Trade slows in Indian man-made yarn market ahead of Holi, PC down

PC yarn prices dropped by ₹2-3 per kg over the past week in Ludhiana, along with a decline in polyester spun yarn prices. Buying interest diminished further ahead of Holi. A trader from the Ludhiana market told Fibre2Fashion, “Buyers were absent as people were in a festive mood ahead of Holi. Workers also left for their hometowns for the festival, which contributed to lower demand. Demand is unlikely to improve until the end of the month.”

In Ludhiana, 30 count PC combed yarn (48/52) traded at ₹208-215 (~$2.39-2.47) per kg (GST inclusive); 30 count PC carded yarn (65/35) at ₹192-202 (~$2.20-2.32) per kg; 20 count recycled polyester at ₹112-118 (~$1.28-1.35) per kg; 30 count polyester spun at ₹155-163 (~$1.78-1.87) per kg (GST inclusive); recycled polyester fibre (PET bottle fibre) at ₹79-82 (~$0.91-0.94) per kg, and virgin polyester fibre at ₹103 (~$1.18) per kg.

The Surat polyester yarn market also experienced weak demand due to the festive mood surrounding Holi. However, polyester yarn prices remained largely stable. According to market sources, sentiment in Surat weakened further as negative factors persisted. Demand for polyester yarn is expected to improve only next month.

In Surat, 30 count polyester spun yarn was traded at ₹144-145 (~$1.65-1.66) per kg (GST extra); 40 count poly spun yarn at ₹157-158 (~$1.80-1.81) per kg; 50/48 fully drawn yarn (FDY) at ₹113-114 (~$1.30-1.31) per kg; 75/72 FDY at ₹104-105 (~$1.19-1.20) per kg; and 75 bright yarn at ₹106 (~$1.22) per kg.

Viscose yarn prices also remained stable in Surat and Mumbai. Traders reported that demand for viscose yarn declined following a sharp price increase in recent weeks. Although viscose yarn prices did not change, they may ease in the coming weeks. Trade sources noted that seasonal demand is tapering off, and the current high prices are discouraging buyers.

In Mumbai, imported 30 count viscose vortex yarn was priced at ₹203-207 (~$2.33-2.37) per kg; and local 30 count ring-spun viscose yarn at ₹204-209 (~$2.34-2.40) per kg in this market. In Surat, 30 viscose compact yarn (local) was sold at ₹225-228 (~$2.58-2.61) per kg (GST extra) and 30 viscose vortex yarn at ₹204-205 (~$2.34-2.35) per kg.

In north India, cotton prices continued to rise due to sustained procurement by the Cotton Corporation of India (CCI). The upward trend in ICE cotton also supported domestic spot cotton prices. Cotton yarn prices increased by ₹10-20 per maund (37.2 kg) over the past two days. Traders stated that CCI is still purchasing seed cotton from farmers, while only a negligible amount of the crop remains in farmers' hands this season. Ginning mills are stockpiling cotton in preparation for the off-peak season. CCI will continue to procure seed cotton at the minimum support price (MSP) in India’s central states.

Cotton arrivals in north India stood at 7,300 bales (170 kg each), comprising 300 bales in Punjab, 2,500 bales in Haryana, 3,000 bales in upper Rajasthan, and 1,500 bales in lower Rajasthan. Cotton prices in Punjab ranged from ₹5,540 to ₹5,550 (~$63.23-63.34) per maund (37.2 kg), while in Haryana, prices ranged from ₹5,520 to ₹5,540 (~$63.54-63.65). In upper Rajasthan, cotton was priced between ₹5,540 and ₹5,560 (~$63.54-63.77) per maund. In lower Rajasthan, it was priced at ₹52,800 to ₹53,900 (~$605.54-618.16) per candy (356 kg). Seed cotton was priced at ₹7,100-7,300 (~$81.43-83.72) per quintal (100 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)