India's MM yarn may see higher demand amid increased cash flow, PC up

The Ludhiana market experienced a mixed trend in polyester-cotton and polyester spun yarn. Polyester-cotton yarn prices increased by ₹3-4 per kg due to higher demand post-festival. However, polyester yarn faced slower demand, leading to a price drop of ₹1-2 per kg. A trader from Ludhiana told Fibre2Fashion, “PC yarn prices increased due to strong demand post-holidays, and improved payment flows have facilitated additional purchases. Polyester yarn prices may also see a rise in the coming weeks, with the seasonal shift expected to boost PC yarn demand in the next few days.”

In Ludhiana, 30 count PC combed yarn (48/52) traded at ₹213-223 (approximately $2.53-2.65) per kg (GST inclusive); 30 count PC carded yarn (65/35) at ₹200-210 (approximately $2.37-2.49) per kg; 20 recycled polyester fibre at ₹110-119 (approximately $1.31-1.41) per kg; 30 count polyester spun at ₹159-165 (approximately $1.89-1.96) per kg (GST inclusive); and recycled polyester fibre (PET bottle fibre) at ₹76-78 (approximately $0.90-0.93) per kg.

In Surat, the polyester yarn market remained stable amid limited trade. The market was still partially closed due to ongoing holiday festivities. According to market sources, a few buyers and sellers were active in polyester yarn trade, while others remained on holiday. Extended holidays for power loom units also contributed to the thin trade in polyester yarn.

In Surat market, 30 count polyester spun yarn was traded at ₹147-148 (approximately $1.74-1.76) per kg (GST extra); 40 count poly spun yarn at ₹160-161 (approximately $1.90-1.91) per kg; 50/48 fully drawn yarn (FDY) at ₹114-115 (approximately $1.35-1.36) per kg; 75/72 FDY at ₹106-107 (approximately $1.26-1.27) per kg; and 75 bright yarn at ₹105-106 (approximately $1.25-1.26) per kg.

Viscose yarn prices remained stable due to limited trading after the festival, but traders expect demand to increase soon. Improved payment flows and the onset of the wedding season are anticipated to drive viscose yarn purchases, with the wedding season beginning after Diwali and continuing for several months with brief intervals.

In Mumbai, imported 30 count viscose vortex yarn was priced at ₹191-197 (approximately $2.27-2.34) per kg; and local 30 count ring-spun viscose yarn at ₹197-202 (approximately $2.34-2.40) per kg in this market. In Surat, 30 viscose compact yarn (local) was sold at ₹210-212 (approximately $2.49-2.52) per kg (GST extra) and 30 viscose vortex yarn at ₹203-204 (approximately $2.41-2.42) per kg.

In north India, cotton prices steadied today after a slight rise on Tuesday, with prices increasing by ₹10-20 per maund of 37.2 kg from Monday’s levels. Trade sources reported rising mill demand amid limited arrivals, as cotton deliveries have not picked up post-Diwali. Increased arrivals are expected in the coming week.

North India reported cotton arrivals of 12,000 bales of 170 kg, including 500 bales in Punjab, 4,000 in Haryana, 3,500 in upper Rajasthan, and 4,000 in lower Rajasthan. Cotton prices in Punjab ranged from ₹5,690 to ₹5,710 (around $67.52-67.76) per maund of 37.2 kg, while in Haryana, they ranged from ₹5,680 to ₹5,690 (around $67.40-67.52). In upper Rajasthan, prices were between ₹5,680-5,700 (around $67.40-67.64) per maund, and in lower Rajasthan, prices were ₹53,700 to ₹55,200 (around $637.21-655.01) per candy of 356 kg. Seed cotton was priced at ₹7,800-8,000 (around $92.56-94.93) per quintal of 100 kg.

Disclaimer: The prices in this article are based on market sources and hence, readers are recommended to do their own research before making any decision. The publisher and their affiliates are not liable for any inaccuracies or actions taken based on this information.

ALCHEMPro News Desk (KUL)