Viscose fiber prices have slightly declined in the past days in China, over a weakness in demand. Raw material costs have however dropped this week, for the first time in months. In Pakistan by contrast, viscose prices have risen over strong textile exports from the country.
Viscose staple fiber prices have continued slightly declining in the last days in China, back from May Day holidays.
The benchmark indicator has lost 100 yuan per metric ton or 0.8% with 1.4D VSF now reaching 1é,300 yuan per metric ton, as expected in the past weeks.
Demand is too weak for supporting prices.
In addition, raw material costs of viscose fiber producers have begun to slide in the past days.
Cotton pulp prices have dropped 200 yuan per metric ton or nearly 3% whereas wood pulp prices were losing 250 yuan or 3.4%.
Cotton and wood pulp prices had not moved for weeks and even for months, leaving fiber producers with lower margins as a result of the fall of VSF prices.
With their raw material costs now dropping, fiber producers could be pressured by downward processors also confronted with a decline of their prices.
Spun viscose prices have begun receding in the past days in Qianqing whereas the benchmark indicator was losing 50 yuan or 0.3%.
In Pakistan meanwhile, VSF prices have been surprisingly raised by 5 rupees per kilo at 273 rupees.
Strong demand for textiles from Pakistan is currently supporting fiber and yarn prices in the country.
VSF has gained 5% in the past four weeks.
Source: Emergingtextiles
