Weekly Report: VSF (11.7~11.11)
Author: Nov 14, 2011 09:11
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168tex News: This week, viscose staple fiber market price continues downward, with its production and consumption rate changes little. Now its market price is low. The major plants offer is around 16500-17000CNY/t, some relative low is around 16200CNY/t, dropping by 500-1000CNY/t. According to survey, some plants are already on the edge of loss, that will not reduce the price again.
This week, VSF demand is weak, and its price continue downward. Although the down of feedstock price may ease pressure of VSF plants, downstream demand is still weak. The overall market is generally stay on the sideline. VSF marketing recovered little. Moreover, yarn plants stock has mounted up high, which forced VSF price down regulate consistently.
On upstream, short staple cotton price rebound soon this week, and common staple fiber cotton acquisition is seldom. Now short staple fiber cotton in Xiajin area is around 3600CNY/t, while the high quality cotton is above 4000CNY/t, Southern short staple fiber cotton is around 3400CNY/t, and some relatively low is around 3000CNY/t. In Xinjiang market, short staple fiber cotton price is around 3000CNY/t, dropping by 400CNY. As for cotton pulp, cotton pulp market his week is in dull sale, with its price dropped slightly. At the weekend of last week, the cotton pulp industry conference was hold in Tianjin, and finally settle the price at 10000CNY/t. But the price is not so accepted by the market that the price is like invalid. Now the market major discussion price is around 9500CNY/t or below, some even at 9000CNY/t, holding the line with that of last week. Now downstream orders are mostly small orders, and the buyers procurements are mostly cautious.
On downstream, cotton market this week also continue downward for the influence of a weak demand. Now China 328 grade cotton is offered at 19258CNY, dropping by 35CNY/t, comparing with that of last week. Rayon yarn turn out amount is low, and the market is generally staying in the sideline. Rayon yarn cut production or stop production becomes popular for its dull market. Now Xiaoshao rayon yarn price is in disorder. Medium and low grade weaving 30S price is mainly around 20000CNY, but price for big orders is around 19000CNY, dropping by 500CNY in compare with that of last week. Currently, new orders are hard to find, and stocks have piled up.
To sum up, now VSF industry chain is slack, and its demand is not likely to recover. But now there is still a considerable number of feedstock in the yarn plants, downstream buy out discussions are estimated to increase. VSF price next week is estimated to drop slightly.
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Editor: Candy From: 168Tex.com
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