Chinese VFY market shows uptrend last week

08 Dec '14

2 min read

In the Chinese domestic market, prices of Cotton Linter were assessed at RMB 2700/ton in the last week ending December 5, 2014, remaining stable as compared to the previous week ending November 29. In the last updates from market, offer prices were in the range of RMB 2800/ton to RMB 3000/ton. Trading prices were around RMB 2700/ton to RMB 2800/ton.

Prices of Dissolving Pulp were witnessed at RMB 6050/ton in the last week, which were slightly up compared to the previous week. Prices of imported Dissolving Wood Pulp were offered at 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 spotted at RMB 11770/ton in the last week, which were down compared to the previous week. During the week, VSF market opened at RMB 11800/ton and closed at RMB 11750/ton level. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.56/kg to US$ 1.58/kg. Market analysts expect VSF prices to remain stable to soft in the ongoing week.

In the last week, VFY market showed uptrend and prices were quoted at RMB 35090/ton. VFY market sentiment was optimistic and there was improved demand from downstream market during the week. VFY producers surged offers in the range of RMB 35050/ton to RMB 35100/ton. In the Chinese market, offers for imported VFY kept steady and were in the range of US$ 5400/ton to US$ 5500/ton.

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Fibre2fashion News Desk - India

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