Uptrend Sustains--Viscose Market Summary (Jan 28-Feb 15, 2011)
Cotton linter prices started to climb up after the holiday with improving market sentiment. Coupled with rising cotton rate and tight cotton linter supply, linter price is likely to increase further.
Cotton linter pulp offers were also picked up since the supply was rather tight and VSF plants replenished stocks after the holiday. The price in spot market followed up due to short supply.
VSF price climbed up rapidly after the holiday as VSF 1.5D was mainly quoted at 27500yuan/mt. Given firm feedstock rates as well as good downstream demand, the price will keep uptrend in short term. Rayon yarn prices also kept going up.
VFY market recovered slower since downstream plants would generally resume operation after Lantern Festival. The sales may improve after the run rates of downstream plants increase.
Cotton linter pulp offers were also picked up since the supply was rather tight and VSF plants replenished stocks after the holiday. The price in spot market followed up due to short supply.
VSF price climbed up rapidly after the holiday as VSF 1.5D was mainly quoted at 27500yuan/mt. Given firm feedstock rates as well as good downstream demand, the price will keep uptrend in short term. Rayon yarn prices also kept going up.
VFY market recovered slower since downstream plants would generally resume operation after Lantern Festival. The sales may improve after the run rates of downstream plants increase.
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