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2010-11-16
Cotton linter market kept uptrend amid tight supply. Though seven Chinese official departments issued notice to stabilize current cotton price, cotton linter market was not affected obviously.
Given rising cost, staple-grade cotton linter pulp was mainly quoted at 22500yuan/mt after the industry meeting, with the higher at over 23000yuan/mt. Imported dissolving pulp was offered steadily at $2400/mt while prices in China spot market hiked to 23000yuan/mt.
VSF price gained big upswing during H1 this month as producers kept picking up offers. Though the price started to soften on Nov 15, the market outlook was still good in medium-to-long period. Rayon yarn price also kept surging, representing an increase of 7100yuan/mt in half one month.
VFY market trended up and first-grade bright VFY 120D was quoted up to 54000yuan/mt. Since downstream plants were unable to accept such high price, traded prices might climb up slowly.
source:CCFGroup.com
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