India's PC, poly spun, viscose yarn markets subdued; buying still weak

The Ludhiana market has witnessed a bearish tone in PC yarn and poly spun yarn, with steady prices and limited demand. However, recycled polyester fibre eased down following a price cut in virgin polyester fibre. A trader from the Ludhiana market told Fibre2Fashion, "Winter demand was still weak. There was no seasonal movement. Although, limited buying by the weaving industry was intact." 

In Ludhiana, PC yarn and poly spun yarn remained stable at previous prices. The 30 count PC combed yarn (48/52) traded at ₹198-208 per kg (GST inclusive); 30 count PC carded yarn (65/35) sold at ₹187-192 per kg; 30 count poly spun was priced at ₹162-168 per kg (GST inclusive) in the north Indian market, with recycled polyester fibre (PET bottle fibre) quoted at ₹75-78 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

In Surat, polyester spun yarn trading remained stable, and the demand from the weaving industry was at a normal level. Trade sources noted that the significant production capacity cannot be absorbed with limited local demand. Export demand for man-made fibre products was very weak. The 30 count poly spun yarn was traded at ₹138-139 per kg (GST extra), and 40 count poly spun yarn at ₹152-154 per kg. 

In Surat, 30 viscose compact yarn (local) also traded steadily at ₹205-206 per kg (GST extra). Last week, it gained ₹1-2 per kg. Mumbai's market noted stable prices in viscose yarn, amid weak sentiments. Weaker sentiments were also reported in China, negatively impacting the local market. Imported viscose vertex yarn was priced at ₹187-192 per kg, and local ring spun viscose yarn was quoted at ₹202-204 per kg, as per TexPro. 

Earlier, RIL fixed prices as PTA at ₹86.70 per kg (unchanged), MEG at ₹52.20 per kg (increased ₹0.40), and MELT at ₹92.31 per kg (increased ₹0.14). Polyester raw materials pricing took effect from last Saturday, with RIL keeping PSF prices unchanged at ₹107 per kg for this fortnight. 

In North India, cotton prices dropped by ₹50 per maund of 37.2 kg because of slower demand from the textile value chain. Spinning mills were cautious for new purchases, not expecting higher demand from the weaving industry. According to trade sources, cotton prices are sensitive to local dynamics. A bearish tone in the textile value chain dampened sentiments in cotton fibre. The natural fibre was traded at ₹5,850-5,975 per maund of 37.2 kg in Punjab, ₹5,850-5,925 per maund in Haryana, and ₹6,150-6,250 per maund in upper Rajasthan. It was sold at ₹58,000-59,500 per candy of 356 kg in lower Rajasthan, and new cotton was traded at ₹6,025-6,150 per maund in the Haryana market. 

ALCHEMPro News Desk (KUL)