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PC prices surge amidst cotton cost hike; polyester yarn steadies

28 Feb '24
4 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Polyester-cotton prices surged due to higher cotton costs, influenced by ICE cotton exceeding **0** US cents per pound.
  • Slow demand impacted polyester and viscose yarn prices.
  • Concerns over a new payment rule dampened market sentiment.
  • Cotton prices soared in north India, driven by ICE cotton's rise, with active buying noted despite the hike.

The Ludhiana market witnessed a rise of &#****;*-* per kg in PC yarn. A trader from the Ludhiana market told Fibre2Fashion, “ICE cotton crossed the level of *** US cents. But Indian cotton and yarn are still competitive. It is a positive factor for the steep rise in PC yarn prices. Higher cotton prices increased the cost of production of PC yarn. Although polyester spun remained stable with prices. Its demand was not supportive.”

Polyester-cotton yarn prices increased &#****;*-* per kg in the last four days, but polyester spun yarn prices remained stable due to slow demand. In Ludhiana, ** count PC combed yarn (**/**) traded at &#****;***-*** per kg (GST inclusive), ** count PC carded yarn (**/**) at &#****;***-*** per kg, ** count polyester spun was priced at &#****;***-*** per kg (GST inclusive) and recycled polyester fibre (PET bottle fibre) was quoted at &#****;**-** per kg, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro.

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