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Polyester spun yarn prices up in India as raw material costs rise

In the Surat market of Gujarat, poly spun yarn prices increased, with ** count poly spun yarn rising &#****;*-* to &#****;***-*** per kg (GST extra) and ** count poly spun yarn reaching &#****;***-*** per kg. A trader from Surat market told Fibre2Fashion, “Import consignments were not dispatched last month because of implementation of QCO. There might be supply disruptions this month, supporting market sentiments.” 

Polyester spun yarn prices in Ludhiana also increased by &#****;*-* per kg, with concerns about supply supporting market sentiments despite weak demand. “Poly spun yarn prices increased as raw material prices witnessed an upward trend. After Ramazan, consumption will pick up from the downstream industry. Implementation of QCO also led to a rise in poly spun yarn prices,” Ashok Singhal, a trader from Ludhiana market told F*F.