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Viscose chain: price fall continues

Viscose chain: price fall continues Source:
Date: 02-10-2012
Visits: 239
Very Poor

The downtrend in the Asian viscose staple fibre markets continued, particularly in China despite a number of large-volume transaction happening, like 5,000 ton deal in Fujian selling mid-to-high end goods for cash. However, overall prices were generally pegged stable, as previous orders were considered as passable for most producers. Asian viscose filament yarn markets were in stable-to-weak trend and prices inched down further.
An industrial meet held in early week in China aimed to stable prices and check the situation of production cuts carried by some producers in earlier period. In the last week before the National Day holiday, players seemed to have weak confidence on the market sentiment in the future, dragged down by viscose staple market sentiment. Upstream dissolving pulp markets were headed south. China’s domestic dissolving pulp prices recovered to the previous level of US$1,180-1,200 a ton while Brazil-origin dissolving pulp remained firm at US$1,000 a ton. Some offers for hardwood pulp were similarly seen at US$1,000 a ton with discounts were available in actual negotiation.
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