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Mixed trend in polyester & viscose yarn in India, demand still weak

A similar trend was noticed in viscose yarn last week, but it traded steadily in Surat and Mumbai today. Polyester-cotton prices were also unchanged in Ludhiana, a prominent market for blended yarn. Opinions varied regarding the demand in the garment industry. Some traders felt that the garment industry’s fabric buying was slow due to sluggish retail demand and poor export orders, while others said demand was gradually picking up from consumer industries.

Ludhiana market continued to see a further rise in polyester yarn prices by &#****;*-* per kg over the last week. A trader from Ludhiana market told Fibre2Fashion, “Polyester staple fibre is set to see a further rise of &#****;* per kg. Earlier, they had increased prices by &#****;* per kg. Spinning mills and stockists are trying to benefit from the short-term trend. Demand from the garment industry is still weak. The market can turn around only when export and local garment demand picks up.”