Polyester spun and specialised yarns gained an additional ₹2–3 per kg. Last week, Indian virgin polyester fibre producers raised prices following a surge in crude oil. The US strike on Iranian nuclear sites had triggered fear and uncertainty, leading to a sharp rise in crude oil prices. However, prices dropped after the ceasefire announcement. A trader from the Surat market told Fibre2Fashion, “Polyester yarn prices surged as the recent increase in polyester fibre raised the cost of production. Demand from the consumer industry also improved, as the ceasefire reduced risks to international trade. There are now bright prospects for garment export orders from the West.”
In Surat, 30 count polyester spun yarn was traded at ₹148-150 (~$1.72-1.74) per kg (GST extra); 40 count poly spun yarn at ₹165-167 (~$1.92-1.94) per kg; 50/48 fully drawn yarn (FDY) at ₹123-124 (~$1.43-1.44) per kg; 75/72 FDY at ₹114-115 (~$1.32-1.34) per kg; 75 bright yarn at ₹103-114 (~$1.20-1.32) per kg.
The Ludhiana market also recorded a rise in prices for PC and polyester spun yarn. Prices increased by up to ₹4 per kg for various products in the polyester value chain. According to a trader from Ludhiana, the price hike in virgin polyester fibre encouraged greater buying of polyester yarn. Buyers were keen to book polyester yarn in anticipation of further price increases.
In Ludhiana, 30 count PC combed yarn (48/52) traded at ₹202-210 (~$2.35-2.44) per kg (GST inclusive); 30 count PC carded yarn (65/35) at ₹190-200 (~$2.21-2.32) per kg; 20 recycled polyester yarn at ₹122-127 (~$1.42-1.48) per kg; 30 count polyester spun at ₹160-170 (~$1.86-1.97) per kg (GST inclusive); recycled polyester fibre (PET bottle fibre) at ₹80-82 (~$0.93-0.95) per kg and virgin polyester fibre at ₹103.50 (~$1.20) per kg.
Surat and Mumbai markets also witnessed gains in viscose yarn prices. In addition to optimism over higher export orders, a weaker Indian rupee against the US dollar increased the landed cost of imported supplies. Geopolitical tensions also caused a sharp rise in shipping freight charges, further raising the cost of imports. Trade sources in Mumbai reported that the cost of imported viscose rose due to the weaker rupee and elevated freight costs. Moreover, southern mills have reduced viscose yarn production, tightening market availability. Similarly, vortex yarn prices rose by ₹2–3 per kg in the Surat market due to strong demand. However, viscose compact yarn eased by ₹2 per kg, as the wider price gap with other viscose varieties discouraged demand.
In Mumbai, imported 30 count viscose vortex yarn was priced at ₹209-215 (~$2.43-2.50) per kg; and local 30 count ring-spun viscose yarn at ₹211-218 (~$2.45-2.53) per kg in this market. In Surat, 30 viscose compact yarn (local) was sold at ₹220-221 (~$2.56-2.57) per kg (GST extra) and 30 viscose vortex yarn at ₹208-210 (~$2.42-2.54) per kg.
In north India, cotton prices also increased by ₹10 per maund of 37.2 kg. Better demand and the rise in ICE cotton futures allowed sellers to raise their asking prices. A stronger ICE performance also encouraged buyers to make more deals. Trade sources noted that private ginners and stockists hold minimal cotton stocks. They remain cautious about releasing inventory, given the availability of time until the season ends in late September.
Cotton arrivals in north India totalled 550 bales (170 kg each), including 400 bales in Haryana and 150 in upper Rajasthan. No fresh arrivals were reported in lower Rajasthan and Punjab. Cotton prices in Punjab ranged from ₹5,740-5,750 (~$66.67–66.79) per maund of 37.2 kg; in Haryana, ₹5,540–5,600 (~$64.35–65.04); in upper Rajasthan, ₹5,700–5,810 (~$66.21–67.48); and in lower Rajasthan, prices stood at ₹53,500–54,900 (~$621.40–637.66) per candy of 356 kg.
ALCHEMPro News Desk (KUL)
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