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US VSF Prices Steady Amid Weak Demand and Global Supply Dynamics

2024-10-08 14:35:05.891000

In early October 2024, U.S. viscose staple fiber (VSF) prices remained stable following a surge in September. The CFR prices showed minimal fluctuations due to subdued demand and consistent import prices from Asia. Notably, Chinese VSF production is operating at nearly 85% capacity, supported by low feedstock costs, which has contributed to the stable pricing in the U.S. market. However, maintenance issues at Xinjiang facilities have not resumed, affecting supply dynamics. Looking ahead, U.S. VSF demand may see a slight decline in the coming weeks as inflationary pressures persist in the U.S. economy. Despite solid growth in retail sales, uncertainty looms due to the upcoming November presidential election, which could impact consumer confidence. The apparel industry is also facing challenges, with a reported 4.5% drop in apparel imports, indicating a downturn in demand. Additionally, freight rates from Shanghai to Europe and the U.S. have declined, but an ongoing strike by the International Longshoremen’s Association is expected to disrupt shipping operations and potentially raise costs. This combination of factors highlights the complexities of the current market landscape for VSF and the broader economic environment. [0b435775]

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