India's MMF yarn markets show mixed trends amid sluggish demand

Certain varieties of polyester yarn decreased by ₹2-3 per kg in Ludhiana, while the Surat market remained stable. Viscose yarn prices dipped by ₹1-2 per kg in Surat, though there was no change in the Mumbai market. Traders anticipate a revival in demand in the second week of the next month, driven by the upcoming festival season.

The Ludhiana market observed a downward trend in polyester-cotton (PC) and polyester yarn prices, with a decrease of ₹1-2 per kg due to weak demand and the possibility of a PSF price cut. A leading manufacturer is expected to reduce PSF prices for the next fortnight, influenced by the drop in crude oil prices and the sluggish demand from spinning and downstream industries. A trader in Ludhiana mentioned to Fibre2Fashion, “If PSF prices are cut by ₹2 per kg or more, buyers may come forward. A smaller price cut will discourage buyers in the current market scenario. Traders expect demand to pick up in the second week of August.”

In Ludhiana, 30 count PC combed yarn (48/52) traded at ₹212-222 (approximately $2.53-2.65) per kg (GST inclusive); 30 count PC carded yarn (65/35) at ₹200-210 (approximately $2.39-2.51) per kg; 20 recycled polyester fibre yarn at ₹114-125 (approximately $1.36-1.49) per kg; 30 count polyester spun at ₹165-173 (approximately $1.97-2.07) per kg (GST inclusive); and recycled polyester fibre (PET bottle fibre) at ₹77-80 (approximately $0.92-0.96) per kg.

Most varieties and counts of polyester yarn remained stable in Surat. Market sources indicated that buyers stayed away as they awaited new PSF prices for the next fortnight, which would set the market tone following the drop in crude oil prices. The market experienced limited trade on the last day of the current month.

In Surat, 30 count polyester spun yarn was traded at ₹148-149 (approximately $1.77-1.78) per kg (GST extra); 40 count poly spun yarn at ₹162-163 (approximately $1.94-1.95) per kg; 50/48 fully drawn yarn (FDY) ₹120-121 (approximately $1.43-1.45) per kg; 75/72 FDY ₹109-110 (approximately $1.30-1.31) per kg; 75 bright yarn ₹108-109 (approximately $1.29-1.30) per kg.

Viscose yarn prices slightly decreased in Surat but remained stable in the Mumbai market. Trade sources noted that viscose yarn is primarily used for ladies' garments, and demand typically increases during the festival and wedding seasons. Traders expect demand to rise in August as the festival season begins.

In Mumbai, imported 30 count viscose vortex yarn was priced at ₹196-202 (approximately $2.34-2.41) per kg; and local 30 count ring-spun viscose yarn at ₹203-208 (approximately $2.43-2.48) per kg in this market. In Surat, 30 viscose compact yarn (local) was sold at ₹205-207 (approximately $2.45-2.47) per kg (GST extra) and 30 viscose vortex yarn at ₹200-202 (approximately $2.39-2.41) per kg.

In north India, cotton prices retreated after gains in the previous session. Prices had risen by ₹25 per maund of 37.2 kg on Tuesday but returned to Monday's levels. Mills were not actively purchasing, uncertain about demand from the fabric and garment industries. Ginners and stockists were also hesitant to sell at current prices, expecting a rise of ₹100-150 per maund as cotton availability dwindles. Cotton arrivals in Haryana dropped to just 100 bales, with no arrivals reported in Rajasthan and Punjab.

Today's arrivals further reduced to 300 bales of 170 kg in north India, with Haryana being the only state recording this arrival. Rajasthan’s arrivals nearly ceased, and Punjab’s arrivals had already ended. Cotton prices in Punjab ranged from ₹5,800 to ₹5,825 (approximately $69.29-69.59) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,700 to ₹5,725 (approximately $68.10-68.40). In upper Rajasthan, cotton was priced between ₹5,500 and ₹5,800 (approximately $65.71-69.29) per maund. Bikaner line cotton sold for ₹5,900 to ₹6,000 (approximately $70.49-71.68) per maund. In lower Rajasthan, cotton was priced at ₹54,500 to ₹56,700 (approximately $651.11-677.40) per candy of 356 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)