Viscose Daily Briefing-22 March, 2017

Viscose Market

Market continues to be affected by the rumor of falling price. Major supplier for middle class goods insisted on final price @17,000-17,400 RMB/ton, several individual supplier offered low to middle class goods @ 16,500 RMB/ton. High class deal price are all above 17,500 RMB/ton. Overall market is weak and demanding a lower price.

Viscose Yarn price continues to go down, dumping sales at low price is still on. Few suppliers hold stock for over 30 days’ usage. Market is hard to make deals.