Company sources confirmed that there will no reduction in prices of viscose staple fibre in November and December, 2011. Cost of raw materials is still on the higher side, thus leaving no room for viscose fibre producers to reduce their offer prices.
Sources further added unlike Chinese textile industry which is used to volatility, Indian textile industry needs more stable operating environment. Volatility in fibre prices lead to stock losses both on fibre and yarn inventory with the spinners and across the value chain.
On the viscose staple fibre import front, falling value of rupee against the dollar will make imports of viscose staple fibre costlier.
Company sources also expressed optimism stating that the situation will improve in the coming few days.
Fibre2fashion News Desk - India
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