Rising raw material costs boost PC & poly spun yarn prices in Ludhiana

Traders in Ludhiana have observed an upward trend in PC and poly spun yarn prices. A trader from Ludhiana market told Fibre2Fashion, “Cotton prices were increasing day by day which has supported the steep rise in yarn prices. Recent rise in polyester fibre and its raw materials also supported market sentiments. Overall demand of yarn was also supportive.” However, some traders felt that the current gains were not bolstered by increased demand from downstream industries such as fabric and garment manufacturing. 

Following a significant rise in cotton prices and stronger polyester, PC yarn has gained ₹10 per kg. Poly spun yarn has also seen higher sales, with a rise of ₹6-7 per kg. In the northern Indian market, the prices (inclusive of GST) for various yarns and fibres are as follows: 30 count PC combed yarn (48/52) traded at ₹204-214 per kg, 30 count PC carded yarn (65/35) was sold at ₹195-200 per kg, and 30 count poly spun yarn was priced at ₹162-173 per kg. Meanwhile, recycled polyester fibre (PET bottle fibre) was steady at ₹72-75 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

In the Surat market, poly spun yarn prices have remained stable due to slower demand from the consumer industry. Prices in this market (exclusive of GST) are: 30 count poly spun yarn at ₹138-139 per kg, 40 count poly spun yarn at ₹152-154 per kg, and 30 viscose compact yarn (local) at ₹204-205 per kg. Mumbai's market has seen an increase of ₹2 per kg in the price of imported viscose vertex yarn, sold at ₹182-187 per kg, while local ring-spun yarn remains steady at ₹197-198 per kg. 

Earlier, Reliance Industries Limited (RIL) set their prices for raw materials: PTA at ₹85.50 per kg (a decrease of ₹0.50), MEG at ₹50.10 per kg (unchanged), and MELT at ₹90.56 per kg (a decrease of ₹0.44). These new prices came into effect last Saturday. For the current fortnight, the company has increased the prices of polyester staple fibre (PSF) by ₹2 to ₹104 per kg. 

North Indian cotton prices have further increased due to higher purchases from spinning mills and gains in ICE cotton. Prices have risen by ₹25-50 per maund (37.2 kg). Trade sources suggest that spinning mills have been actively buying cotton due to increased demand from the weaving industry. In Punjab, Haryana, and upper Rajasthan, the natural fibre traded at ₹5,975-6,075, ₹5,825-5,925, and ₹6,100-6,200 per maund (37.2 kg), respectively. In lower Rajasthan, it was sold at ₹56,000-57,500 per candy (356 kg). 

ALCHEMPro News Desk (KUL)