Viscose and polyester-cotton (PC) yarn prices in India have remained steady, showing little change in key textile hubs like Mumbai and Surat. Despite the stable trends in viscose and PC yarn, there has been notable price volatility in the polyester yarn market, particularly in Ludhiana.
This fluctuation is largely attributed to seasonal demand shifts, with changes in the textile sector’s production needs influencing market behavior.
In northern India, cotton prices have seen a slight uptick, driven by stronger trends in ICE cotton futures. This increase in cotton prices has had a ripple effect, impacting the local yarn market as demand from spinning mills adjusts to the higher raw material costs. The rise in cotton prices is also being influenced by the ongoing global market dynamics, including the strengthening of the U.S. dollar, which makes Indian cotton more expensive for international buyers.
The textile sector continues to experience mixed pricing patterns, with yarn demand and prices showing regional disparities. In Ludhiana, the polyester yarn market is grappling with price declines, while other regions, particularly those handling viscose and PC yarns, maintain a more stable outlook. As seasonal demand patterns shift, the market is likely to continue adjusting in response to global and local economic factors.
