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.
In China, as market sentiment improved, negotiations for medium-end and high-end goods moved up to 13.40 Yuan a kg (US$2.19) and 13.60 Yuan a kg (US$2.22 a kg) respectively. In India, producers’ prices were up US cent 1 a kg. In Pakistan, 1.5D VSF prices rolled over in the first week of August.
Courtesy: Weekly PriceWatch Report
