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.
Pulp price slips in China after recent gains
In China, due to Yuan depreciation, buyers were relatively resistant towards imported pulp. Dissolving pulp markets saw no fresh offers in the second week of August. However, firm deals were found at US$860-870 a ton for hardwood pulp while offers for materials from other Asian regions and Europe to be available in coming week, are expected on a firm note.
In China, dissolving pulp market drew more attention from domestic viscose producers, due to RMB depreciation. Pulp mills raised offers, and trades were down US$45 a ton from last week.
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Wood pulp dearer amid cautious buying in China
Pulp markets saw some activity in the first week of August as fresh offers for hardwood pulp were heard at US$860-870 a ton, while that for softwood pulp absent. Downstream viscose producers were cautious to accept high offers, so discussions remained stalemated.
In China, dissolving pulp prices moved up and suppliers still tended to raise offers on limited supplies. The prices were up US$10 a ton from last week. Sentiment was firm in imported dissolving pulp market. It is expected that offers for softwood pulp and Asia-origin hardwood pulp will be released in coming week.
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Pulp price moves up in China despite weak interest by viscose makers
Pulp suppliers tended to raise their indications numbers, with that hardwood and softwood pulp were both up US$20 a ton in the last week of July. However, no deals were concluded at those levels since downstream viscose makers showed thin interest.
In China, dissolving pulp prices moved up. Suppliers were unwilling to sell at less than their increased prices which were up US$10 a ton from last week. Downstream reaction was insipid. In the imported dissolving pulp market, confirmed fresh offers were limited.
