Viscose yarn up, PC down in India; mixed trends as payment woes linger

In Ludhiana, the polyester-cotton yarn market saw a decline due to slow demand and payment constraints, with prices dropping by ₹2 per kg over the last week. Despite this, polyester spun and recycled polyester yarn prices remained stable. A Ludhiana market trader told Fibre2Fashion, “The Recent hike in virgin polyester fibre failed to raise market sentiments in man-made yarn trade. The market is facing slow demand and payment constraints despite the festival season. There is uncertainty regarding the demand for the upcoming wedding and winter season.”

In Ludhiana, 30 count PC combed yarn (48/52) traded at ₹209-219 (approximately $2.49-2.61) per kg (GST inclusive); 30 count PC carded yarn (65/35) at ₹196-206 (approximately $2.33-2.45) per kg; 20 recycled polyester fibre at ₹111-121 (approximately $1.32-1.44) per kg; 30 count polyester spun at ₹160-168 (approximately $1.91-2.00) per kg (GST inclusive); and recycled polyester fibre (PET bottle fibre) at ₹76-79 (approximately $0.91-0.94) per kg.

The Surat polyester yarn market also witnessed sluggish demand and slow payment flows. Specialised yarn made from virgin polyester fibre traded at the previous price levels. Market sources reported that payment constraints have reduced the purchasing capacity of the consumer industry, and no improvement in demand is expected before Diwali. Even after the festival, demand revival is uncertain and will depend on an easing of payment flows.

In Surat, 30 count polyester spun yarn was traded at ₹147-148 (approximately $1.75-1.76) 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 $1.26-1.27) per kg; and 75 bright yarn at ₹105-106 (approximately $1.25-1.26) per kg.

Viscose yarn prices showed a mixed trend in the Mumbai and Surat markets. Prices for viscose yarn increased by ₹2 per kg in Surat, driven by the anticipated higher demand during the upcoming wedding season. Trade sources indicated that the current festival season is supporting demand, and the upcoming wedding season will further boost prospects. However, in Mumbai, which is dominated by imported viscose yarn, there was no price increase.

In Mumbai, imported 30 count viscose vortex yarn was priced at ₹190-196 (approximately $2.26-2.33) per kg; and local 30 count ring-spun viscose yarn at ₹195-200 (approximately $2.32-2.38) per kg in this market. In Surat, 30 viscose compact yarn (local) was sold at ₹203-205 (approximately $2.42-2.44) per kg (GST extra) and 30 viscose vortex yarn at ₹199-202 (approximately $2.37-2.41) per kg.

In north India, new cotton prices eased due to a sluggish trend in ICE cotton futures. Prices dropped by ₹70-80 per maund (37.2 kg). Cotton arrivals increased to around 10,500 bales (170 kg each) in the region. Trade sources noted that the price decline was influenced by weakness in ICE cotton futures, with further increases in cotton arrivals expected.

Cotton prices in Punjab ranged from ₹5,740 to ₹5,750 (approximately $68.33-68.45) per maund of 37.2 kg. In Haryana, prices ranged from ₹5,720 to ₹5,730 (approximately $68.09-68.21), while in upper Rajasthan, cotton was priced between ₹5,740-5,750 (approximately $68.33-68.45) per maund. In lower Rajasthan, cotton was priced at ₹54,500 to ₹55,000 (approximately $648.75-654.71) per candy of 356 kg. Seed cotton was priced at ₹7,400-7,700 (approximately $88.09-91.66) per quintal of 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)