Poly spun yarn prices rise in Surat; viscose & blended yarn stable

In Ludhiana, polyester-cotton and poly spun yarn prices remained stable, despite last week's gains attributed to rising raw material costs. Demand from the downstream industry continues to be weak. "The market is not showing supportive demand. Even winter demand is missing, possibly due to huge stocks discouraging buyers," a trader from Ludhiana told Fibre2Fashion. 

PC yarn and Poly spun yarn was sold steady in Ludhiana market. The 30 count PC combed yarn (48/52) traded at ₹198-208 per kg (GST inclusive), 30 count PC carded yarn (65/35) was sold at ₹185-195 per kg, and 30 count poly spun was priced at ₹158-168 per kg (GST inclusive) in Ludhiana. Recycled polyester fibre (PET bottle fibre) was quoted at ₹74-76 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

In Surat, despite an upward trend in polyester spun yarn prices, viscose yarn traded steadily amid poor demand. Polyester spun yarn gained ₹1-2 per kg while viscose yarn was traded at previous levels. The 30 count poly spun yarn was traded at ₹141-142 per kg (GST extra), 40 count poly spun yarn at ₹156-157 per kg, and 30 viscose compact yarn (local) was traded at ₹206-207 per kg (GST extra) in this market.

The Mumbai market observed steadiness in viscose yarn prices due to lacklustre demand. Trade sources indicated that buyers did not support the prices of viscose yarn. However, specialty yarn prices increased due to heightened demand, especially during the festival season. A trader explained that specialty yarn, produced using new technology, is utilised in the manufacturing of high-end garments. As a result, traders can expect higher margins, although additional efforts are needed to identify potential buyers. Imported viscose vertex yarn was priced between ₹187-192 per kg, while local ring-spun viscose yarn was quoted at ₹202-204 per kg, according to TexPro. 

Earlier, RIL fixed prices as PTA ₹90.20 per kg (unchanged), MEG at ₹54.40 per kg (unchanged) and MELT ₹96.07 per kg (unchanged). The pricing of polyester raw materials came into effect from last Saturday. In the beginning of this fortnight, RIL had increased PSF prices from ₹108 to ₹111 per kg.

In North India, cotton prices have exhibited a bearish trend despite a rise in ICE cotton and domestic cotton futures. Traders attribute this decline to lower quality, which has reduced the prices of the natural fibre by ₹40-50 per maund (37.2 kg). Quality issues were also indicated by price variations. Last year, cotton traded at higher prices in Rajasthan due to poor crop yields in Punjab and Haryana. However, this year's crop in Rajasthan suffered damage from the pink bollworm, leading to a ₹60-80 price drop per maund. A trader reported that the RD value in Rajasthan had fallen to 68-70, below the benchmark of 72 RD. Cotton arrivals in the region were estimated at 11,500 bales, each weighing 170 kg. In Punjab, prices ranged from ₹6,250-6,260 per maund, in Haryana ₹6,240-6,250 per maund, and in upper Rajasthan ₹6,170-6,250 per maund. In lower Rajasthan, prices were noted at ₹60,000-60,500 per candy (356 kg). 

ALCHEMPro News Desk (KUL)