Weekly Report: VSF (14th Nov~18th Nov)
Author: Nov 19, 2011 10:15
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168tex News: This week, VSF sale is weak. Now the mainstream negotiate price is around 16300-16800CNY/t, dropping by 300CNY. And some low offers are heard of below 16000CNY/t. Currently plants are still mainly carrying out monthly settlement. Tuesday, VSF industry conference is held in Beijing, pricing the monthly settlement guide price at 17000-17200CNY/t. According the conference, major plants put forth the monthly price. Fu Lida Company has settled the monthly price at 17000-17500CNY/t, and the other plants are planning to price the goods at the following week. It will boost VSF price in the short term. But now its production and consumption rate is still low.
This week, VSF market demand changes little. The upstream short cotton staple and cotton fiber price is generally stabilized, but actual deals are seldom. Downstream demand is weak, and the market players are generally standing in the sideline, with low intention to buy in by large. Some has been delayed to the next month. Yarn plants frequently stop production or reduce production, which leads VSF price continue downward.
On the upstream market, short cotton staple price this week is fluctuated, with its price first stable then up. Now Xiajin short fiber cotton is offered at 4000CNY/t, increasing by 400CNY or so. The local oil plants are mostly reluctant to sell up at such a low price, and some people choose to stock up the good until the price is increased. The pulp plants are also hold straddle attitude for the current offer is a little too high. As for cotton pulp, its price is mainly stable, with a few plants down regulated. Now cotton pulp price on the market is generally around 9000-9500CNY/t, keeping the level with that of last week. Downstream VSF plants are generally withhold the price around 8500CNY/t. As is said, there are orders traded at 8800CNY/t. For there is no favorable factors to boost the aftermarket, cotton pulp plants began to reduce production.
On the downstream market, though the national cotton acquisition is relieving capacity, with the price above 30000 China Yuan per ton, the downstream market sale is dull, neither exportation nor domestic demand for the cotton demand. Now the domestic 328 grade cotton offer is around 19176CNY, dropping by 82CNY. As for the rayon yarn, this week, its price is still weak, with its price still down regulating. Now the product reduction phenomenon is increased. Great circle machine operation rate has been reduced to 30%~40%. Currently there is no new orders, and the stock pressure is increased. Now 30S for weaving is mainly around 19500CNY/t, and some low offers are around 19000CNY/t, dropping by 500CNY/t, week on week.
To sum up, currently VSF demand is hard to recover, and by the end of the month, downstream procurement is not active, most of them are waiting a new monthly settlement price. It is estimated that next week, VSF price will consolidate at a low level.
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Editor: candy From: 168Tex.com
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