Viscose prices rise as polyester yarn faces decline in Indian markets

Recycled polyester fibre showed an upward trend as manufacturers faced a short supply of PET bottles, leading to an increase of ₹2 per kg in domestic markets. According to market sources, the current festival season has not provided sustainable support, but viscose yarn did see slightly higher demand. The polyester value chain is under double pressure from slow demand and large stockpiles. Conversely, domestic recycled polyester fibre is moving in the opposite direction due to local supply shortages of raw materials.

The Ludhiana market saw contradictory trends in polyester yarn and fibre. Polyester spun yarn decreased by ₹2 per kg due to slow demand, but recycled polyester fibre gained ₹2 per kg due to a shortage of PET bottles. Polyester-cotton yarn traded steadily in the market. A trader from the Ludhiana market told Fibre2Fashion, "PC yarn remained steady as higher cotton prices offset the pressure from slow demand, while recycled polyester fibre has taken a different path from virgin polyester fibre. Recycled polyester fibre manufacturers are securing PET bottles at higher prices due to the supply shortage."

In Ludhiana, 30 count PC combed yarn (48/52) traded at ₹211-221 (approximately $2.51-2.64) per kg (GST inclusive); 30 count PC carded yarn (65/35) at ₹198-208 (approximately $2.37-2.48) per kg; 20 recycled polyester fibre yarn at ₹108-120 (approximately $1.29-1.43) per kg; 30 count polyester spun at ₹162-170 (approximately $1.94-2.03) per kg (GST inclusive); and recycled polyester fibre (PET bottle fibre) at ₹73-75 (approximately $0.87-0.90) per kg.

In Surat’s polyester yarn market, demand from the consumer industry was sluggish. The 50/48 fully drawn yarn decreased by ₹1 per kg, but other varieties of polyester yarn traded steadily. The decline in global crude oil prices added to the bearish market sentiment after slow demand from the downstream industry, though crude oil has seen some recovery in recent days. According to market sources, the festival season did not provide sustainable support. The textile value chain is facing slow demand and large stockpiles at every level. Buyers are cautious about fresh purchases, being uncertain about the demand for finished products like fabric.

In 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 ₹160-161 (approximately $1.91-1.92) per kg; 50/48 fully drawn yarn (FDY) at ₹114-115 (approximately $1.36-1.37) per kg; 75/72 FDY at ₹106-107 (approximately $1.27-1.28) per kg; and 75 bright yarn at ₹105-106 (approximately $1.25-1.27) per kg.

Viscose yarn prices were slightly higher in the Surat market due to better demand during the festival season. However, the Mumbai market noted stable viscose yarn prices. Trade sources from Surat market reported that with the monsoon season over, production activities are increasing in preparation for the upcoming festival season, boosting market sentiment.

In Mumbai, imported 30 count viscose vortex yarn was priced at ₹193-199 (approximately $2.31-2.38) per kg; and local 30 count ring-spun viscose yarn at ₹198-204 (approximately $2.37-2.44) per kg in this market. In Surat, 30 viscose compact yarn (local) was sold at ₹204-206 (approximately $2.44-2.46) per kg (GST extra) and 30 viscose vortex yarn at ₹202-204 (approximately $2.41-2.44) per kg.

In north India, cotton prices increased slightly by ₹20-25 per maund of 37.2 kg as stronger ICE cotton boosted market sentiment. However, prices eased on Tuesday after a steep rise on Monday. Traders mentioned that cotton prices improved in line with the global market, but spinning mills’ buying was not very encouraging. Today, Haryana received around 125-150 bales of new cotton, while Rajasthan and Punjab are expected to see new arrivals in the first week of October.

Cotton prices in Punjab ranged from ₹5,920 to ₹5,925 (approximately $70.71-70.77) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,820 to ₹5,825 (approximately $69.52-69.58). In upper Rajasthan, cotton was priced between ₹5,575 and ₹5,925 (approximately $66.59-70.77) per maund. Bikaner line cotton sold for ₹5,925 to ₹6,025 (approximately $70.77-71.97) per maund. In lower Rajasthan, cotton was priced at ₹56,200 to ₹59,200 (approximately $671.30-707.14) 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)