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India's viscose, polyester & PC yarn drop due to cheaper raw materials

24 Jul '24

4 min read

India's viscose, polyester & PC yarn drop due to cheaper raw materials

Insights

India's man-made fibre yarn markets, including polyester, PC and viscose, are experiencing a price drop due to slow demand and cheaper raw materials, with decreases of ₹*-* per kg.
Crude oil price reductions have made polyester cheaper, further impacting prices.
Ludhiana and Mumbai markets saw declines, while Surat noted stability in polyester yarn.

In Ludhiana, both polyester-cotton and polyester yarn prices declined by &#****;*-* per kg over the past week. Virgin polyester fibre is expected to see a rate cut this Friday, while recycled polyester fibre has already decreased by &#****;* per kg. A trader from Ludhiana stated to Fibre2Fashion, “The drop in crude oil prices has made polyester raw materials cheaper. The market is already facing slow demand from the downstream industry. This bearish trend may continue for the next few weeks.”

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