Chinese VSF market remains stable-to-soft last week

07 Oct '13

2 min read

Cotton Linter, Dissolving Pulp, VSF and VFY prices remained largely stable-to-soft in Chinese markets during the week ending October 5, 2013, mainly owing to National Day holidays falling from October 1 to 7, 2013.

In the Chinese market, prices of Cotton Linter were assessed at RMB 2800/ton during the last week ending October 5, 2013. The prices were relatively stable compared to the earlier week. In the last updates from the market, Cotton Linter offer prices were in the range of RMB 2900/ton to RMB 3200/ton, and trading prices were in the range of RMB 2700/ton to RMB 2900/ton. Average prices for last week were RMB 2705/ton.

Prices of Dissolving Pulp were offered at RMB 6575/ton in the last week, which was stable compared to the previous week. Prices of imported Dissolving Wood Pulp were assessed in the range of 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 weak at RMB 12700/ton in the last week, down by RMB 100/ton from the week before. During the week, VSF market opened at RMB 12800/ton, and prices prevailed in the range of RMB 12700/ton to RMB 12900/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 consolidated and prices were at RMB 33900/ton due to sluggish market fundamentals in the Chinese domestic market. VFY producers kept offers in the range of RMB 33900/ton to RMB 34100/ton. VFY market sentiments were lackluster and downstream market remained bearish during that period. In the Chinese market, offers for imported VFY hovered in the range of US$ 5640/ton to US$ 5750/ton.

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Fibre2fashion News Desk - India

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