Indian and China viscose filament markets were stable this week. Reportedly, liquidity in China generally improved from previous week and price realization continued to inch up. However, prices were still in disorder, as some producers and traders held stocks to further adjustments. However, the markets restrained the earlier upward but in coming weeks producers would be able to hike offers given the balanced demand supply position.

Viscose Chain: Viscose markets bullish [ 23 Aug, 2010]

Global wood pulp market weakened further. The NBSK Index value was down US$1.86 a ton (Euro 20.40) on the European market while the same in US market was down US$11.44 a ton. In China, the BHKP Index lost US$7.28 from last week. The dissolving pulp market movement was brisk in Asia given the low inventory.

Asian viscose staple fibre markets were bullish and prices inched up in China while they remained stable in India and Pakistan. In China, the markets were awaiting the next week’s conference, with some expecting a price hike. It is believed that prices would improve if major producers agree to cut production. The viscose filament markets both in China and India were quiet, although producers in China adjusted their offers in response to the decisions on the last conference. The prices were in disorder, as some traders held back stocks before the adjustments.

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Source: YnFx.com

Viscose Chain: VSF price plunges in China [ 02 Aug, 2010]

The wood pulp prices remained almost flat across markets. The NBSK Index value was up US cents 27 a ton (Euro 6.23) on the European market while the same in US market rolled over previous week’s number for the third time.

In China, the BHKP Index was down US$1.64 a ton. In dissolving pulp market, offers for Brazil and Sweden origin pulp were stable but realized transactions were sparse. Viscose staple fibre prices declined sharply in China affected by the continuous plunge seen in the past few weeks. Downstream spun yarn producers had no plans to replenish inventories and consumed feedstock stored in the past. Viscose filament yarn prices in China and Asia were range-bound and offers from producers remained unchanged.

Source: YnFx.com