The performance of VSF market is eye-catching this year

The performance of VSF market is eye-catching this year with prices rising steadily under the influence of Ukraine-Russia conflict and repeated COVID-19 infections in China. Large-sized high-end VSF plants further raised offers by 300yuan/mt early this week and the lower price of medium-grade VSF was also adjusted up to 14,700yuan/mt, close to the high point at the beginning of 2021. Rayon yarn price also gained ground by more than 300-500yuan/mt driven by cost, with some rising by more than 1,000yuan/mt. Among them, open-end and vortex-spun yarn kept strong, while ring-spun yarn saw smaller increase. As for rayon grey fabric, some products were quoted up by 0.05-0.1yuan/meter due to continued rising cost, while trading prices are hard to improve