Specialised polyester yarn prices rose by ₹2–3 per kg as buyers and traders turned bullish following significant crude oil price fluctuations. Polyester fibre and its downstream products typically become costlier when crude prices rise. Supply concerns due to the intensifying Iran-Israel conflict contributed to the rally in crude oil prices. According to market sources, India’s major virgin polyester fibre manufacturer postponed its scheduled fortnightly price revision last Monday and did not communicate any price rollover either. A trader from the Surat market told Fibre2Fashion, “FDY and other specialised yarn prices jumped as buyers turned bullish after the crude oil price hike. However, traders are now waiting for the latest PSF prices to assess the direction of the polyester spun yarn market.”
In Surat market, 30 count polyester spun yarn was traded at ₹145-146 (~$1.68-1.69) per kg (GST extra); 40 count poly spun yarn at ₹163-164 (~$1.88-1.90) per kg; 50/48 fully drawn yarn (FDY) at ₹119-120 (~$1.38-1.39) per kg; 75/72 FDY at ₹110-111 (~$1.27-1.28) per kg; 75 bright yarn at ₹109-110 (~$1.26-1.27) per kg.
In the Ludhiana market, PC and polyester spun yarn prices remained stable, but demand was weaker compared to Surat. According to a Ludhiana-based trader, the downstream industry has already completed its initial yarn purchases for the winter and festival seasons. The recent surge in crude oil prices has also made buyers cautious.
In Ludhiana, 30 count PC combed yarn (48/52) traded at ₹202-211 (~$2.34-2.44) per kg (GST inclusive); 30 count PC carded yarn (65/35) at ₹190-200 (~$2.20-2.31) per kg; 20 recycled polyester yarn at ₹120-125 (~$1.40-1.46) per kg; 30 count polyester spun at ₹158-165 (~$1.83-1.91) per kg (GST inclusive); recycled polyester fibre (PET bottle fibre) at ₹77-79 (~$0.89-0.91) per kg and virgin polyester fibre at ₹100 (~$1.16) per kg.
Viscose yarn prices remained stable in both Surat and Mumbai markets, although demand was quite strong amid supply concerns. Regular buying from the consumer industry was reported. Trade sources in Mumbai stated that while viscose yarn prices remained unchanged, mills continued to dictate pricing trends, indicating strong demand. The Iran-Israel conflict has not only supported crude oil price increases but also caused significant volatility in the US dollar index. Rising shipping freight charges are further discouraging new viscose yarn imports, and continued supply disruptions could push prices higher.
In Mumbai, imported 30 count viscose vortex yarn was priced at ₹207-213 (~$2.39-2.46) per kg; and local 30 count ring-spun viscose yarn at ₹208-215 (~$2.40-2.49) per kg in this market. In Surat, 30 viscose compact yarn (local) was sold at ₹222-223 (~$2.60-2.61) per kg (GST extra) and 30 viscose vortex yarn at ₹207-208 (~$2.57-2.58) per kg.
In north India, cotton prices edged up, supported by rising crude oil prices. ICE cotton was also positive on Monday, with domestic prices increasing by ₹10 per maund (37.2 kg). Trade sources indicated limited activity in the region, as spinning mills procured cotton from the Cotton Corporation of India (CCI) and international sources. Ginners and stockists quoted higher prices, expecting support from rising crude oil to lift polyester prices.
North India’s cotton arrivals totalled 700 bales (170 kg each), including 500 bales in Haryana and 200 in upper Rajasthan. No new arrivals were reported in lower Rajasthan and Punjab. Cotton prices ranged between ₹5,710–5,720 (~$66.02–66.13) per maund in Punjab; ₹5,530–5,590 (~$63.94–64.63) in Haryana; and ₹5,680–5,790 (~$65.67–66.94) in upper Rajasthan. In lower Rajasthan, prices stood at ₹53,300–54,800 (~$616.24–633.58) per candy (356 kg).
ALCHEMPro News Desk (KUL)
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