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.
Cotton pulp prices climbed down steadily in China, pulled by dissolving pulp movement down US$45 a ton. Offers for filament-grade linter were stable in Yuan terms but declined US$5 a ton due to yuan depreciation. Staple-grade linter was sparse in supply, and trades were limited. Offers were down US$40 a ton on the week.
Courtesy: Weekly PriceWatch Report
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