Viscose staple fibre (VSF) price downtrend slowed down in China amid limited availability and decreasing supply in the markets in July. In China, VSF offers were slightly low by the end of the month amid stable pulp prices and insipid demand.
Cotton market weakens, viscose jumps
Cotton futures’ uptrend slowed down in the week ended 5th July 2019 amid expectations of massive production in the coming season, largely in India. Meanwhile, Brazil substituted US cotton suppliers on the Chinese markets due to the US-China trade war.
Viscose staple fibre prices jumped in China, fell in India, and remained flat in Pakistan during the week. In China, VSF offers rose further this week amid limited availability and decreasing supply in the markets. A few downstream buyers restocked VSF again this week despite having bought in huge quantities previously.
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Viscose, cotton markets remain bearish
Viscose staple fiber (VSF) offers in the Asian markets were lowered again in the last week of May 2019 due to lackluster downstream buying interest amid cautious mentality as a whole. Viscose filament yarn prices were range-bound despite the fall in raw material cost. The market sentiment doesn't seem to improve much and it is likely that it will remain bearish in the coming weeks as well.
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VSF prices hold firm in Asian markets
Offers for medium-end VSF in China was down US cent 1 a kg in the week ended 28 September 2018 and high-end fell US cents 2 a kg on the week. In spot, 1.5D VSF was up US cent 1 as compared to last week while 1.2D was largely stable on the week.
Viscose staple fibre prices were range-bound in the Asian markets of China, India and Pakistan during the week. In China, VSF offers generally were stable-to-up in the week underpinned by firm pulp prices. Market sentiment was seen improving slightly as downstream markets replenished stocks for the holidays.
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VSF price rebounds in Chinese market
Offers for medium-end VSF in China climbed US cents 8 a kg in the week ended 31 August 2018 while high-end were up US cents 9 a kg on the week. In spot, 1.5D VSF jumped US cents 2 a kg as compared to last week while 1.2D was also up US cents 3.
Viscose staple fibre prices in China moved up in the week despite weakening pulp prices. Some traders were clearing their inventories and thus attracted some buying. However, mills followed up with small-volume requirements during the week.
Due to the release of new capacities and cautious mood among buyers, actual transactions were moderate.
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Polyester markets faced downward pressure in June
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Ethylene prices in Asian markets inched up in June on expectations of increase in Chinese demand in the coming period. In Europe, spot ethylene prices rose sharply this month on cracker issues as maintenance was been conducted on the western portion of the ARG ethylene pipeline. In US, spot ethylene prices fell amid the recent restart of crackers after turnarounds and the start-ups of new capacity. Prices rose 4.2% from May in Asia while European spot inched up 1.9% on the month. US spot prices slipped 1.5% during the month.
Polyester market weakens in March, no support from upstream
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Ethylene prices in Asian markets jumped in March supported by strong demand amid the heavy steam cracker turnarounds. In US, spot ethylene fell to a nine-year low on weak sentiment as production from new capacity has overtaken consumption amid downstream disruptions. European ethylene spot prices were almost flat for the month.
Viscose yarn market firms in the light of Lunar New Year
In China, spun viscose yarn offers were pegged stable underpinned by firm viscose staple fibre cost during the week. Buying interest was stable while liquidity was modest during the week.
Some plants were shut for maintenance as planned at the end of 2017, and the overall sentiment was expected to be stable ahead of the Spring Festival.
In India, viscose spun yarn prices were steady on moderate demand during the week.
In Pakistan, viscose spun yarn prices were unchanged during the week.
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Polyester yarn prices continue to rise in China, stable in India
In China, offers for 32s polyester yarn in Shengze were up US cents 5 a kg in the third week of January. Spun polyester yarn offers in China continued the uptrend that week in tandem with firming up polyester staple fibre cost. Market saw modest demand and sales were passable during the week.
In India, spun polyester yarn prices stopped falling and were assessed stable during the week. Prices were supported by firm PSF cost and decent demand.
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Polyester prices inch up in China, down in India
In China, offers for 32s polyester yarn in Shengze rose US cents 3 a kg in the first week of January. Spun polyester yarn offers reacted to the surging polyester staple fibre prices during the week. Market saw moderate demand as sales were modest.
In India, polyester yarn 30 knit yarn prices were down INR1 a kg (down US cent 1 a kg on the week) in Ludhiana market.
In Pakistan, polyester yarn prices were unchanged during the week supported by stable polyester staple fibre cost and increasing demand.
