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India polyester, viscose yarn notice mixed trend, PC remains down

Despite the majority of the market experiencing a usual low demand, there&#**;s an expectation among traders that the recent drop in yarn prices might draw in buyers. Buyers remain cautious due to uncertain market conditions. Industry experts predict a prolonged slowdown in the textile value chain, given that retail garment demand is unlikely to see an increase this year. 

In Ludhiana, PC yarn prices fell due to lacklustre demand, whereas polyester spun yarn was traded higher. Some mills have raised prices as they were selling at the lowest level, supporting the market for polyester spun yarn. The prices of polyester spun yarn rose by &#****;* per kg. A trader from Ludhiana market told Fibre2Fashion, “Market conditions have remained stable, with subdued sentiment continuing to influence trading. As a result, PC yarn was traded at a loss. However, the prices might find support in the upcoming week due to anticipated increased buying. Attractive yarn prices could potentially attract buyers to take advantage of the situation.”