China Viscose Market Daily (21 Mar 2011)

Viscose filament yarn
VFY market was largely stable and producers quoted bright VFY 120D at 54000-56000yuan/mt, against talked price at 51500-55000yuan/mt. Traders were relative cautious about procurement and downstream plants adopted a hand-to-mouth strategy. Since plants' offers were higher than market prices, some plants would take measures to narrow the price spread recently.

($1=CNY 6.56)