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India's MMF yarn markets decline amid slow demand & Bangladesh crisis

Traders said that markets have been experiencing slow demand for several weeks. Seasonal improvement in demand remains elusive. The Bangladesh crisis has further dampened hopes for a revival in the man-made yarn market. Uncertainty regarding shipments and payments is a significant concern for the Indian market.

The Ludhiana market saw a steep decline in PC yarn prices, with polyester yarn also trading lower by &#****;*-* per kg due to slow demand and concerns regarding the Bangladesh crisis. A trader from the Ludhiana market told Fibre2Fashion, “The market is already facing slow demand and very tight payment flows. The recent turmoil in Bangladesh has also added to the woes of the yarn market. The crisis immediately halted yarn and fabric exports to the neighbouring country. The hope for a diversion of garment export orders remains elusive due to several challenges.”