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Polyester & viscose yarn stable amid fiscal year-end liquidity boost

Buyers from the garment industry are clearing pending payments before the end of the current fiscal on March **. The improved payment flow enhanced liquidity in the entire upstream value chain. However, traders acknowledged that buyers are postponing even urgent purchases for the remaining days of the current fiscal as they do not wish to incur any payment liabilities.

The Ludhiana market witnessed stability amid sluggish demand from the weaving and knitting industry. Most counts and varieties of polyester-cotton and polyester spun yarn were sold at the previous rates. A trader from the Ludhiana market told Fibre2Fashion, "Buyers remained passive because of tight payment conditions. They were occupied with managing accounts and finances, preferring to clear pending payments to micro and small-sized suppliers. Hence, they did not have additional liquidity for fresh purchasing."