VFY Prices Fluctuate in 2023, Potential Surge Expected Amid Textile Challenges in 2024

VFY Prices Fluctuate in 2023, Potential Surge Expected Amid Textile Challenges in 2024

Yage Kwon 03-Jan-2024

In xxxx, the market for Viscose Filament Yarn (VFY) exhibited a relatively stable to declining price trend, marked by sporadic sales promotions early in the year. After that, sales remained steady without any pressure, and trading prices increased gradually. Meanwhile, by the end of the year xxxx, the price reduction was encouraged by the lower number of purchases. As a result, manufacturers reduced the quotation for VFY Bright xxF to USD xxxx.xx/MT Ex-Surat by the end of December.

In xxxx, VFY plants were operating at a consistent xxx operating rate, the highest level in the previous few years. The primary reason for this was increased production activity coupled with stable VFY sales and profits. No unforeseen circumstances or maintenance influences were present at the same time. In the third quarter, during the sluggish season, VFY sales decreased. The feedstock stockpile was restrained by...

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