India’s polyester yarn rises before GST cut; viscose demand strong
The Surat market showed a mixed trend in polyester yarn prices. Speciality polyester yarn gained ****;* per kg in the past couple of days, while polyester spun yarn traded steady. A trader from Surat told Fibre*Fashion, “Spinning mills producing speciality polyester yarn have raised prices before the GST rate cut on September **. They wanted to improve their margins ahead of the GST reduction, which caused the price hike. Mills are expected to reduce prices after September ****, once the GST cut comes into effect.”
In Surat market, ** count polyester spun yarn was traded at ****;***–*** (~$*.**–*.**) per kg (GST extra); ** count poly spun yarn at ****;***–*** (~$*.**–*.**) per kg; **/** fully drawn yarn (FDY) at ****;***–*** (~$*.**–*.**) per kg; **/** FDY at ****;***–*** (~$*.**–*.**) per kg; ** bright yarn at ****;***–*** (~$*.**–*.**) per kg.
