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QCO may push polyester yarn prices up in India

*.*pt"> Quality control orders (QCOs) on the polyester value chain may push up yarn prices in the coming days. However, the sustainability of these higher prices for polyester yarn will be questionable due to reduced demand from downstream industries. Market experts have noted that the implementation of QCO has led to a supply disruption of polyester yarn and its raw materials. Despite this, prices of polyester yarn remained stable on the third day of the new year. Similarly, polyester-cotton yarn and viscose yarn prices have remained stable in Indian markets. 

*.*pt"> Demand from the weaving industry was average in Ludhiana. PC yarn and polyester spun yarn prices remained steady. There were expectations of a rise in polyester yarn prices, but support from the downstream industry remained doubtful. A trader from the Ludhiana market told Fibre2Fashion, “The implementation of QCO might restrict imported supplies as many suppliers could not obtain certification from the Bureau of Indian Standards (BIS). However, any price rise may not sustain as the garment industry was underperforming.”