The fortnight to June ** split Asia’s man-made cellulosic fibre (MMCF) complex into two markets. Chinese domestic modal *.*D advanced *** CNY/mt to **,*** in a single administered step, while lyocell *.*D slipped *** CNY to **,*** across four sessions, creating a clear premium-versus-commodity divergence within the MMCF complex.
Key price movement
Chinese lyocell *.*D stepped down across four trading sessions before bottoming at **,*** CNY/mt on June **. Modal moved in a single *** CNY administered reset on June ** and held steady thereafter for the remaining days. Pakistan tracked modal and lyocell up by *.** per cent and *.** per cent on cost-push absorption. The Indian premium complex Ecovero, Liva Eco, Tencel, Modal and Lyocell yarns experienced zero change past fortnight.
