India's PC yarn further down, but tight supply drives viscose yarn up

Ludhiana's market witnessed a downward trend in PC yarn. Poly spun yarn prices remained steady amid slow demand. PC yarn decreased by ₹3-5 per kg because of lower demand. A trader from Ludhiana's market told Fibre2Fashion, "Festival demand is still absent. Limited buying could not support the market, as huge stocks were lying at every stage of the value chain." The market was eager to see an improvement in sentiments. 

PC yarn eased ₹3-5 per kg because of weaker demand from the downstream industry. Poly spun yarn remained steady at previous prices. The 30 count PC combed yarn (48/52) traded at ₹198-208 per kg (GST inclusive) in Ludhiana, 30 count PC carded yarn (65/35) was sold at ₹187-192 per kg, and 30 count poly spun was priced at ₹162-168 per kg (GST inclusive) in the north Indian market, according to Fibre2Fashion's market insight tool TexPro.

However, there was no ease in fibre prices. Recycled polyester fibre (PET bottle fibre) was quoted at ₹76-79 per kg, gaining ₹2 per kg since last week, supported by an increase in virgin polyester fibre and its raw material by India's leading manufacturer Reliance Industry Limited. 

The Surat market noted a steady trend in poly spun yarn, but demand remained weak. The 30 count poly spun yarn was traded at ₹138-139 per kg (GST extra), and 40 count poly spun yarn was ₹152-154 per kg; 30 viscose compact yarn (local) remained steady at ₹204-205 per kg (GST extra) in Surat. The Mumbai market noted improvement in viscose yarn. Imported viscose vertex yarn gained ₹2-3 per kg, priced at ₹185-190 per kg. Local ring spun viscose yarn was quoted higher at ₹200-202 per kg, as per TexPro.

Earlier, RIL fixed prices as PTA at ₹88.00 per kg (increase ₹1.40), MEG at ₹50.10 per kg (unchanged), and MELT at ₹93.29 per kg (increase ₹0.95). The pricing of polyester raw materials came into effect from last Saturday. The company increased prices of polyester staple fibre (PSF) by ₹3 to ₹107 per kg in two steps, raising prices by ₹2 per kg on the last day of the previous month, and then further by ₹1 per kg on Tuesday. Traders stated that the company was aggressively increasing prices of PSF and its raw material, as imported supply was nearly absent due to the implementation of the quality control order (QCO). Foreign suppliers could not obtain a licence for shipment of PSF and raw material. 

North Indian cotton prices further rose owing to lower supply in the ending season. Spinning mills were buying cotton in limited quantities, lacking enough stock for the rest period of the current season, which will end in September. Cotton prices increased by ₹30-50 per maund of 37.2 kg, with natural fibre being traded at ₹6,025-6,125 per maund of 37.2 kg in Punjab, ₹5,875-5,975 per maund in Haryana, and ₹6,200-6,300 per maund in upper Rajasthan. The natural fibre sold for ₹58,000-59,500 per candy of 356 kg in lower Rajasthan. 

ALCHEMPro News Desk (KUL)