M News

Viscose Daily Summary-Mar 27, 2017

EIH

Viscose Market

Adjustments are made for the quotations of Viscose today to move with the market. High class declined to 17,400 RMB/ton, final deal are said to be at 17,200-17,300 RMB/ton. Middle class has a wider quotation range, major supplier quota at 17,000 RMB/ton, rumor has that low to middle class final deal price at low than 16,500 RMB/ton which is not proven. Deal are made in small quantity mainly, downstream market has no large bulk purchase intention at this time.

Viscose Yarn market is suffering from hard deals, price declined overall.

Forecast

Forecast will continue decline, deal in small orders. This week the slow market condition will continue.