Mixed trend in viscose yarn; polyester & PC yarn steady in India

Indian fibre manufacturers have increased prices by ₹2-3 per kg despite slow demand in the downstream industry. This increase is considered to be a response to competition from imported supplies due to restrictions after the implementation of quality control orders (QCOs).

The Surat market noticed a steady trend in polyester yarn as it did not receive support from the downstream industry. However, viscose compact yarn came down ₹2 per kg amid slow demand. A trader from the Surat market told Fibre2Fashion, “There was no signal about the revival of yarn demand from spinning mills and the export market. The end of the wedding season also dampened market sentiments for viscose yarn. However, fibre manufacturers have increased viscose and polyester staple fibre prices by ₹2 per kg.” They were actually trying to benefit from restrictions after the implementation of QCOs.

According to trade sources, in Surat, 30 count polyester spun yarn was traded at ₹144-145 (approximately $1.72-1.74) per kg (GST extra); 40 count poly spun yarn at ₹164-165 (approximately $1.92-1.94) per kg; 50/48 fully drawn yarn (FDY) at ₹117-118 (approximately $1.40-1.42) per kg; 75/72 FDY at ₹107-108 (approximately $1.28-1.30) per kg; and 75 bright yarn at ₹107-108 (approximately $1.28-1.30) per kg. Local 30 viscose compact yarn was priced at ₹201-202 (approximately $2.41-2.42) per kg (GST extra).

But the Mumbai market noticed slight gains in imported viscose vertex yarn. Locally manufactured ring spun yarn did not follow the trend of vertex yarn. A trader explained that limited import of vertex yarn has squeezed availability of the intermediary product, but the supply of locally produced ring-spun yarn is readily available. Imported 30 count viscose vertex yarn was priced at ₹183-188 (approximately $2.19-2.25) per kg, while local 30 count ring spun viscose yarn was priced at ₹188-194 (approximately $2.25-2.32) per kg in this market.

The Ludhiana market noticed a steady trend in polyester-cotton and polyester spun yarn prices. A trade source said that demand was very slow from spinning mills, and exporters were also facing difficulties in securing new orders from foreign buyers.

In Ludhiana, 30 count PC combed yarn (48/52) traded at ₹209-219 (approximately $2.51-2.63) per kg (GST inclusive); 30 count PC carded yarn (65/35) at ₹196-206 (approximately $2.35-2.47) per kg; 20 recycled polyester fibre yarn at ₹106-114 (approximately $1.27-1.36) per kg; 30 count polyester spun at ₹157-165 (approximately $1.88-1.98) per kg (GST inclusive); and recycled polyester fibre (PET bottle fibre) at ₹74-77 (approximately $0.89-0.92) per kg,

North India cotton prices continued to see a downfall, decreasing by ₹50-60 per maund of 37.2 kg in the last three days due to the fall in ICE cotton and slow demand. Traders said that mills were least interested in buying cotton, while weaker ICE cotton dampened market sentiments. Cotton arrival further squeezed in the last days of the current season.

Today's arrivals decreased to 1,500 bales of 170 kg in north India. State-wise arrivals were as follows: 100 bales in Punjab, 700 bales in Haryana, 400 bales in upper Rajasthan, and 300 bales in lower Rajasthan. Cotton prices in Punjab ranged from ₹5,750 to ₹5,775 (approximately $68.88-69.18) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,675 to ₹5,775 (approximately $67.98-69.18). In upper Rajasthan, cotton was priced between ₹5,575 and ₹5,775 (approximately $66.78-69.18) per maund. Bikaner line cotton sold for ₹5,800 to ₹5,875 (approximately $69.47-70.49) per maund. In lower Rajasthan, cotton was priced at ₹55,200 to ₹57,700 (approximately $661.21-685.16) 

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)