PTV CNSL Vietnam Market Review – Radical Vietnam cashew nut shell liquid news.
Week 02 from 08 to 14 January 2018
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Vietnam Cashew Nut Shell Liquid (CNSL) price still keeps rising trend. As mentioned in our previous brief reports, the nut shells supply is shorter till the end of the year. Nut shell price has been sharply increasing which continuously pushed up the domestic cashew oil price. Same as weeks ago, Cardanol producers are now the main character in the market who can bear the heat of the burning CNSL price. The Vietnam Cashew Nut Shell Liquid offer price now is around $ 495/mt CIF Busan but reportedly no contracts has been made at this price yet.
Besides, it is the firmly uptrend Crude Oil price which reportedly supported for the surge of CNSL price.
The residue prices increased slightly and stable at 1660 VND / kg but not much quantity is available.
The cashew kernel market has been quiet when kernel buyers have just returned from their holidays and their main activities now is just take a check on their books as well as shipments before they book further quantities. As a result, domestic kernel price has fallen causing many kernel factories to stop their production.