According to market sources, Grasim has increased prices of VSF by ₹7 per kg. Dyeing charges are also increased by ₹3 per kg. Therefore, total increase is around ₹10 per kg. The price of modified fibre increased by ₹8 per kg. After the increase, average rates of VSF reached ₹175 per kg for up to the quantity of 50 MT. The average rates will be ₹172 per kg for bulk buyers.
VSF prices are not driven by costlier crude oil as it is sourced from wood. But costlier natural fibre pushed up price of the tree-based fibre. General inflationary effect is also a cause for the price rise.
ALCHEMPro News Desk (KUL)
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