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Viscose chain: vsf prices remained firm, vfy down

Viscose chain: vsf prices remained firm, vfy down Source:
Date: 31-01-2013
Visits: 269
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Viscose staple fibre markets in Asia were dull with most downstream players finalizing their operations ahead of the coming Lunar New Year holiday in China. Markets in Pakistan were under pressure from cotton fibre while Indian viscose markets were quiet and prices mostly rolled over previous week’s numbers.

Viscose filament yarn markets weakened further as downstream mills were mostly closing for Spring Festival in China, with a few mills planning to shut down early next week. Traders declined to replenish in order to secure cash flow, having little confidence in post-festival market.

Viscose filament producers were struggling to increase offtake, eying higher inventory. Upstream filament-grade pulp was stable this week with offers at US$1,240 a ton (7,800 Yuan). Filament-grade dissolving pulp was talked and heard concluded at US$940-960 a ton. In dissolving pulp markets, mainstream offers were at US$880-950 a ton, while the actual talking value stayed at US$860-910 a ton.
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