Ludhiana market saw stability in polyester-cotton and polyester yarn prices. Most of varieties and counts of PC and polyester yarn were traded at the previous levels. The market noticed slow trading activities. A trader from Ludhiana market told Fibre2Fashion, “Summer demand is still weak. It is likely to pick up next month. PC yarn demand picks up in summer season. Presently, traders are more focused on quarterly closing and year-end celebrations.”
In Ludhiana, 30 count PC combed yarn (48/52) was traded at ₹209-219 (approximately $2.46-2.58) per kg (GST inclusive); 30 count PC carded yarn (65/35) at ₹196-206 (approximately $2.31-2.43) per kg; 20 recycled polyester at ₹114-123 (approximately $1.34-1.45) per kg; 30 count polyester spun at ₹158-165 (approximately $1.86-1.94) per kg (GST inclusive); and recycled polyester fibre (PET bottle fibre) at ₹78-81 (approximately $0.92-0.95) per kg, and virgin polyester fibre ₹100.50 (approximately $1.18) per kg.
Surat’s polyester yarn market also noticed downtrend in prices. Different varieties of polyester yarn were priced lower by ₹1 per kg due to slow demand. Recently, major producers of polyester fibre and yarn have increased prices, but domestic market failed to pass on the price hike. According to market sources, the market is facing slow demand and payment issues. The political turmoil in Bangladesh still continues to be a negative factor for the Indian yarn market.
In Surat market, 30 count polyester spun yarn was traded at ₹146-147 (approximately $1.72-1.73) per kg (GST extra); 40 count poly spun yarn at ₹159-160 (approximately $1.87-1.88) per kg; 50/48 fully drawn yarn (FDY) ₹114-115 (approximately $1.34-1.35) per kg; 75/72 FDY ₹104-105 (approximately $1.22-1.24) per kg; 75 bright yarn ₹104-105 (approximately $1.22-1.24) per kg.
Viscose yarn prices showed mixed trend in Mumbai and Surat markets due to different dynamics. Vortex yarn was traded lower by ₹2-3 per kg in Surat but was priced higher by ₹2 per kg in Mumbai. Trade sources from Surat attributed the price fall to slow demand, but Mumbai market sources said that weaker dollar increased import cost of the product. It is to be noted that viscose vortex yarn is mainly imported from other countries, especially from China. The price of ring spun viscose yarn increased by ₹1 per kg in Mumbai, but viscose compact yarn was traded lower in Surat.
In Mumbai, imported 30 count viscose vortex yarn was priced at ₹195-201 (approximately $2.30-2.37) per kg; and local 30 count ring-spun viscose yarn at ₹199-204 (approximately $2.34-2.40) per kg. In Surat, 30 viscose compact yarn (local) was sold at ₹209-211 (approximately $2.46-2.48) per kg (GST extra), and 30 viscose vortex yarn at ₹197-198 (approximately $2.32-2.33) per kg.
In North India, cotton prices were stable after weak signal from ICE cotton and slow demand. The price decline trend in ICE cotton has not only discouraged buying in the domestic market but also motivated the consumer industry to import cheaper natural fibre. Traders said that spinning mills are very cautious about new buying. They are least interested to buy cotton for stocking as they expect smooth supply around the year.
North India’s cotton arrival increased to 22,500 bales of 170 kg, comprising 1,500 bales in Punjab, 6,000 bales in Haryana, 8,000 bales in upper Rajasthan and 7,000 bales in lower Rajasthan. Cotton prices in Punjab ranged from ₹5,550 to ₹5,560 (approximately $65.36-66.21) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,550 to ₹5,560 (approximately $65.36-65.47). In upper Rajasthan, cotton was priced between ₹5,550- ₹5,570 (approximately $65.36-65.59) per maund. In lower Rajasthan, it was priced at ₹52,800 to ₹53,800 (approximately $621.77-633.54) per candy of 356 kg. While seed cotton was priced as ₹7,000-7,300 (approximately $82.43-85.96) per quintal of 100 kg.
ALCHEMPro News Desk (KUL)
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