Market experts said that dynamics of cotton and polyester fibre are totally different. Sudden diversion of demand from cotton yarn to PC yarn is not possible. Traders also indicated that cotton yarn markets are facing slow demand and payment crunch in the last month of current fiscal ****-**.
In the Mumbai market, cotton yarn prices were hovering at the previous level. The market saw average demand from downstream industry. A Mumbai-based trader told Fibre*Fashion, “Current volatility in polyester value chain further dried up payment flow. Buyers preferred to buy polyester and PC yarn before further rise. Textile value chain is facing payment issue in the last month of current fiscal.”
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