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Payment woes, Chinese imports weaken north Indian cotton yarn demand

Cotton yarn prices in Ludhiana dropped by &#****;* per kg amid sluggish demand and tight liquidity. A Ludhiana-based trader told Fibre2Fashion, “Chinese polyester and Tencel fabrics are drawing attention from the consumer industry due to lower prices and better quality. Market liquidity is being pulled towards China, which is the root cause of the payment crisis. These payment constraints have further suppressed cotton yarn demand.”

In Ludhiana, ** count cotton combed yarn was sold at &#****;***-*** (~$*.**-*.**) per kg (inclusive of GST); ** and ** count combed yarn were traded at &#****;***-*** (~$*.**-*.**) per kg and &#****;***-*** (~$*.**-*.**) per kg, respectively; and carded yarn of ** count was noted at &#****;***-*** (~$*.**-*.**) per kg today, according to trade sources.