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Viscose Markets Witness Firm Deals

• By  Henry Dsouza
• March 28, 2018

RGWP

Dissolving rayon pulp markets saw firm deals gradually finalized, with prices for hardwood pulp at US$945-950 per metric ton and softwood pulp at US$1,010-1,040 per metric ton, down US$15-20 on the fortnight. Filament-grade dissolving pulp prices were stable, with no bullish or bearish factor seen. In China, domestic dissolving pulp market supply may turn ample, as two majors resumed production. Trades were gradually concluded at fresh levels, with the numbers for hardwood pulp at 7,300-7,400 Yuan per metric ton (US$1,155 per metric ton) and softwood pulp at 7,600 Yuan per metric ton (US$1,200 per metric ton).

VSF                                                       

Viscose staple fibre markets were active in the third week but stalemated in the last week, due to weak interest from buyers. In China, following the price hikes in the third week, actual transactions turned modest. No significant replenishment emerged as anticipated while overall enquiring atmosphere softened. Mainstream VSF producers, thus mainly fulfilled previous orders, while traders actively liquidated volumes. Offers for medium-end VSF were up at US$2.37-2.40 per kg while high-end jumped to US$2.42-2.45 per kg. In India, VSF markets was somewhat lustreless, seeing buyers’ confidence weakening, but prices remained supported by firm cost. Prices remained unchanged at INR144-151 per kg (US$2.21-2.32 per kg).

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