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India's yarn market faces decline amid slow demand and payment crisis

Trade sources in the viscose yarn sector reported that power looms are running at less than half capacity due to slow demand for fabric and garments, despite the festival season. The current period from July to October is typically considered a time of seasonal demand for viscose yarn. If domestic and export demand does not pick up in the coming weeks, the viscose value chain may face sluggishness throughout the season.

In the Ludhiana market, prices of PC and polyester yarn dropped by &#****;*-* per kg. Recycled polyester fibre also lost significant value in the last couple of days. A trader from the Ludhiana market told Fibre2Fashion, “The market saw a decline in prices because of slow demand and payment constraints. The shipment of textile products, including yarn and fabric, has still not resumed after the political upheaval in Bangladesh. Local demand and garment exports also failed to support the yarn market.”