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Polyester, viscose yarn & fibre prices down in India, demand weak

01 Nov '23
3 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Indian polyester and viscose sectors are facing a downturn due to poor performance in the weaving industry and lacklustre retail sales.
  • Key products like PC yarn and polyester fibre saw a price drop of ₹*-* per kg.
  • The slump is expected to persist, despite hopes for a post-Diwali surge.
  • Cotton prices in north India also eased, reflecting a global downturn.

Similarly, the viscose value chain is set to remain bearish, with prospects for improvement delayed until summer. Short-term optimism may emerge in the lead-up to the wedding season. In Ludhiana, PC and poly spun yarn prices dropped by &#****;*-* per kg, while Surat and Mumbai markets registered a &#****;*-* per kg decline in viscose yarn prices. 

The Ludhiana market reported a decline in the prices of PC (polyester-cotton) yarn, with a &#****;* per kg drop attributed to weak demand. Meanwhile, prices of poly spun yarn remained stable despite poor market interest. Speaking to Fibre2Fashion, a local trader remarked, "There were no signs of increased demand from the weaving industry. The subdued sentiment in the yarn market is likely to persist. Even the Diwali festival failed to boost market morale." 

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