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Viscose chain: price hike faces resistance

Viscose chain: price hike faces resistance Source:
Date: 20-11-2012
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Although viscose staple fiber prices moved up continuing its uptrend but were strong resisted by buyers and trading prices were mostly sustained at the previous week’s levels. In China, VSF majors Tangshan Sanyou and Fulida announced a price hike of US cents 3 a kg which was subsequently followed up by other makers. By week end, a Jiangsu-based mid-to-high end VSF producer offered goods at low price which adversely impacted the market confidence.
Similarly, the Asian viscose filament yarn markets continued to remain weak while producers in China kept offers steady due to an industry conference this week. However, buyers did not accept the nominations released after the industry conference this week. In addition, buyers still sought low prices during discussions. Feedstock filament-grade pulp market continued to trend down easing cost support
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