Poly spun yarn slips in India after cut in fibre price, PC yarn steady

According to trade sources, most of the yarn mills are running at a 50-60 per cent capacity due to poor lifting from weaving industry. The drop in prices of virgin polyester stable fibre (PSF) and recycled polyester fibre also gave negative signals to the value chain. A Ludhiana-based trader told Fibre2Fashion, “Buyers were absent from the market. Cheaper polyester fibre also discouraged buyers.”

According to trade sources, prices of 30 count poly spun yarn slipped by ₹1-2 per kg. While polyester-cotton yarn remained steady in Ludhiana, Surat market also noted bearish tone. 30 count PC combed yarn (48/52) was sold at ₹210-220 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 30 count PC carded yarn (65/35) was priced at ₹180-185 per kg. 20 count PC (recycled-O/E) PSF yarn (40/60) was traded at ₹152-158 per kg. 30 count poly spun yarn was sold at ₹153-159 per kg. The price of recycled polyester fibre (PET bottle fibre) was noted at ₹80-82 per kg. The price of recycled polyester fibre fell by ₹2-4 per kg after cut in prices of virgin polyester stable fibre by Reliance Industries Limited.

In Surat market of Gujarat, 30 count poly spun yarn was traded at ₹137-138 per kg (GST extra) and 40 count poly spun yarn at ₹145-147 per kg.

Reliance Industries Limited had earlier decreased prices of purified terephthalic acid (PTA) and MELT for the current week, but it increased the price of monoethylene glycol (MEG). On last Friday, RIL fixed prices as: PTA ₹79.90 per kg (-1.80), MEG ₹53.20 per kg (+1.50) and MELT at ₹86.80 (₹-1.04) per kg. Earlier, RIL reduced prices of PSF by ₹2 to ₹103 per kg for the current fortnight.

Meanwhile, cotton prices inched up in north India after witnessing a significant fall. According to local traders, farmers reduced buying at lower prices which supported cotton prices. Overall cotton arrival reduced to 21,000 bales of 170 kg from 25,500 bales. Cotton prices have increased by ₹50-100 per maund of 37.2 kg in last few days. Earlier, the prices had witnessed decline of ₹250-300 per maund due to higher arrival. The natural fibre was traded at ₹6,600-6,700 in Punjab, ₹6,500-6,600 in Haryana and ₹6,775-6,825 per maund in upper Rajasthan. Cotton was sold at ₹64,500-66,500 per candy of 356 kg in lower Rajasthan.

ALCHEMPro News Desk (KUL)