PTV CNSL Vietnam Market Review Week 20/2018– Radical Vietnam Cashew Nut Shell Liquid News.
Week 20 from 14 May to 20 May 2018
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The cashew nut shell price quickly accelerated the increasing momentum to 2300 vnd / kg when the cashew kernel price sharply declined. Many kernel factories halted their production due to losses.
The nut shell residue price recovered to 1100 vnd / kg after diving nearly to 1000 vnd / kg. Residue demand declined, but such the drop in the shell supply kept the residue price out of further decrease.
Domestic cashew oil price remained stable at 7700 VND / kg. The whole market was weak. However, Sellers were not forced to sell out thanks to their strong condition of finance and warehouse storage.
Cashew Nut Shell Liquid (CNSL) exporting price was not recorded due to the weak CNSL market. CNSL Buyers still hold their position and kept waiting to have the lower price of CNSL to jump into the market.