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 fundamental improves, fibre filament prices under correction
Viscose or rayon fibre markets saw some improvements both in demand-supply fundamentals and prices in the last week of June. In China, availability of high-end goods shrank significantly with Sateri’s two lines idled for some time. Further, post Dragon Boat Festival, active demand in both domestic and overseas markets emerged and producers adjusted offers upwards in the week. Prices were also seen moving up in Pakistan while they rolled over in India.
Related Keywords: rayon price, viscose filament price, Viscose price, viscose staple fibre price
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.
