Polyester yarn trades in tighter range after recent dip
Polyester Industrial Yarn prices softened slightly this week, marking a Rs 2/kg decline while maintaining a steady overall structure. Indian Polyester Industrial Yarn prices indicate a market that is no longer extending earlier gains, instead moving into a consolidation phase with reduced daily volatility.
Across April, prices moved up from late-March levels near Rs 154/kg and tested highs around Rs 169/kg before easing to Rs 167/kg. The recent dip reflects a mild correction rather than a directional shift. Indian Polyester Industrial Yarn prices now sit within a narrower band, with support and resistance clearly defined, while Polyester Industrial Yarn prices in India continue to show stability after earlier fluctuations.
On a fortnight basis, the trend shows marginal softening, though the broader monthly picture still reflects recovery. Compared to the more dynamic movements seen earlier, current sessions are marked by smaller day-to-day changes. This suggests that the market has entered a phase of equilibrium, where price swings are limited and predictable within a set range.
The current positioning highlights a stable structure, with neither strong upward momentum nor sharp downside pressure dominating the market.
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