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Synthetic yarn sees mixed trend in India; poly spun up, viscose down

20 Mar '24
4 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Polyester yarn prices in India are expected to rise next month due to the implementation of a minimum import price on synthetic knitted fabric.
  • Despite current market fluctuations, with some yarn prices holding steady and others dropping, the Ludhiana and Surat markets anticipate a future demand increase.
  • Meanwhile, cotton prices declined in north India.

Polyester spun yarn and viscose yarn were sold steadily in Surat. Viscose ring-spun yarn was traded lower in the Mumbai market due to poor demand. Traders said that the demand was very slow due to concerns regarding the payment rule. With buyers cancelling their previous orders, one cannot expect good demand in this month.

The Ludhiana market witnessed an increase of &#****;*-* per kg in polyester spun yarn, while PC yarn was traded steadily. A trader from the Ludhiana market told Fibre2Fashion, "MIP on synthetic knitted yarn will boost the demand for polyester yarn. Initially, its prices increased by &#****;*-* per kg. The demand for polyester yarn will pick up in the coming months when the payment rule will not trouble the consumer industry."

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