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Better demand, rise in raw material price drive poly yarn in India

According to trade sources, better buying in yarn market drove polyester fibre and yarn prices upwards. There were better sentiments in market after more export orders were received by the industry. Ashok Singhal, a trader from Ludhiana market, told Fibre2Fashion, “Poly spun yarn gained in market as mills increased prices after rise in the price of raw material. Tight supply also improved market sentiments.” In Ludhiana, ** count poly spun yarn was sold higher by &#****;*-* per kg at &#****;***-*** per kg. The price of recycled polyester fibre (PET bottle fibre) was noted at &#****;**-** per kg. However, prices of polyester-cotton (PC) yarn remained stable. ** count PC combed yarn (**/**) was sold at &#****;***-*** per kg (GST inclusive), while ** count PC carded yarn (**/**) was priced at &#****;***-*** per kg, according to Fibre2Fashion’s market insight tool TexPro.

In Surat market, the price of poly spun yarn increased by &#****;*-* per kg due to better buying. A trader from Surat market said that there was better buying in cotton yarn and polyester yarn after new export orders, but viscose was still bearish. Viscose yarn (** count) was sold lower at &#****;***-*** per kg. ** counts poly spun yarn was traded at &#****;***-*** per kg (GST extra) and ** counts poly spun yarn at &#****;***-*** per kg. The prices gained &#****;*-* per kg in last few days amid better demand and increase in raw material prices.