Viscose Offers roll Over

Market Intelligence

Viscose Offers roll Over

RGWP

Dissolving pulp markets saw no fresh offers emerge on the fortnight. Some hardwood pulp producers may issue fresh offers, with intention of raise them for the month. Thus, offers generally rolled over and discussions for hardwood pulp were heard at US$920 per metric ton, while softwood pulp were heard higher at US$1,100 per metric ton. In China, domestic dissolving pulp prices were stable to firm, with hardwood pulp at 7,300-7,400 Yuan per metric ton (US$1,150-1,165 per metric ton) and softwood pulp at 7,500-7,600 Yuan per metric ton (US$1,180-1,200 per metric ton).

VSF

Viscose staple fibre markets in China changed little, although some producers raised offers during the first fortnight of March. Mainstream offers for medium-end and high-end goods were also seen higher, with firm trading prices rolling over. Following huge replenishment last week, fresh trades were slower in the second week, as downstream mills mostly digested stocks. VSF producers held healthy sentiment on low inventory. Offers for medium-end VSF were raised to 14.80-15.00 Yuan per kg (US$2.33-2.36 per kg, up US cents 2) while high-end rolled over were up at 15.00-15.20 Yuan per kg (US$2.36-2.40 per kg). In India, VSF markets were largely stable, with mild transaction seen and with expectation of a new round of buying from mid-late March. Prices rolled over at INR144-151 per kg (US$2.21-2.32 per kg).