M News

Viscose Market Weekly Summary-Mar 20-24, 2017

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Viscose forecast slides, price decline tendency enlarged

This week the viscose market observed price decline, supplier quotation price slides to fit the market. High class deal price is around 17,500-17,600 RMB/ton, a few at 17,300-17,400 RMB/ton. Middle class dominant quotation is around 17,000-17,300 RMB/ton, final deal price a little bit lower then quotation. Rumor has it that the price will declined, and some suppliers nearly completed previous orders.

Forecast

Viscose forecast continues to go downward, this week it has entered the decline tune. Next week some inelastic demands are expected to grow, price decline continues.