India sees strong demand for viscose yarn, man-made yarn prices steady

In Ludhiana, demand for polyester-cotton and polyester spun yarn was weaker. Fabric manufacturers are hesitant to stock yarn due to uncertainty in demand from the garment industry. A trader from the Ludhiana market told Fibre2Fashion: "A shortage of funds is discouraging buying, as buyers are reluctant to clear outstanding payments before Diwali. Normally, payment conditions ease only after Diwali. The slow demand for garments is also a negative factor for the PC and polyester yarn markets."

In Ludhiana, 30 count PC combed yarn (48/52) traded at ₹209-219 (approximately $2.49-2.61) per kg (GST inclusive); 30 count PC carded yarn (65/35) at ₹196-206 (approximately $2.33-2.45) per kg; 20 recycled polyester fibre at ₹111-121 (approximately $1.32-1.44) per kg; 30 count polyester spun at ₹160-168 (approximately $1.91-2.00) per kg (GST inclusive); and recycled polyester fibre (PET bottle fibre) at ₹76-79 (approximately $0.91-0.94) per kg.

The Surat polyester yarn market also experienced slow demand and tight payment flow. FDY, POY, and other specialised yarns saw limited buying over the last week. According to market sources, a payment crisis remains a significant concern. Potential buyers are struggling to make deals as they are not receiving payments from their own buyers. The summer season has also discouraged the purchase of polyester garments.

In Surat, 30 count polyester spun yarn was traded at ₹147-148 (approximately $1.75-1.76) per kg (GST extra); 40 count poly spun yarn at ₹160-161 (approximately $1.91-1.92) per kg; 50/48 fully drawn yarn (FDY) ₹114-115 (approximately $1.36-1.37) per kg; 75/72 FDY ₹106-107 (approximately $1.26-1.27) per kg; and 75 bright yarn ₹105-106 (approximately $1.25-1.26) per kg.

Viscose yarn prices remained stable, but demand was strong in both Mumbai and Surat. Trade sources predict that the current festival and upcoming wedding season will boost viscose yarn demand. Reports indicate strong sales of ladies' garments during the festival season, which will deplete stocks of viscose fabric. Additionally, rising shipping freight charges are likely to support viscose yarn prices as imported supplies will become more expensive in the coming weeks.

In Mumbai, imported 30 count viscose vortex yarn was priced at ₹190-196 (approximately $2.26-2.33) per kg; and local 30 count ring-spun viscose yarn at ₹195-200 (approximately $2.32-2.38) per kg in this market. In Surat, 30 viscose compact yarn (local) was sold at ₹203-205 (approximately $2.41-2.44) per kg (GST extra) and 30 viscose vortex yarn at ₹199-202 (approximately $2.37-2.40) per kg.

In north India, cotton prices dipped due to increased arrivals and slow demand. Weaker ICE cotton prices also discouraged cotton buying in north Indian markets, with prices falling by ₹20-30 per maund of 37.2 kg. Cotton arrivals further increased to approximately 12,000 bales of 170 kg in the region. Trade sources reported that subdued activity in downstream industries has deterred spinning mills from aggressive buying.

North India's cotton arrival was recorded at 12,000 bales of 170 kg, with 1,000 bales arriving in Punjab, 5,000 bales in Haryana, 2,500 bales in upper Rajasthan, and 3,500 bales in lower Rajasthan. In Punjab, cotton prices ranged from ₹5,825 to ₹5,830 (approximately $69.28-69.34) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,800 to ₹5,810 (approximately $68.99-69.11). In upper Rajasthan, cotton was priced between ₹5,800 and ₹5,820 (approximately $68.99-69.23) per maund. In lower Rajasthan, prices ranged from ₹55,200 to ₹56,200 (approximately $656.57-668.46) per candy of 356 kg, and seed cotton was priced at ₹7,800-8,100 (approximately $92.78-96.34) 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)