Home / Knowledge / News / Textiles / Viscose staple fiber prices expected to zoom in stratosphere

Viscose staple fiber prices expected to zoom in stratosphere

26
Aug '09
Prices of viscose staple fiber (VSF) have been rising continuously since mid-July from 15,500 Yuan per ton to the current 16,900 Yuan per ton. Analysts believe that the price is at its highest point of this year and with consumer season approaching fast in September and October; VSF price is expected to increase further.

July and August are traditional off-season for textiles, but viscose prices witnessed a high level in the off-season, too. In addition to viscose staple fiber, other synthetic fibers also received fair demand in off-season, although they suffered narrow declines.

Analysts believe that downstream textile industry of chemical fibers has not warmed up significantly, but chemical fibers can substitute cotton and rising cotton prices directly results in higher price of viscose staple fiber, therefore downstream demand for viscose starts up in advance.

Cotton price has shown a rising trend since June when it stood at 120,000 Yuan per ton and had reached the highest level of 134,000 Yuan per ton. Current price stands at 13,000 Yuan per ton.

Chinese Ministry of Agriculture and China Cotton Association have predicted that cotton acreage in 2009 will drop by around 13 percent or so. The US Department of Agriculture also projected on June 30 that cotton acreage in 2009 will fall by 4 percent.

Industry sources point out that although the overall scenario of textile and garment industry has not improved, product prices and export volumes have gradually increased and are in a recovery process.

Raw material costs fell in the first half, leading to a decline in cost pressures of textile production. But they are once again expected to slowly move northwards and viscose staple fiber is expected to increase to 18,000 Yuan per ton in the second half of this year.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 26th Oct 2020

25% Bangla garment manufacturing to be automated by 2023

A quarter of garment manufacturing activities in Bangladesh will be...

Pic: Shutterstock

Textiles | On 26th Oct 2020

BCI to cease all field-level activities in China's XUAR

Sustained allegations of forced labour and other human rights abuses...

Pic: Burberry

Information Technology | On 26th Oct 2020

Burberry launches gaming technology for fashion design

Burberry, and digital production agency, Koffeecup have joined hands...

Interviews View All

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Ronald Van Den Broek,

Ronald Van Den Broek

Headquartered in Japan, Mimaki Engineering Co. Ltd. manufactures and...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search