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Polyester yarn prices down in India amid weak demand, liquidity crunch

The Surat market has witnessed a drop of &#****;*-* per kg in fully drawn yarn (FDY) polyester yarn. However, polyester spun yarn has remained stable. A trader from the Surat market told Fibre2Fashion, "Payment flow has again slowed down as buyers are not in a hurry to clear outstanding payments in the first month of the current fiscal. The textile value chain did not expect very encouraging buying from retailers." Last month, the Indian market witnessed a good payment flow, as a new payment rule mandated buyers to clear their dues to micro and small enterprises within ** days and within the same fiscal.

According to trade sources, in Surat, ** count polyester spun yarn was traded at &#****;***-*** (approximately $*.**-*.**) per kg (GST extra); ** count poly spun yarn at &#****;***-*** (approximately $*.**-*.**) per kg; **/** fully drawn yarn (FDY) at &#****;***-*** (approximately $*.**-*.**) per kg; **/** FDY at &#****;***-*** (approximately $*.**-*.**) per kg; ** bright yarn at &#****;***-*** (approximately $*.**-*.**) per kg; ** viscose compact yarn (local) at &#****;***-*** (approximately $*.**-*.**) per kg (GST extra).