Viscose staple fibre markets in Asia saw upward momentum slowing down considerably during the last week of July, with offers sporadically up marginally. In China, fresh orders of medium-end goods could hardly be balanced, but inventory remained lean on support of previous orders, thus balancing the demand-supply status.
The ratio of high-end goods was at 80-120 per cent, leading to continued tightness in supply. Resumption of CHTC Helon’s and Somet’s production however, depressed market confidence. Prices in India and Pakistan rolled over previous week’s numbers. VSF producers are likely to maintain offers stable to higher in the coming weeks and rolling over their numbers later.
In China, offers for medium-end VSF was up US cents 2 a kg from last week, while High-end VSF offers were steady. Producers’ prices in India and Pakistan remained unchanged.
Courtesy: Weekly PriceWatch Report
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