The Asian viscose staple fibre markets prices were ranged bound this week. In China, prices inched up as downstream were markets were stimulated by rumors of price-hike. However, the new-price hike was unsatisfying, and buyers were mostly consuming their inventories as it needed more time to accept the higher value goods. During the week, owing to sharply run cuts in Jiangsu and Zhejiang given power restrictions prices for downstream spun rayon yarn showed signs of rising.

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

India imposes anti-dumping duty on viscose staple fiber from China and Indonesia [ 05 Aug, 2010]

The Revenue Department has notified imposition of definitive anti-dumping duty on imported Viscose Staple Fibre (VSF) excluding bamboo fibre from China and Indonesia, following the recommendation of this levy by the Designated Authority in the Commerce Ministry in the third week of May.

VSF is a man-made, bio-degradable fibre with characteristics akin to cotton. As an extremely versatile and blendable fibre, VSF is widely used in apparels, home textiles, dress material, knitted wear and in non-woven applications too.

Accordingly, it is notified that imported VSF excluding bamboo fibre from the Indonesian firm PT South Pacific Viscose would attract a definitive anti-dumping duty of $0.103 a kg, while the other Indonesian firm PT Indo Bharat Rayon would have to shell out a definitive anti-dumping duty of $ 0.164 a kg. Any other manufacturer from Indonesia or sourcing exports through Indonesia would attract an anti-dumping duty of $0.512 a kg.

In the case of China, all exporters and also those manufacturers using China as an export base would have to pay a definitive anti-dumping duty on VSF excluding bamboo fire of $0.194 a kg.

China now exports fewer viscose staple fibers to India. In 2009, the exports to India just amount to 1.049kt, so the tax increase will not pose great impact on China VSF export market.

Source: CCF Group