Various counts and varieties of polyester and polyester-cotton yarn

Various counts and varieties of polyester and polyester-cotton yarn were traded lower by ₹5-10 per kg today in Indian markets. Traders feel that demand for yarn is not improving due to muted activities in domestic and export markets. Higher prices of polyester raw materials failed to boost market sentiments. Market will have to wait for better sentiments.

According to trade sources, there was no significant buying for domestic and export market. Export orders for garment, fabric and yarn were not enough to boost market sentiments. A Ludhiana based trader told Fibre2Fashion, “Recent yarn orders from foreign markets were not enough to support entire value chain of the textile sector.” Last week, Reliance Industries Limited (RIL) had increased prices of raw material but it did not lead to rise in prices of yarn.