Steady appreciation observed in Spun Rayon market
The domestic textile raw material market is currently navigating a consistent upward trend for synthetic staples. Spun Rayon has demonstrated resilience, climbing Rs 13 per kg over the past month, with the latest weekly update showing a gain of Rs 3 per kg to reach Rs 295.00 per kg in Ahmedabad. This movement reflects a steady, incremental approach to pricing rather than sharp volatility, helping procurement teams manage their input costs with greater clarity amidst the ongoing June appreciation phase.
Evaluating the 3M and 6M outlooks, the current price level sits near the peak of the recent range. Starting the month at Rs 282.00 per kg, the consistent growth pattern has been well-received by the market. Traders are currently assessing how these levels influence long-term commitments. Indian Spun Rayon prices are central to these discussions, as the grade has reclaimed significant ground from its earlier monthly lows. Furthermore, the interest in Spun Rayon prices in India remains elevated as manufacturers weigh the impact of these adjustments on finished goods. As the market stabilizes, keeping a close eye on the support level of Rs 282.00 per kg is recommended for those looking to optimize their purchasing schedules. Indian Spun Rayon prices are likely to hold firm if current demand patterns persist throughout the upcoming fortnight, Spun Rayon, Rayon Yarn, Viscose Yarn, Cellulosic Fiber, Textile Industry, Sustainable Textiles, Yarn Market.
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