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Textiles

Prime Content | 
PC prices surge amidst cotton cost hike; polyester yarn steadies

28 Feb '24
4 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Polyester-cotton prices surged due to higher cotton costs, influenced by ICE cotton exceeding 100 US cents per pound.
  • Slow demand impacted polyester and viscose yarn prices.
  • Concerns over a new payment rule dampened market sentiment.
  • Cotton prices soared in north India, driven by ICE cotton's rise, with active buying noted despite the hike.
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