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India's poly, viscose yarn may stay positive; elections to curb demand

10 Apr '24
4 min read
India's poly, viscose yarn may stay positive; elections to curb demand
India's poly, viscose yarn may stay positive; elections to curb demand

Insights

  • Polyester and viscose yarn prices in India are expected to stay positive due to slow imports and rising crude oil prices.
  • Viscose yarn prices rose slightly due to limited supply, while polyester yarn prices stabilised.
  • Upcoming elections may impact demand.
  • Markets in Surat, Mumbai and Ludhiana showed varying trends, with traders cautious due to elections.

The Surat market also noted stability in polyester yarn prices after a surge last week. A trader from the Surat market told Fibre2Fashion, "The market did not see further movement in polyester yarn prices as buyers were discouraged after a rise in prices last week. Polyester fibre manufacturers had raised prices after a steep rise in crude oil in the global market. Limited imports caused by the implementation of QCOs also supported market sentiments."

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), according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro.

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