PC yarn prices ease on slower buying in north India; poly spun steady

Ludhiana market noted downward trend in PC yarn. But poly spun showed stability in the prices. PC yarn came down by ₹2 per kg due to weaker demand from downstream industry. A trader from Ludhiana market told Fibre2Fashion, “Demand from downstream industry was not encouraging. The sentiments in PC and spun yarn trade remained weak despite rise in polyester fibre.” However, some traders expect the prices to increase this month as festival demand will pick up.

30 count PC combed yarn (48/52) was traded at ₹202-212 per kg (GST inclusive) in Ludhiana, according to Fibre2Fashion’s market insight tool TexPro. 30 count PC carded yarn (65/35) was sold at ₹193-198 per kg. 30 count poly spun was priced at ₹162-173 per kg (GST inclusive) in the north Indian market. Recycled polyester fibre (PET bottle fibre) was quoted at ₹74-76 per kg. Recycled polyester fibre gained after rise in virgin fibre.

Surat market noted steady trend in poly spun yarn. According to trade sources, the market witnessed average demand. 30 count poly spun yarn was traded ₹138-139 per kg (GST extra) and 40 counts poly spun yarn at ₹152-154 per kg. 30 count viscose compact yarn (local) was noted at ₹204-205 per kg (GST extra) in Surat. Mumbai market noted imported viscose vertex yarn at ₹182-187 per kg. Local ring spun viscose yarn was quoted steady at ₹197-198 per kg.

With effect from last Saturday, RIL fixed prices of polyester raw materials as: PTA ₹86.60 per kg (increase ₹1.10), MEG at ₹50.10 per kg (unchanged) and MELT ₹91.51 per kg (increase ₹0.95).  For the current fortnight, the company had further increased prices of polyester staple fibre (PSF) by ₹2 to ₹106 per kg.

North Indian cotton prices continued to rise because of stronger ICE cotton. Spinning mills were also regular buyer of the natural fibre. However, ICE cotton eased in the previous trading session after steep rise. Domestic cotton prices increased by ₹30-50 per maund of 37.2 kg. According to a trade source, cotton was getting support from ICE cotton. but traders were cautious due to the proposed quality control order (QCO) on cotton bales which is to come up from next month. The natural fibre was traded at ₹6,025-6,125 in Punjab, ₹5,850-5,950 in Haryana and ₹6,150-6,250 per maund of 37.2 kg in upper Rajasthan. The natural fibre was sold at ₹57,000-57,500 per candy of 356 kg in lower Rajasthan.

ALCHEMPro News Desk (KUL)