In May xxxx, Viscose Staple Fiber (VSF) exhibited a varied prices trend in the key global markets. The market price trend was driven by the supply demand dynamics and the recent developments in the market.
In the US market, prices for the VSF followed the decline trend in May xxxx. VSF prices declined by x.xx and reached at USD xxxx/MT CFR Texas, on May xx xxxx. The prices for the VSF were mainly influenced by the limited market activity during the period. While the availability of materials remained ample in the market. Amidst the significant trade tensions and the tariff imposition by US on the importing goods, created huge trade disturbances in the domestic market.
Sluggish activity in textile sector and limited entry of Chinese VSF in US market, made the local downstream manufacturers and consumer cautious and...
