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Viscose yarn prices up in Indian market; poly, PC yarn remain stable

PC yarn was stable in Ludhiana, but polyester spun yarn prices eased by &#****;* per kilogram in this market. Surat market noted steadiness in polyester spun yarn. Traders indicated that the new payment rule severely impacted sentiments in the yarn trade, with buyers reluctant to place new orders and cancelling previous ones due to concerns about failing to make payments within the stipulated **-day period of the current fiscal.

A trader from the Ludhiana market informed Fibre2Fashion, "Polyester yarn prices eased due to slow demand, with buyers hesitant to place new orders because of concerns regarding the new payment rule. Recent rulings concerning payments to micro and small businesses have also dampened market sentiments. The PC yarn market also noted a bearish tone despite stability in prices."