VSF Market Is Still Too Weak

Yesterday, the VSF market was still too weak and the manufacturers’ shipping amount didn’t show any good tendency. The downstream market is also weak. The reduction of production and offering of both yarns and grey fabrics leads the buyers be lack of interest on the materials. The present quotation of VSF on market stays at 28,500 Yuan/ton, but the practical negotiated price, 28,000 Yuan/ton still has obstacle. Part of the manufacturers’ stock pressure became more and more obvious and they already have had overstock. The traders mostly deal with small orders and their quotations gradually decrease. Industrial conference of VFY and VSF is about to convoke today (March 18), and the market is expecting a new trend after the meeting.