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India's MMF yarn markets show mixed trends amid sluggish demand

Certain varieties of polyester yarn decreased by &#****;*-* per kg in Ludhiana, while the Surat market remained stable. Viscose yarn prices dipped by &#****;*-* per kg in Surat, though there was no change in the Mumbai market. Traders anticipate a revival in demand in the second week of the next month, driven by the upcoming festival season.

The Ludhiana market observed a downward trend in polyester-cotton (PC) and polyester yarn prices, with a decrease of &#****;*-* per kg due to weak demand and the possibility of a PSF price cut. A leading manufacturer is expected to reduce PSF prices for the next fortnight, influenced by the drop in crude oil prices and the sluggish demand from spinning and downstream industries. A trader in Ludhiana mentioned to Fibre2Fashion, “If PSF prices are cut by &#****;* per kg or more, buyers may come forward. A smaller price cut will discourage buyers in the current market scenario. Traders expect demand to pick up in the second week of August.”