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Viscose Market Summary (May 1-15, 2011) |
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2011-5-16
Cotton linter price kept falling since downstream plants purchased negatively and cotton futures fluctuated greatly. In addition, some suppliers undersold goods on fears over the outlook.
May guiding price for staple-grade cotton linter pulp was fixed at 17000yuan/mt but downstream plants showed no high buying interest, so the market was still dull. Dissolving pulp price trended down and major suppliers had not released latest offers.
VSF market continued to be dreary with falling prices. Goods could not find buyers in some regions and small deals were mainly done on the market. There were low-priced rumors and inventory kept rising, so there was bearish sentiment towards the outlook in short term.
The trading activity of VFY market thin due to diving feedstock rates and shrinking downstream demand. The market is hard to improve in short run.
Source:CCFGroup
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