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Poly spun & PC yarn prices steady in India; export orders low

In the Surat market of Gujarat, sluggish demand was noted, but prices were stable at previous levels. The ** count poly spun yarn was traded at &#****;***-*** per kg (GST extra) and the ** count poly spun yarn was traded at &#****;***-*** per kg. “The demand from the weaving industry remained very poor, and buyers were reluctant to book fresh deals without being assured of fabric demand. Yarn prices would get a boost if buying improved. The implementation of the Quality Control Order (QCO) failed to fuel the prices and could disrupt supplies in the domestic market,” a trader from Surat told Fibre2Fashion. 

The Ludhiana market also noted stability in PC and polyester spun yarn prices, and export-oriented garment production activities may begin for the winter season by the end of the current month. However, export orders are not encouraging. “Low orders have discouraged buyers from purchasing raw materials. If new orders improve, the prices of yarn and fabric can get support, but it is not going to happen in the near future,” a Ludhiana-based trader told F*F. The import of PC and poly spun yarn from China is also eating into the demand for the upstream industry.