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Chinese VFY market shows downward trend on sluggish demand

04 Jun '13
2 min read

Prices of Cotton Linter were assessed at RMB 3270/ton during the last week, which were down by RMB 50/ton from the previous week. In the last updates from market, offer prices were in the range of RMB 3000/ton to RMB 3100/ton. Trading prices were at around RMB 2750/ton to RMB 3000/ton. Average prices for last week were RMB 2810/ton.
 
Prices of Dissolving Pulp were offered at RMB 6600/ton in the last week, which were down by RMB 70/ton from the previous week. Prices of imported Dissolving Wood Pulp were assessed in the range of US$ 850/ton to US$ 870/ton. Prices of Pulp imported from the US were in the range of US$ 820/ton to US$ 900/ton, while those from Canada were in the range of US$ 840/ton to US$ 880/ton. Prices of Pulp imported from Sweden and Russia were between US$ 850/ton to US$ 880/ton.
 
VSF prices maintained a weak tone at RMB 13200/ton in the last week, which was down by RMB 160/ton from the previous week. VSF market opened at RMB 13200/ton, and prices remained stable during the week in the range of RMB 13100/ton to RMB 13300/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.91/kg to US$ 1.93/kg. Market experts expect VSF prices to remain stable-to-soft in the near term.
 
In the last week, VFY market followed a downward trend at RMB 37880/ton due to sluggish demand from the downstream market. VFY producers kept offers in the range of RMB 37500/ton to RMB 38000/ton. Overall, VFY buying sentiments remained lackluster and trading activities were scarce. In the Chinese market, offers for imported VFY hovered in the range of US$ 5870/ton to US$ 5970/ton.
 
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Fibre2fashion News Desk - India

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