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Viscose yarn gains on tight supply; PC yarn eases in India

India’s yarn market showed mixed trends on Wednesday as PC yarn prices weakened in Ludhiana due to sluggish demand and pressure following the removal of cotton import duty, while viscose yarn prices strengthened in Surat and Mumbai amid supply-demand mismatch and expectations of improved downstream textile activity. Polyester yarn markets in Ludhiana and Surat remained largely stable on positive demand sentiment.

PC yarn eased by &#****;*-* per kg in Ludhiana market. PC yarn eased amid slow demand. It came under pressure after removal of import duty on cotton. A Ludhiana-based trader told Fibre*Fashion, “Buyers stayed back because PC yarn prices are easing. They are waiting stability in PC yarn prices. Seasonal slowdown in demand was another factor. PC yarn demand slows down after summer season.” Polyester yarn and its raw materials were traded at stable levels amid positive market sentiment. Traders expect easing labour shortages to support demand for polyester yarn in the coming weeks. Demand for polyester-based garments and other textile products is also anticipated to recover after the summer season, providing further support to the market.