India’s polyester, viscose yarn face persistent payment issue



India’s polyester, viscose yarn face persistent payment issue

India’s polyester and viscose yarn markets remained under pressure amid sluggish demand, falling crude oil prices and persistent payment constraints. Polyester and speciality yarn prices declined in Surat, while Ludhiana witnessed stable trading despite limited buying interest. Viscose yarn prices also softened in Surat as festive demand remained weaker than last year. Meanwhile, cotton prices rose in north India, supported by firmer ICE futures, slower arrivals and farmers withholding stocks in anticipation of higher returns.

Polyester yarn and speciality yarn further eased by &#****;* (~$*.**) per kg in Surat market. Recent fall in crude oil caused for cheaper polyester raw material. Slow demand and payment constraints also dragged down polyester yarn prices. A trader from Surat market told Fibre*Fashion, “Volatility in crude oil was driven by geopolitical calculations and international dynamics. It creased huge uncertainty in textile value chain. Consumer industry is buying raw material just for immediate requirement.”

In Surat market, ** count polyester spun yarn was traded at &#****;***–*** (~$*.**–*.**) per kg (GST extra); ** count polyester spun yarn at &#****;***–*** (~$*.**–*.**) per kg; **/** fully drawn yarn (FDY) at &#****;***–*** (~$*.**–*.**) per kg; **/** FDY at &#****;***–*** (~$*.**–*.**) per kg; and ** bright yarn at &#****;***–*** (~$*.**–*.**) per kg.



Source link