Market experts are optimistic about better demand at the beginning of the new fiscal ****–** in April. They said that the consumer industry and stockists may buy for the longer term as payment flow is expected to improve. Stronger fundamentals in cotton fibre may also provide direct or indirect support to India’s man-made and blended yarn markets.
PC and polyester yarn prices hovered at previous levels in the Ludhiana market. There was slow demand from the consumer industry and stockists, as they were occupied with annual closing during the final days of the current fiscal ****–**. A trader from the Ludhiana market told Fibre2Fashion, “Buying interest further decreased among the consumer industry and stockists as they are more focused on settling their accounts and tax planning. Slow payment flow also influenced polyester and PC yarn prices in the market.”
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