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.
Viscose markets facing strong downward pressure as supply expands
Asian viscose fibre markets witnessed strong downward pressure from both expanding supplies and season lull in downstream textile industry. Thus prices softened partially. In China, bearish stance prevailed in VSF market, given the restarts of Xinjiang Shunquan’s and Aoyang’s units, as well as the upcoming startup of Yibin Grace’s new unit. Downstream yarn makers bought with caution, either digesting their stocks or sourcing low-priced goods. Prices were down in China while they rolled over in India and Pakistan.
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Viscose extends the downtrend, prices yet to bottom out
Related Keywords: hardwood pulp price, softwood pulp price, Viscose fibre price, viscose filament price
Bearish end-use sentiment has been casting dark clouds over the entire chemical fiber industry in recent times and prices of most textile inputs have hit an 11-year low. Viscose industry is no different. Viscose producers have been snagged with great losses and the downtrend is predicted to continue. Manufacturers may successively cut production or undertake plant turnarounds to support prices.
