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India's PC, poly spun yarn up as raw material prices rise, demand high

Polyester yarn prices increased by &#****;*-* per kg in major trading centres such as Ludhiana and Surat. Mills increased their selling prices after an increase in prices of PSF and upstream raw materials by RIL. “Costlier PSF motivated buyers to stock up on the goods. Extended winter also pushed polyester value chain up,” a trader from Surat told Fibre2Fashion. Demand increases for cotton and viscose clothing in summer, while polyester is preferred during winter. Poly spun and PC yarn increased by &#****;*-* per kg in all major markets of the countries. ** count PC combed yarn (**/**) was sold at &#****;***-*** per kg (GST inclusive) in Ludhiana. ** count PC carded yarn (**/**) was priced at &#****;***-*** per kg. ** count poly spun yarn was sold at &#****;***-*** per kg. Recycled polyester fibre (PET bottle fibre) was noted at &#****;**-** per kg, according to Fibre2Fashion’s market insight tool TexPro.  In Surat, Gujarat, poly spun yarn was sold at higher prices. Demand from the downstream industry was stronger as the increase in PSF prices encouraged buyers to make new deals. Poly spun yarn gained &#****;*-* per kg. ** count poly spun yarn was traded at &#****;***-*** per kg (GST extra) and ** count poly spun yarn at &#****;***-*** per kg. 

Reliance Industries Limited has increased the prices of purified terephthalic acid (PTA) and MELT for the current week. But monoethylene glycol (MEG) was kept unchanged. On Friday, RIL had fixed the prices as: PTA at &#****;**.** per kg (+*.**), MEG at &#****;**.** per kg and MELT at &#****;**.** (+*.**) per kg. RIL had increased the prices of PSF by &#****;* to &#****;*** per kg for the current fortnight.