Asian Viscose Staple Fiber (VFY) prices witnessed a varied price trend in April xxxx. Supply and Demand conditions, trade policies and seasonal factors influenced the prices mainly. VFY prices in Chinese market showed marginal fluctuation while the prices in Indian market rose significantly during the month.
Chinese market experienced a steadiness in the VFY prices with few fluctuations during the month. Downstream market experienced the significant uncertainty during the month following the US tariff on Chinese imports. US President started tariff by xxx on February x and it reached to xxxx in April, making the Chinese export market challenging. Further elevated tariff on China, intensified this was as Chinese government also reacted by increasing the tariff on US goods coming to Chinese market.
Amidst this trade war, uncertainty rose in the world’s largest textile export market, which led...
