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India's polyester yarn rises before GST cut; viscose demand strong

The Surat market showed a mixed trend in polyester yarn prices. Speciality polyester yarn gained &#****;* per kg in the past couple of days, while polyester spun yarn traded steady. A trader from Surat told Fibre*Fashion, “Spinning mills producing speciality polyester yarn have raised prices before the GST rate cut on September **. They wanted to improve their margins ahead of the GST reduction, which caused the price hike. Mills are expected to reduce prices after September ****, once the GST cut comes into effect.”

In Surat market, ** count polyester spun yarn was traded at &#****;***-*** (~$*.**-*.**) per kg (GST extra); ** count poly spun yarn at &#****;***-*** (~$*.**-*.**) per kg; **/** fully drawn yarn (FDY) at &#****;***-*** (~$*.**-*.**) per kg; **/** FDY at &#****;***-*** (~$*.**-*.**) per kg; ** bright yarn at &#****;***-*** (~$*.**-*.**) per kg.