Viscose staple fiber markets firmed up in China and prices continued to rise in the second week of August, due to higher cost amid Yuan depreciation. Low priced medium-to-low-end goods were generally cancelled, and fresh trading prices were fixed at a higher level. Mainstream producers raised offers weekend setting the bottom prices for medium-end and high-end goods.
Viscose price edges up as market sentiment improves
Viscose staple fibre markets were generally range bound. In the first week of August, trades for medium-end and high-end goods in China rolled over and later, market sentiment improved slightly with the reports of maintenance plans at major producers. Negotiations for medium-end and high-end goods mostly moved up.
Prices inched up in China while they remained unchanged in India and Pakistan. VSF prices are expected to continue to climb after transactions partially materialized at fresh levels. Upstream pulp market will also see offers moving up supporting VSF markets.
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Viscose price increase slows down considerably in Asia
Viscose staple fibre markets in Asia saw upward momentum slowing down considerably during the last week of July, with offers sporadically up marginally. In China, fresh orders of medium-end goods could hardly be balanced, but inventory remained lean on support of previous orders, thus balancing the demand-supply status.
