Viscose staple fibre prices were basically on the southward trend in the first half of the week ending 8 Movember. In China, after the ruling of the anti-dumping investigation on dissolving pulp was announced on 6 November, major VSF producers, Fulida and Tangshan hiked their offers with others following the trend. Since Thursday, trading prices tended to remain stable. However, trading sentiment was mixed, but will become clearer in coming week and price will be on steady uptrend in a short term. VSF prices in India and Pakistan were seen rolling over from last week.
In the week of 8 November, discussions for medium-end and high-end were heard at US$2.10-2.12 a kg) and 13.10-13.30 Yuan a kg (US$2.14-2.17 a kg) respectively, while downstream were not so active about new prices and kept purchasing on a need-to basis.. In Pakistan, 1.5D VSF prices were stable at PakRs235 a kg or US$2.19 a kg in the Karachi market. In India, VSF prices were steady at INR 136-143 kg or US$2.17-2.28 a kg, down US cents 3 from last week due to weak INR.
Spun viscose yarn market in China saw stable prices, while downstream market continued to purchase on a need-based volumes with few building up inventory. Viscose yarn prices were mixed while sirospun viscose yarn values remained flat.
Spun rayon yarn 10s was salable, and prices for a few specs were stable to firm. Sirospun rayon yarn values remained flat, with offers for 30s at 19.50-19.600 Yuan a kg (US$3.18-3.19 a kg) amid the tepid liquidity. Some weaving yarns 30s in Zhejiang were offered higher at 17.50-17.60 Yuan a kg (US$2.85-2.87 a kg). In Pakistan, 30s spun viscose yarn was pegged at US$3.54 a kg while 40s was at US$3.70 a kg, both rolling over previous weekâ€™s numbers. In India, export price for 30/1 was at US$2.55 a kg while 40/1 was pegged at US$2.80 a kg.
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