Viscose yarn prices up in Indian market; poly, PC yarn remain stable

PC yarn was stable in Ludhiana, but polyester spun yarn prices eased by ₹2 per kilogram in this market. Surat market noted steadiness in polyester spun yarn. Traders indicated that the new payment rule severely impacted sentiments in the yarn trade, with buyers reluctant to place new orders and cancelling previous ones due to concerns about failing to make payments within the stipulated 45-day period of the current fiscal.

A trader from the Ludhiana market informed Fibre2Fashion, "Polyester yarn prices eased due to slow demand, with buyers hesitant to place new orders because of concerns regarding the new payment rule. Recent rulings concerning payments to micro and small businesses have also dampened market sentiments. The PC yarn market also noted a bearish tone despite stability in prices."

The market is expected to remain steady as the consumer industry has already replenished its stocks for the upcoming summer season. The prospects of retail demand are also not promising. The 30 count PC combed yarn (48/52) traded at ₹208-218 per kilogram (inclusive of GST); 30 count PC carded yarn (65/35) was sold at ₹194-204 per kilogram, 30 count polyester spun yarn was priced at ₹150-158 per kilogram (inclusive of GST), while recycled polyester fibre (PET bottle fibre) was quoted at ₹73-75 per kilogram in Ludhiana, according to Fibre2Fashion’s market insight tool TexPro.

Trade sources indicated that the Surat market noted stability in polyester spun yarn, but viscose yarn gained due to limited supplies of fibre, with prices surging by ₹2-3 per kilogram. Viscose yarn was traded higher by ₹2-3 per kilogram in Surat due to limited supply before the upcoming summer season, with the price of 30 viscose compact yarn (local) at ₹197-200 per kilogram (excluding GST) in Surat. However, the 30 count polyester spun yarn traded steady at ₹137-138 per kilogram (excluding GST), and 40 counts poly spun yarn at ₹149-153 per kilogram. The market also witnessed limited trade due to concerns about the new payment rule.

In the Mumbai market too, viscose yarn prices registered gains of ₹2-3 per kilogram. A trader from Mumbai told Fibre2Fashion, "Although demand was not strong, supply concerns supported the price rise. The implementation of QCO may restrict supplies from foreign countries. The recent rise in viscose fibre prices led to a rise in yarn prices." Viscose fibre reached ₹145 per kilogram in the domestic market, gaining due to possible restrictions on imported supplies. Imported 30 count viscose vertex yarn was priced at ₹181-186 per kilogram. Local 30 count ring spun viscose yarn was quoted at ₹190-193 per kilogram, as per TexPro.

North India cotton prices remained unchanged amid sluggish demand from spinning mills. According to traders, cotton yarn demand further weakened due to the new payment rule, leading to slow buying from spinning mills. Although ICE cotton closed stronger last night, daily cotton arrival was estimated at 15,500 bales of 170 kilograms in the region. State-wise arrival was: Punjab 1,500 bales, Haryana 4,500 bales, upper Rajasthan 5,000 bales, and lower Rajasthan 4,500 bales. Cotton was priced in Punjab at ₹5,475-5,575 and in Haryana at ₹5,465-5,565, upper Rajasthan at ₹5,350-5,550 per maund of 37.2 kilograms. Bikaner line cotton was sold at ₹5,550-5,650 per maund. In lower Rajasthan, cotton was priced at ₹52,300-54,300 per candy of 356 kilograms.

ALCHEMPro News Desk (KUL)