India's MMF & blended yarn markets see mixed trends, FDY yarn up

Cheaper imports and a weaker dollar against the Indian rupee have made imported viscose yarn more attractive. Market sources indicated that Ludhiana has yet to recover from nervousness related to the India-Pakistan conflict. Regarding viscose yarn, traders expect demand to improve in the second half of June when production activities for the upcoming festival season pick up across the textile value chain.

Polyester-cotton, polyester spun yarn, and recycled polyester fibre recorded a price drop of ₹2-4 per kg in the Ludhiana market. Slow demand, the recent India-Pakistan conflict, and payment constraints contributed to the price fall. A trader from Ludhiana told Fibre2Fashion, “Buyer interest was lacking due to geopolitical uncertainty. Although markets reopened after the ceasefire between India and Pakistan, trade remains thin. Cities in Punjab are still facing night-time blackouts. The recent tension has added to the woes of the yarn trade, which was already dealing with seasonal sluggish demand.” The market is expected to recover from this disruption in the coming days.

In Ludhiana, 30 count PC combed yarn (48/52) traded at ₹202-211 (approximately $2.37-2.47) per kg (GST inclusive); 30 count PC carded yarn (65/35) at ₹190-200 (approximately $2.23-2.35) per kg; 20 recycled polyester yarn at ₹114-118 (approximately $1.34-1.38) per kg; 30 count polyester spun at ₹148-158 (approximately $1.74-1.85) per kg (GST inclusive); recycled polyester fibre (PET bottle fibre) at ₹77-79 (approximately $0.90-0.93) per kg and virgin polyester fibre at ₹96 (approximately $1.13) per kg.

Meanwhile, the Surat market saw a price rise of ₹2 per kg for specialised yarn like fully drawn yarn (FDY), although polyester spun yarn prices remained unchanged. According to market sources, slow demand and payment constraints discouraged polyester yarn purchases, but specialised yarn prices rose due to a demand-supply mismatch. Supply was insufficient to meet even below-normal demand in this segment. Traders admitted that the market had weakened last week due to the India-Pakistan conflict but returned to normal trading after the ceasefire.

In Surat market, 30 count polyester spun yarn was traded at ₹142-143 (approximately $1.67-1.68) per kg (GST extra); 40 count poly spun yarn at ₹156-158 (approximately $1.83-1.85) per kg; 50/48 fully drawn yarn (FDY) at ₹115-116 (approximately $1.35-1.36) per kg; 75/72 FDY at ₹106-107 (approximately $1.24-1.25) per kg; and 75 bright yarn at ₹106-107 (approximately $1.24-1.25) per kg.

Viscose yarn prices remained stable in Mumbai and Surat, except for a decline in vortex yarn prices in Surat. Both markets faced slow demand amid sufficient availability. Market sources said there was weak demand for viscose yarn, but supply from domestic and international sources was better. A trader from Surat noted that Chinese suppliers are offering lower prices, increasing the availability of viscose yarn, especially vortex yarn. Demand is expected to pick up in the second half of June. The latter part of the year will mark the beginning of the festival season.

In Mumbai, imported 30 count viscose vortex yarn was priced at ₹203-207 (approximately $2.38-2.43) per kg; and local 30 count ring-spun viscose yarn at ₹204-209 (approximately $2.39-2.45) per kg.

In Surat, 30 viscose compact yarn (local) was sold at ₹218-220 (approximately $2.56-2.58) per kg (GST extra) and 30 viscose vortex yarn at ₹202-203 (approximately $2.37-2.38) per kg.

In north India, cotton prices eased by ₹20-30 per maund of 37.2 kg over the past week. Weak demand and a decline in ICE cotton futures were responsible for the fall. Although arrivals in north India are declining as the season ends, slow buying, tight payment conditions, and weaker ICE cotton discouraged purchases. Trade sources said ICE cotton was the major factor behind falling domestic prices. Trading remains slow in Punjab despite the ceasefire.

North India’s cotton arrivals totalled 800 bales (170 kg each), comprising 500 bales in Haryana, 250 in upper Rajasthan, and 50 in lower Rajasthan. Punjab reported no fresh arrivals. Cotton prices ranged from ₹5,750 to ₹5,760 (approximately $67.43–67.55) per maund in Punjab; ₹5,620–5,660 (approximately $65.91–66.37) in Haryana; ₹5,760–5,780 (approximately $67.55–67.78) in upper Rajasthan; and ₹54,200–₹55,300 (approximately $635.60–648.50) per candy of 356 kg in lower Rajasthan.

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)