VSF prices see turnaround

The downtrend in viscose staple fibre markets stopped but they failed to take a bigger surge although prices moved up a bit. Some producers saw good sales/production ratio and many received orders after raising offers successfully.

Downstream market still resisted new prices, so there was a broad flexibility in discussions. In contrast, viscose filament yarn markets headed down as downstream producers kept run rate normal and had no interest to buy due to lack of orders. Viscose producers focused on securing cash flow at the moment, providing more discounts during discussions. In an industrial meet this week in China discussions were all about how to maintain market price. However, the overall sentiment still remained slightly bearish.