Viscose Market Daily (Sep 7, 2010)

Dissolving Pulp Price Introduction
The price is adjusted modestly on basis of the average contract nomination of suppliers. When the market sees great fluctuation, the suppliers may sell goods much higher or lower than the offers due to their own business operation, but that will not affect our judgement of the price trend.

Viscose staple fiber
VSF market kept upward trend today. High-end VSF 1.2D was quoted up by 200yuan/mt to 18700yuan/mt and discussion levels for VSF 1.5D were getting close to 18200yuan/mt. Prices below 18000yuan/mt were mainly cancelled now. High-end VSF 1.5D was changed hands at above 18300yuan/mt and plants might further raise offers. The trading sentiment on the market was tolerable.

Viscose filament yarn
VFY market tended to be steady. Plants now quoted first, second and third-grade VFY 120D at 37500-38000yuan/mt, 36500-37000yuan/mt and 35000-36000yuan/mt, respectively. Offers on the market were pegged at 37500yuan/mt, 36500yuan/mt and 35500yuan/mt, respectively. Traders gradually replenished stocks recently and sales presented modest.

($1=CNY 6.78)