Viscose Market Summary (Oct 11-29, 2010)

Cotton linter price kept hiking driven by refined cotton demand as well as tight supply. The higher quotation had risen to 14000yuan/mt and if there is no adjustment in cotton, the price will still keep firm.

Cotton linter pulp prices were pushed up by hiking cotton linter rates and the higher selling idea for staple-grade varieties had climbed up to 19800yuan/mt. Dissolving pulp suppliers in import market stopped offering, so CCF price suspended updating lately.

VSF market still kept strong momentum as producers continued to pick up offers. Spinners in Zhejiang and Jiangsu who built up more stocks acted cautiously now but plants in other regions were still chasing up. Rayon yarn price also gained constant upswing.

VFY producers were also adjusting up offers and the higher increase was 4000yuan/mt, announced by Nanjing Chemical Fiber. Given rising cost and bullish expectation, VFY market is expected to trend up further.

Viscose Market Summary (Oct 11-29, 2010)

source:CCFGroup.com