Synthetic yarn sees mixed trend in India; poly spun up, viscose down

Polyester spun yarn and viscose yarn were sold steadily in Surat. Viscose ring-spun yarn was traded lower in the Mumbai market due to poor demand. Traders said that the demand was very slow due to concerns regarding the payment rule. With buyers cancelling their previous orders, one cannot expect good demand in this month.

The Ludhiana market witnessed an increase of ₹1-2 per kg in polyester spun yarn, while PC yarn was traded steadily. A trader from the Ludhiana market told Fibre2Fashion, "MIP on synthetic knitted yarn will boost the demand for polyester yarn. Initially, its prices increased by ₹1-2 per kg. The demand for polyester yarn will pick up in the coming months when the payment rule will not trouble the consumer industry."

In Ludhiana, 30 count PC combed yarn (48/52) traded at ₹218-228 (approximately $2.62-2.74) per kg (GST inclusive); 30 count PC carded yarn (65/35) at ₹204-214 (approximately $2.45-2.57) per kg; 20 PC (100 per cent recycled PSF) at ₹103-108 (approximately $1.24-1.30) per kg; 30 count polyester spun at ₹151-158 (approximately $1.82-1.90) per kg (GST inclusive); and recycled polyester fibre (PET bottle fibre) at ₹70-72 (approximately $0.84-0.87) per kg, according to Fibre2Fashion's market insight tool TexPro.

The Surat market noted stability in polyester spun yarn and viscose yarn prices. A trader from the Surat market told F2F, "When buyers are cancelling orders for garment and fabric purchases, the upstream industry cannot expect better buying. We have to wait until the beginning of the new fiscal year 2024-25 for any action in the market."

In Surat, 30 count polyester spun yarn was traded at ₹137-138 (approximately $1.65-1.66) per kg (GST extra); 40 count poly spun yarn at ₹149-150 (approximately $1.79-1.80) per kg; and 30 viscose compact yarn (local) at ₹196-200 (approximately $2.36-2.40) per kg (GST extra).

In the Mumbai market, viscose ring-spun yarn prices were lowered by ₹1-2 per kg, but 30 viscose vertex yarn remained stable. According to trade sources, buyers preferred to hold off on their buying in this fiscal. They are waiting to place orders in the next month. Currently, only urgent purchases are being made. Imported 30 count viscose vertex yarn was priced at ₹180-185 (approximately $2.16-2.22) per kg; and local 30 count ring-spun viscose yarn at ₹186-190 (approximately $2.24-2.28) per kg in this market, as per TexPro.

North India cotton prices decreased by ₹25-50 per maund of 37.2 kg due to a downward trend in ICE cotton. Mills were also slow in buying as they preferred to focus on their accounting in the remaining days of the current fiscal. Traders said that the domestic market is taking cues from ICE cotton. Spinning mills were also silent on new purchases.

Today's arrivals were noted at 8,800 bales of 170 kg. State-wise arrivals were as follows: 800 bales in Punjab, 3,500 bales in Haryana, 2,500 bales in upper Rajasthan, and 2,000 bales in lower Rajasthan. Cotton prices in Punjab ranged from ₹6,050 to ₹6,100 (approximately $72.74-73.34) per maund of 37.2 kg, while in Haryana, prices ranged from ₹6,000 to ₹6,100 (approximately $72.14-73.34). In upper Rajasthan, cotton was priced between ₹5,900 and ₹6,100 (approximately $70.93-73.34) per maund. Bikaner line cotton was sold for ₹6,100 to ₹6,200 (approximately $73.34-74.54) per maund. In lower Rajasthan, cotton was priced at ₹58,200 to ₹60,200 (approximately $699.73-723.77) per candy of 356 kg.

ALCHEMPro News Desk (KUL)