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VFY enters the stage of steady development
 VFY market held steady in the second quarter of 2019. VFY plants generally kept normal operation and third-grade VFY inventory was gradually absorbed. Dull VFY saw better sales in Apr, driven by orders of crepe fabric, but decreased somehow in May due to slower sales of crepe. Market activity was subdued in May. Traders and weaving mills showed increasingly bearish expectation, so they generally purchased VFY on need-only basis. 



Sales both at home and abroad gradually slowed down in Jun due to the influence of traditional slack season, so the selling pressure increased somehow and inventory inched up. There were more rumors about discounts on the market, but prices for most products still kept firm. There were few popular varieties on the market and most plants just built up stocks for conventional production. 

VFY price kept firm while pulp price was going down, exerting positive impact on VFY profits. VFY industry has entered the stage of stable development, but new capacity expansion and possible feedstock market fluctuation are noteworthy. 
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