Viscose Staple Fiber and Filament Prices (Bi-Weekly Report)

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6 November 2008 - Viscose staple fiber prices continued sharply declining in the last two weeks in China, reflecting lower raw material costs and a continued weakness in demand from spun yarn producers. Filament prices less dramatically fell, however, even stabilizing in the last days as volume sales were recovering.This is mostly due to drastic reductions in operating rates of filament makers. The staple fiber industry may follow the same path. In India, global viscose leader Grasim announced a 30% reduction in its production.

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