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VSF prices show marginal rise in Chinese market last week
24
Feb '14
In the Chinese domestic market, prices of Cotton Linter were quoted at RMB 3050/ton during the last week ending February 22, 2014, which were stable compared to the previous week. In the last updates from market, offer prices were in the range of RMB 2800/ton to RMB 3200/ton, and trading prices were in the range of RMB 2650/ton to RMB 2850/ton. Average prices for last week were RMB 2810/ton.
 
Prices of Dissolving Pulp were quoted at RMB 6735/ton in the last week, which remained 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 Europe were in the range of US$ 900/ton to US$ 920/ton, while those from Canada were in the range of US$ 890/ton to US$ 900/ton. Prices of Pulp imported from Sweden were between US$ 890/ton and US$ 910/ton.
 
VSF prices increased to RMB 12410/ton in the last week, which showed marginal increase over the prices prevailing in the previous week. VSF market opened at RMB 12400/ton during the beginning of the week, and prices increased marginally during the week and were offered in the range of RMB 12400/ton to RMB 12550/ton. In the Chinese market, offers for imported VSF were assessed in the range of US$ 1.78/kg to US$ 1.82/kg. Market analysts expect VSF prices to remain stable-to-soft in the near term.
 
In the last week, VFY market kept unchanged and prices were quoted at RMB 33650/ton, which were relatively stable compared to the previous week, due to sluggish market sentiments. VFY producers kept offers in the range of RMB 33600/ton to RMB 33700/ton. VFY market remained moderate as suppliers raised offer prices, but downstream buyers were reluctant to accept high priced goods. VFY market participants were less confident about market outlook. In the Chinese market, offers for imported VFY hovered in the range of US$ 5640/ton to US$ 5730/ton.
 
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Fibre2fashion News Desk - India


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