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India's poly spun yarn sees limited trade amid muted demand

In Surat, Gujarat, prices improved by &#****;*-* per kg for polyester spun yarn after a previous downfall. The **-count poly-spun yarn was traded at &#****;***-*** per kg (GST extra), and the **-count poly-spun yarn was traded at &#****;***-*** per kg. A trader from Surat told Fibre2Fashion, "Last week, RIL had increased the prices of raw materials, which encouraged the value chain to raise prices. However, demand was still weak, and it is unlikely that there will be any improvement in prices this month." 

Polyester-cotton and polyester yarn sold steadily in the Ludhiana market, with demand from the downstream industry remaining weak due to weak sentiments in the entire value chain. A trader from the Ludhiana market told F*F, "Buyers preferred to wait for the next month, hoping for better demand from the downstream industry. Some brands may come for placing big orders for textile products."