Viscose staple fiber prices have stayed unchanged in the past seven days in China over a lack of demand from downward processors. In Pakistan by contrast, VSF prices have nearly risen 2% in a single week, reflecting strong sales of spun yarns in the current period.
Viscose fiber prices have stayed unchanged for the last three weeks in China whereas slightly raised in the last week in Pakistan.
Benchmark 1.5D VSF is still stuck at 12,400 yuan per metric ton in China, after having been slightly supported by a replenishing wave.
Prices are staying at historical low levels, mostly due to excess capacities in the country as demand is far from rising.
Raw material costs of viscose producers have not moved in the last weeks either, leaving gross margins unchanged at fiber plants.
Downward spinners have also stopped lowering their price offers.
Due to a lack of enthusiasm on the viscose market, prices should slightly drop in the coming period.
In Pakistan, VSF prices have slightly climbed in rupee terms, reflecting the rise of demand for spun yarns from domestic and foreign processors.
Benchmark 1.5D VSF has gained 5 rupees per kilo or nearly 2% in a single week.
With the rupee staying weak in addition, import prices are rising in local currency terms.
Foreign viscose still has a large share of VSF use in Pakistan.
Source: Emergingtextiles
