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Views: 0 Author: Site Editor Publish Time: 2022-01-26 Origin: Site
1. VSF is underpinned by cost. Pulp price declines slowly and chemicals rebound this week. According to CCFGroup’s data, the theoretical loss of VSF exceeds 1,000yuan/mt again.
2. VSF has been traded in bulk in Fujian-based large-scale plant, which is almost true according to CCFGroup’s investigation and major producers will rarely publish lower prices before Chinese Lunar New Year at the end of Jan.
3. Due to losses of VSF industry, other plants are less likely to announce much lower prices than the one released by major company on Friday and the cost of VSF plants in North China is hard to be lower than that of South China in winter.
4. At present, VSF plants do not have high inventory and spinners are running well, so the influence will occur after Feb even if the Spring Festival is taken into account.