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Polyester, PC & viscose yarn fall after GST cut; demand slows

Ludhiana saw a price fall in PC and polyester spun yarn, easing by &#****;*–* per kg after the government’s GST cut. A trader from Ludhiana told Fibre*Fashion, “All types of textile fibres now fall under a uniform rate of * per cent. Fibre manufacturers will revise prices for the next fortnight and may partly withhold the benefit of the GST cut. Buyers have delayed purchases as they want to see further price reductions.” Payment constraints also discouraged PC and polyester yarn buying.

In Ludhiana, ** count PC combed yarn (**/**) traded at &#****;***-*** (~$*.**-*.**) per kg (GST inclusive); ** count PC carded yarn (**/**) at &#****;***-*** (~$*.**-*.**) per kg; ** recycled polyester yarn at &#****;***-*** (~$*.**-*.**) per kg; ** count virgin polyester spun at &#****;***-*** (~$*.**-*.**) per kg (GST inclusive); recycled polyester fibre (PET bottle fibre) at &#****;**-** (~$*.**-*.**) per kg and virgin polyester fibre at &#****;***.** (~$*.**) per kg.