Poly & viscose yarn prices steady in India even as fibre costs rise

In Ludhiana, polyester and polyester-cotton yarn prices remained steady amid weak demand. A trader from the Ludhiana market told Fibre2Fashion, “Spinning mills and stockists are experiencing slow demand from the consumer industry. Although costlier polyester staple fibre has increased their production costs, mills are seeing slightly higher demand from export markets.”

In Ludhiana, 30 count PC combed yarn (48/52) traded at ₹212-222 (approximately $2.54-2.66) per kg (GST inclusive); 30 count PC carded yarn (65/35) at ₹199-209 (approximately $2.38-2.50) per kg; 20 count recycled polyester fibre yarn at ₹110-120 (approximately $1.32-1.44) per kg; 30 count polyester spun at ₹161-170 (approximately $1.93-2.04) per kg (GST inclusive); and recycled polyester fibre (PET bottle fibre) at ₹76-79 (approximately $0.91-0.95) per kg.

The Surat market also witnessed stability in polyester and viscose yarn prices. According to market sources, power looms are still running merely to keep their workers employed. Spinning mills are accumulating stock due to slow demand and are struggling to maintain yarn prices at current levels.

In the Surat market, 30 count polyester spun yarn was traded at ₹147-148 (approximately $1.76-1.77) per kg (GST extra); 40 count poly spun yarn at ₹167-168 (approximately $2.00-2.01) per kg; 50/48 fully drawn yarn (FDY) at ₹122-123 (approximately $1.46-1.47) per kg; 75/72 FDY at ₹112-113 (approximately $1.34-1.35) per kg; 75 bright yarn at ₹112-113 (approximately $1.34-1.35) per kg; and 30 count viscose compact yarn (local) at ₹205-206 (approximately $2.46-2.47) per kg (GST extra), as per trade sources.

Mumbai also saw steady viscose yarn prices amid weak demand. Traders reported that the supply of imported viscose fibre has dwindled further due to a steep rise in vessel freight charges, making foreign-manufactured viscose fibre more expensive. This increase in viscose fibre costs has made the domestic industry less competitive in both domestic and export markets. Imported 30 count viscose vortex yarn was priced at ₹189-194 (approximately $2.26-2.32) per kg, while local 30 count ring-spun viscose yarn was priced at ₹194-200 (approximately $2.32-2.40) per kg in this market.

North India's cotton prices were slightly higher following a recovery in ICE cotton. Prices were quoted ₹20 per maund of 37.2 kg higher today. The market is taking cues from global cotton trade. Traders indicated that spinning mills are buying cotton cautiously due to uncertainty regarding demand from the downstream industry.

Today's arrivals were 600 bales of 170 kg in north India. State-wise arrivals were as follows: 500 bales in Haryana, 50 bales in upper Rajasthan, and 50 bales in lower Rajasthan. There were no significant arrivals in Punjab’s mandis. Cotton prices in Punjab ranged from ₹5,680 to ₹5,700 (approximately $68.06-68.30) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,600 to ₹5,700 (approximately $67.10-68.30). In upper Rajasthan, cotton was priced between ₹5,400-₹5,700 (approximately $64.71-68.30) per maund. Bikaner line cotton sold for ₹5,700 to ₹5,800 (approximately $68.30-69.50) per maund. In lower Rajasthan, cotton was priced at ₹53,300 to ₹56,300 (approximately $638.66-674.61) 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)