MM yarn demand average in India; viscose yarn prices ease in Surat

The Ludhiana market reported stability in PC yarn prices, though poly spun yarn decreased by ₹2 per kg in the last couple of days. Recycled polyester fibre was also affected by the weaker demand, easing ₹1-2 per kg amidst a bearish scenario in the garment and retail sectors. Despite this, Reliance Industries Limited announced a mid-fortnight increase in virgin PSF prices by ₹1 per kg. A trader from the Ludhiana market told Fibre2Fashion, “There are no positive signs from the demand side. The weaving industry has a sufficient stockpile to meet near-future demands from the garment industry. We do not anticipate a significant improvement in demand in the coming weeks.” 

PC yarn and poly spun yarn experienced decreased sales due to poor demand. In Ludhiana, 30 count PC combed yarn (48/52) traded at ₹195-205 per kg (GST inclusive); 30 count PC carded yarn (65/35) was sold at ₹180-190 per kg; 30 count poly spun was priced at ₹156-165 per kg (GST inclusive) and recycled polyester fibre (PET bottle fibre) was quoted at ₹73-75 per kg, according to Fibre2Fashion’s market insight tool TexPro.

The Surat market observed a steady trend in polyester spun yarn, albeit with viscose yarn trading lower due to reduced demand. Viscose yarn dropped ₹2 per kg owing to this decreased demand. The 30 count poly spun yarn was traded at ₹138-139 per kg (GST extra) and 40 count poly spun yarn at ₹152-154 per kg. The 30 viscose compact yarn (local) was traded at ₹210-211 per kg (GST extra) in Surat. 

In Mumbai, viscose yarn prices remained stable. Sources from the trade industry mentioned that importers were clearing their consignments at reduced rates, not foreseeing a significant surge in prices. The prices for imported viscose vertex yarn and local ring spun viscose yarn were ₹187-192 per kg and ₹202-204 per kg, respectively, according to TexPro. 

Earlier, RIL established new prices for several materials: PTA was set at ₹88.10 per kg, marking a ₹1.20 increase; MEG remained unchanged at ₹51.70 per kg; and MELT rose to ₹93.34 per kg, a ₹1.03 increment. These price alterations became effective last Saturday. Furthermore, RIL increased PSF prices by ₹1 per kg mid-fortnight, setting the rate at ₹108 per kg for the rest of the fortnight. 

Lastly, north India saw a decrease in cotton prices following a previous surge, with guidance from global markets. A decline in ICE cotton has cast a shadow over the market sentiment in north India. Cotton arrival was estimated at 8,200 bales of 170 kg each. The state-wise arrival breakdown was as follows: Haryana with 5,000 bales, Punjab with 800, upper Rajasthan with 800, and lower Rajasthan with 1,600. New cotton was priced at ₹6,350-6,380 per maund of 37.2 kg across north India. 

ALCHEMPro News Desk (KUL)