Viscose staple fiber (VSF) offers in the Asian markets were lowered again in the last week of May 2019 due to lackluster downstream buying interest amid cautious mentality as a whole. Viscose filament yarn prices were range-bound despite the fall in raw material cost. The market sentiment doesn't seem to improve much and it is likely that it will remain bearish in the coming weeks as well.
Cotton futures continued to witness a fall during that week over the recent worsening situation of the US-China trade issues and amid expectations of a rebound in global cotton production in the coming season.
Courtesy: Weekly PriceWatch Report
