Demand up for VFY in Chinese domestic market last week

18 Nov '14

2 min read

In the Chinese domestic market, prices of Cotton Linter were spotted at RMB 2700/ton in the last week ending November 14, 2014, which were steady compared to the previous week ending November 7. In the last updates from market, offer prices were in the range of RMB 2800/ton to RMB 3000/ton. Trading prices were between RMB 2700/ton and RMB 2800/ton.

Prices of Dissolving Pulp were assessed at RMB 6025/ton in the last week, which were stable from the previous week. Prices of imported Dissolving Wood Pulp were offered in the range of US$ 805/ton to US$ 810/ton. Prices of Pulp imported from the US and Europe were in the range of US$ 830/ton to US$ 840/ton and US$ 820ton to 830/ton, respectively, while those from Canada were in the range of US$ 750/ton to US$ 770/ton. Prices of Pulp imported from Sweden were between US$ 810/ton and US$ 815/ton.

VSF prices were assessed at RMB 11880/ton in the last week, which were marginally lower as compared to the previous week. At the beginning of the week, VSF market opened at RMB 11900/ton and closed at RMB 11850/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.57/kg to US$ 1.61/kg. Market analysts expect VSF prices to remain stable-to-soft in the ongoing week.

In the last week, VFY market increased and prices were quoted at RMB 34960/ton. VFY market sentiment was optimistic and there was a surge in demand from downstream market during that period. VFY producers increased their offer prices and quoted in the range of RMB 34920/ton to RMB 35000/ton. In the Chinese market, offers for imported VFY remained steady in the range of US$ 5400/ton to US$ 5500/ton.

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Fibre2fashion News Desk - India

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