Viscose fibre or rayon prices range bound in Asia
Viscose fibre
Viscose fibre or rayon markets were quiet in Asia in the third week of January with some price changes seen in China. In China, some producers concluded few deals at previous prices in H1, and gradually concluding transactions later. Offers recovered in the latter half of the week, while fresh sales reduced gradually. In India, viscose fibre prices remained unchanged given the firmness in cotton prices. In Pakistan, offers for viscose fibre generally rolled over as cotton market was on a flat run.
Viscose filament
Viscose filament yarn markets in China saw downstream converters started restocking materials for the upcoming Spring Festival and trading atmosphere was stable amid ongoing activities. In India viscose filament prices generally rolled over as market activities were flat amid stagnant demand.
Viscose yarn
Viscose spun yarn prices slightly rose in China on firmer VSF prices. Some mills revised offers up, while most had suspended production for Lunar New year holidays. In India, viscose yarn prices rolled over, with both demand and raw material cost almost stagnant.
Pulp
Viscose fibre or rayon raw material, the dissolving pulp market saw most deals for hardwood pulp coming to an end. Offers were at US$900-910 a ton, while trading prices were at US$890-900 a ton, mainly at the previous week’s levels. Discussions for softwood pulp also weakened a bit, with bid heard at US$910-920 a ton. Filament-grade dissolving pulp prices were a bit weak as discussions for softwood pulp at US$960-980 a ton. Given the appreciation of Yuan, downstream converters in China mostly purchased normal volumes. In China, domestic dissolving pulp prices were stable to soft. Offers were heard at US$1,095-1,110 a ton, while discussions were mostly around 7US$1,080 a ton.
Cotton linter market was notional amid growing holiday atmosphere. Prices of filament-grade linter were at US$555-560 a ton in Shandong and at US$445-470 a ton in Xinjiang. Cotton pulp prices were stable to weak, with some discussions still ongoing. Offers were at US$1,065 a ton, with firm discussions mostly at US$1,050.
