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India's MMF & blended yarn markets see mixed trends, FDY yarn up

Cheaper imports and a weaker dollar against the Indian rupee have made imported viscose yarn more attractive. Market sources indicated that Ludhiana has yet to recover from nervousness related to the India-Pakistan conflict. Regarding viscose yarn, traders expect demand to improve in the second half of June when production activities for the upcoming festival season pick up across the textile value chain.

Polyester-cotton, polyester spun yarn, and recycled polyester fibre recorded a price drop of &#****;*-* per kg in the Ludhiana market. Slow demand, the recent India-Pakistan conflict, and payment constraints contributed to the price fall. A trader from Ludhiana told Fibre2Fashion, “Buyer interest was lacking due to geopolitical uncertainty. Although markets reopened after the ceasefire between India and Pakistan, trade remains thin. Cities in Punjab are still facing night-time blackouts. The recent tension has added to the woes of the yarn trade, which was already dealing with seasonal sluggish demand.” The market is expected to recover from this disruption in the coming days.