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Viscose filament yarn prices rolled over during the last week of July, with modest demand-supply scenario at the producers’ level. Market offers for the first-class, second-class, and third-class rolled over in China. Export to Europe withered slightly, thus sales pressure shifted to domestic market.

On the other hand, trading sentiment moderated as distributors and downstream converters maintained small-volume procurement, pushing inventory at some producers up. Prices in India also rolled over previous week’s numbers.

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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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