PC yarn gains on strong demand, mixed trends in India's MMF yarn

Demand for PC and polyester yarn rose in Ludhiana, with PC yarn prices increasing by ₹3 per kg over the past week, driven by strong demand and higher cotton costs, prompting mills to raise prices. Stockists and traders are also quoting higher PC yarn prices. However, polyester spun yarn prices stayed largely stable. A Ludhiana trader told Fibre2Fashion, “PC yarn consumption increases during the winter season, and festival buying has boosted demand for PC yarn garments. Mills have raised prices due to higher cotton costs, but weak crude oil prices have limited any upward movement for polyester yarn."

In Ludhiana, 30 count PC combed yarn (48/52) traded at ₹211-221 (approximately $2.51-2.63) per kg (GST inclusive); 30 count PC carded yarn (65/35) at ₹198-208 (approximately $2.36-2.48) per kg; 20 recycled polyester fibre yarn at ₹108-120 (approximately $1.29-1.43) per kg; 30 count polyester spun at ₹162-172 (approximately $1.93-2.05) per kg (GST inclusive); and recycled polyester fibre (PET bottle fibre) at ₹71-73 (approximately $0.85-0.87) per kg.

In Surat, the polyester yarn market faced mixed pressure from increased demand and cheaper raw materials. Falling global crude oil prices led to a drop in polyester fibre and raw material costs, with polyester staple fibre prices expected to fall further by the weekend.

In Surat market, 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 $1.91-1.93) per kg; 50/48 fully drawn yarn (FDY) ₹115-116 (approximately $1.37-1.38) per kg; 75/72 FDY ₹106-107 (approximately $1.26-1.27) per kg; 75 bright yarn ₹105-106 (approximately $1.25-1.26) per kg.

Viscose yarn prices remained steady in Surat amid moderate demand, and the Mumbai market also reported stable prices. Trade sources mentioned that the viscose textile industry is dealing with large stockpiles, making buyers cautious and selective in their purchases.

In Mumbai, imported 30 count viscose vortex yarn was priced at ₹193-199 (approximately $2.30-2.37) per kg; and local 30 count ring-spun viscose yarn at ₹198-204 (approximately $2.36-2.43) per kg in this market. In Surat, 30 viscose compact yarn (local) was sold at ₹202-204 (approximately $2.41-2.43) per kg (GST extra) and 30 viscose vortex yarn at ₹200-202 (approximately $2.38-2.41) per kg.

In north India, cotton prices eased by ₹25-30 per maund (37.2 kg) as demand for lower-quality cotton slowed. Prices had spiked in recent days following reports of crop damage, but the domestic market did not respond to price movements in ICE cotton futures. Traders noted that last year's poor-quality cotton could be blended with higher-quality fibre. The market expects improved cotton quality in the next season, with favourable weather conditions in northern states, although crop arrival may be delayed by around a month due to late sowing.

Cotton arrivals were nearly zero in Haryana, Punjab and Rajasthan. However, stocked cotton continued to be traded between buyers and sellers. In Punjab, cotton prices ranged from ₹5,860 to ₹5,875 (approximately $69.78-69.96) per maund of 37.2 kg, while in Haryana, prices were between ₹5,775 and ₹5,780 (approximately $68.77-68.83). In upper Rajasthan, cotton was priced between ₹5,570 and ₹5,875 (approximately $66.33-69.96) per maund. Bikaner line cotton was sold for ₹5,875 to ₹5,975 (approximately $69.96-71.15) per maund. In lower Rajasthan, cotton prices ranged from ₹56,000 to ₹59,000 (approximately $666.88-702.61) 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)