INSIGHTS
- Due to weak demand, the prices of polyester spun, polyester-cotton, and viscose yarn decreased in India.
- Prices of PC and polyester spun yarn decreased by 2-4 per kilogram in the markets of Ludhiana and Surat.
- The cost of viscose yarn was constant. The cost of recycled polyester staples decreased.
- With few arrivals, cotton prices in North India steadied.
Due to weak demand, the prices of polyester spun, polyester-cotton (PC), and viscose yarns were under pressure to decline. Prices of PC and polyester spun yarn dropped by 2-4 rupees per kg in the marketplaces of Ludhiana and Surat. In spite of sluggish demand, viscose yarn prices remained constant. The cost of virgin polyester staple fiber may be in the fall, along with the cost of recycled polyester staple. Leading local maker Reliance Industries Limited may lower prices during the next two weeks.
PC and polyester spun yarns had a decline in the Ludhiana market. PC yarn fell by 5-7 kg, while 30 count poly spun yarn fell by 1-2 kilograms. Recycled polyester fiber prices were similarly lower, falling by around $3 per kilogram. “Demand in the downstream business did not increase, forcing mills to decrease their prices. A vendor from Ludhiana informed Fibre2Fashion that they were having trouble finding new customers.
According to TexPro, a market research tool from Fibre2Fashion, 30 count PC combed yarn (48/52) fell to 210-225 per kg (including of GST) in the Ludhiana market from 152-160 per kg (included of GST) for 30 count poly spun yarn. The price of 30 count PC carded yarn (65/35) was steady at between 200 and 210 per kilogram. The price of recycled polyester fiber (PET bottle fiber) decreased to $73–$75 per kilogram.
The cost of poly spun yarn decreased by 1-2 rupees per kilogram in the Surat market. A yarn selling business with its headquarters in Surat, Varnita Textiles Pvt Ltd, informed F2F that “the demand from the weaving industry was very slow, which is not enough to keep the yarn prices steady.” A kilogram of 30 count poly spun yarn costs between 140 and 141 rupees (without GST), whereas a kg of 40 count poly spun yarn costs between 156 and 157 rupees.
Mumbai’s local 30 count viscose yarn price (without GST) was constant at $193-$200 per kilogram. Due to their lack of expectation of a big demand from the apparel business, buyers showed little interest.
PTA is now available for 83.90 rupees per kilogram (a drop of 3.30 rupees), MEG is now 52.10 rupees per kilogram (a decrease of 0.90 rupees), and MELT is now 89.87 rupees per kilogram (a decrease of 2.84 rupees). Although market sources predicted a likely decrease in PSF pricing for the following fortnight, the business kept the price of polyester staple fiber (PSF) at 110 per kg for the present fortnight. The price of cotton in North India has steadied following a little fall on Tuesday. The decrease in ICE cotton prices was followed by a declining trend in natural fiber pricing. Due to the lackluster demand, cotton yarn prices were range-bound. As the current season is drawing to a close, cotton arrivals were somewhat constrained. In north India, there were 5,000 170 kilogram bales delivered. Punjab, Haryana, and upper Rajasthan all traded cotton for between 6,100 and 6,200 rupees per maund, 6,276 to 6,375 rupees per maund, and 59,400 to 61,400 rupees for every every candy weighing 356 kg.
By- Mansi Suryawanshi
