Viscose prices have stayed frozen in the past weeks in China, being still in holiday mood in the current period. VSF prices have confirmed their decline in 2018 after they have begun to drop by early 2017, as reflected by our 5-year chart.
The viscose markets have remained very stable in the past weeks, as a result of lunar year holidays in the Far East.
Market participants are not yet all back to work in China, meaning demand and offer are still very limited.
Price offers have not been really changed, as future market trends are far from being clear for the moment.
The global economic slowdown could weaken demand for viscose in the coming period.
On China’s domestic market, benchmark 1.5D VSF is up 50 yuan per metric ton or 0.4%.
Beyond short-term volatility, prices have been down 7.9% in the past 12 months, therefore confirming a long-term decline initiated about two years ago.
From a peak above 17,200 yuan per MT, the benchmark indicator has slowly plunged to 13,400 yuan in January this year, being back to a level not seen since March 2016.
Source: Emergingtextiles
