Polyester-cotton, poly spun and recycled polyester prices have witnessed a steep fall in India.

Poor demand and a downward trend in cotton and cotton yarn prices have caused the decline. The declining prices of polyester yarn have left mills in disarray as they have already been facing losses in cotton yarn.

There is no sign of improvement in buying in domestic or export markets. Cheaper cotton and cotton yarn have added to the woes of polyester yarn. Mills are offering even lower prices as buyers remain absent. The declines in polyester yarn prices have left spinning mills in losses during the last week. The mills are now facing a disparity of Rs5 to Rs10 per kg for polyester yarn due to the recent decrease. Polyester-cotton, poly spun and recycled yarn prices also witnessed a steep fall of up toRs25 per kg in Ludhiana due to weaker demand and declining cotton and cotton yarn prices.

The downward trend continues in cotton prices in north India as arrivals are increasing gradually. Spinners’ buying continues to remain weak. Cotton arrivals increased to 6,500 bales of 170 kg in the north Indian region and cotton prices decreased byRs300 per maund of 37.2 kg.