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2011-1-5
Cotton linter price stopped falling and started to rebound, while the trading sentiment was not brisk. Suppliers were optimistic about the market after Lunar New Year and they offered higher.
Cotton linter pulp market was largely stable with steady offers. High-quality staple-grade cotton pulp was quoted firmly amid short availability but trades were thin. No public offers were heard in dissolving pulp import market and a few deals were concluded in spot market.
VSF prices inched up and VSF 1.5D was mainly offered at 25300-25600yuan/mt. Downstream plants were generally replenishing stocks before Lunar New Year with no big sum of money, so the price will not be lifted up greatly. Rayon yarn price also kept upward trend.
VFY market did not see big changes as offers were broadly steady. Downstream plants did not show high buying interest at the end of year and the market is expected to be soft in Jan.
source:CCFGroup
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