| 

Polyester, PC yarn surge in India; viscose rises on higher freight

Traders said buyers and sellers of polyester and PC yarn are unable to finalise bulk deals due to unpredictable volatility, resulting in thin trade in the polyester segment. Meanwhile, viscose yarn prices have risen as higher shipping container freight has increased import costs in the domestic market.

The Ludhiana yarn market has registered steep price rise in PC and polyester yarn. PC yarn jumped by &#****;**-** per kg and polyester yarn shot up &#****;**-** per kg. virgin polyester staple fibre and recycled polyester fibre also rose by &#****;** and &#****;* per kg respectively. Polyester fibre and yarn prices fuelled by steep rise in crude oil, caused by supply disruption due to war in the Middle East. A Ludhiana-based trader told Fibre*Fashion, “Buyers are unable to purchase yarn amid such volatility, while sellers are also reluctant to quote prices due to uncertainty. Actual trade has slowed as market participants prefer a wait-and-watch approach in the current scenario. They are expecting stability in market dynamics, though fluctuations may continue until the war ends.”