Polyester, cotton, viscose yarn prices dip in India

Polyester-cotton and polyester-viscose yarn prices have decreased by Rs 1-2 per kg in most Indian markets as of May 15, 2024. This decline is attributed to slow demand from downstream industries, likely apparel and textile manufacturers.

Power loom operators are reducing production due to the sluggish demand, further impacting yarn prices. Additionally, the recent decline in cotton prices has contributed to the overall bearish sentiment in the yarn market.

Surat and Ludhiana, major textile hubs, have witnessed a drop in yarn prices. Mumbai, however, has so far exhibited stable yarn prices, possibly due to different market dynamics or a lag effect.

It's important to note that Mumbai is a major financial and commercial center, and its yarn market might be less sensitive to short-term fluctuations compared to production centers like Surat and Ludhiana.

This price trend could have implications for the textile industry overall. Lower yarn prices could lead to more affordable fabric production, potentially benefiting garment manufacturers. However, it could also indicate a slowdown in the textile sector, impacting yarn manufacturers and related businesses.