Viscose filament yarn prices rolled over during the last week of July, with modest demand-supply scenario at the producers’ level. Market offers for the first-class, second-class, and third-class rolled over in China. Export to Europe withered slightly, thus sales pressure shifted to domestic market.
On the other hand, trading sentiment moderated as distributors and downstream converters maintained small-volume procurement, pushing inventory at some producers up. Prices in India also rolled over previous week’s numbers.
In India, 120D bright VFY was down US cent 1 due to weak INR and 450D was also down US cent 1 on the week. In China, offers for 120D and 300D dull and bright VFY were stable. VFY market will remain range bound in the coming weeks.
Courtesy: Weekly PriceWatch Report
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