$ 1.91/kg. Market experts expect VSF prices to remain stable-to-soft in the near term.

In the last week, VFY market remained stable and prices were at RMB 34050/ton due to weak market fundamentals in the Chinese domestic market. VFY producers kept offers in the range of RMB 34000/ton to RMB 34200/ton. VFY market sentiments remained insipid and trading momentum was dull during that period. 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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