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Mixed trends in India's MMF yarn market; viscose up, PC stable

04 Sep '24
5 min read
Mixed trends in India's MMF yarn market; viscose up, PC stable
Mixed trends in India's MMF yarn market; viscose up, PC stable

Insights

  • India's MMF yarn market showed mixed trends due to regional dynamics.
  • Ludhiana saw increased demand and prices for polyester and PC yarn, while Surat experienced weak demand due to lower crude oil prices.
  • Viscose yarn prices rose in Surat but remained stable in Mumbai.
  • Cotton prices increased across North India due to crop damage from heavy rains.

Ludhiana has witnessed higher demand for polyester, PC, and viscose yarn due to the upcoming festival and winter seasons. Prices for these yarns have increased by &#****;*-* per kg since last week in Ludhiana, Mumbai, and Surat. However, fully drawn yarn (FDY) prices have been under pressure due to the steep decline in crude oil and the raw materials used to produce polyester fibre. Market experts noted that festival and winter demand, which typically begins in late June, improved only in the last week as buyers remain cautious about new purchases. The Surat market reported a decline in FDY yarn prices due to lower raw material costs.

In Ludhiana, the market showed better demand for PC and polyester yarn, driven by seasonal demand. Polyester spun yarn prices increased by &#****;* per kg, while PC yarn prices remained stable despite higher demand. A trader from Ludhiana told Fibre2Fashion, "The market saw better buying due to the upcoming festival season. The winter season is also known for higher demand for polyester and PC garments. Manufacturing activities for the festival and winter season improved after a significant delay this year."

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