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Viscose pricing upward momentum decelerates entering off-season

VSF markets remained northbound in the week ended 24 July, but the upward momentum somewhat decelerated given the recovery in production and hard to push cost pass-on to downstream buyers. In China, producers raised offers for medium-end and high-end goods while transactions followed up gradually. In China, offers for medium-end VSF were raised US cents 5 a kg from previous week high-end VSF was dearer by US cents 6 a kg. Downstream spun yarn markets were range bound weakly given the distinctive off-season atmosphere and mills cautiously purchasing VSF at high price levels.

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