PC, polyester & viscose yarn prices rise in India; demand on the rise

The Ludhiana market noticed an increase in polyester and PC yarn by ₹2-4 per kg in the last week. Ashok Singhal, a trader from Ludhiana market, told Fibre2Fashion, “Rising container freight charges in the international market and stronger domestic cotton prices have supported the yarn price rise. Although there was no direct correlation with international freight charges, yarn prices have gained due to the general inflationary impact. Container freight charges have seen a rise of over 50 per cent in a few weeks.”

In Ludhiana, 30 count PC combed yarn (48/52) traded at ₹207-217 (approximately $2.48-2.62) per kg (GST inclusive); 30 count PC carded yarn (65/35) at ₹194-204 (approximately $2.33-2.45) per kg; 20 recycled polyester fibre yarn at ₹107-117 (approximately $1.28-1.40) per kg; 30 count polyester spun at ₹156-165 (approximately $1.87-1.98) per kg (GST inclusive); and recycled polyester fibre (PET bottle fibre) at ₹74-76 (approximately $0.89-0.91) per kg, as per trade sources.

The Surat market has noticed a rise of up to ₹4 per kg in polyester spun, FDY, and POY yarn since last week. The continued rise in polyester staple fibre has supported the increase in yarn prices. According to a trader from the Surat market, polyester fibre manufacturers are increasing prices regularly. They intend to raise fibre prices by ₹4-5 per kg by the end of this month. Spinning mills have increased yarn prices to pass on the higher production cost to the consumer industry.

According to trade sources, in Surat, 30 count polyester spun yarn was traded at ₹145-146 (approximately $1.74-1.75) per kg (GST extra); 40 count poly spun yarn at ₹165-166 (approximately $1.98-1.99) per kg; 50/48 fully drawn yarn (FDY) at ₹120-121 (approximately $1.44-1.45) per kg; 75/72 FDY at ₹110-111 (approximately $1.32-1.33) per kg; 75 bright yarn at ₹110-111 (approximately $1.32-1.33) per kg; and 30 viscose compact yarn (local) at ₹203-204 (approximately $2.44-2.45) per kg (GST extra).

Viscose yarn prices gained ₹4 per kg in the Mumbai market. The imported viscose vertex yarn and locally manufactured ring-spun yarn were traded higher. A trader mentioned that viscose yarn fibre had already increased by ₹2 per kg in the last month and could see a further rise of ₹4-5 per kg next month. Local mills are commanding prices in domestic markets after the imposition of the Quality Control Order (QCO), which restricted imports. Imported 30 count viscose vertex yarn was priced at ₹187-192 (approximately $2.24-2.30) per kg, and local 30 count ring-spun viscose yarn at ₹192-198 (approximately $2.30-2.38) per kg in this market.

North India cotton prices also improved by ₹25 per maund of 37.2 kg as ICE cotton traded higher on Tuesday. Although spinning mills are buying cotton in very limited quantities, ginners are quoting higher prices following the rise in ICE cotton. The local market is following the global market trend at least partially.

Today's arrivals decreased to 1,600 bales of 170 kg in north India. State-wise arrivals were as follows: 1,200 bales in Haryana, 200 bales in upper Rajasthan, and 200 bales in lower Rajasthan. Arrival in Punjab was not sizeable enough. Cotton prices in Punjab ranged from ₹5,800 to ₹5,825 (approximately $69.60-69.90) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,725 to ₹5,825 (approximately $68.70-69.90). In upper Rajasthan, cotton was priced between ₹5,525 and ₹5,825 (approximately $66.30-69.90) per maund. Bikaner line cotton sold for ₹5,800 to ₹5,900 (approximately $69.60-70.80) per maund. In lower Rajasthan, cotton was priced at ₹54,600 to ₹57,600 (approximately $655.23-691.23) per candy of 356 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)