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 markets of Ludhiana and Surat. In spite of sluggish demand, viscose yarn prices remained constant. The cost of virgin polyester staple fibre may be on 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 saw a decline in the Ludhiana market. PC yarn fell by 5-7 kg, while 30 count poly spun yarn fell by 1-2 kilogramme. Recycled polyester fibre prices were similarly lower, falling by about $3 per kilogramme. “Demand in the downstream industry did not increase, causing mills to cut their rates. They were having trouble finding potential customers, according to a dealer from Ludhiana.
The cost of poly spun yarn decreased by 1-2 rupees per kg in the Surat market. A yarn trading company with its headquarters in Surat, Varnita Textiles Pvt Ltd, informed that “the demand from the weaving industry was very slow, which is not enough to keep the yarn prices steady.” A kilogramme of 30 count poly spun yarn cost between 140 and 141 rupees (without GST), while a kg of 40 count poly spun yarn cost between 156 and 157 rupees.
Mumbai’s local 30 count viscose yarn price (without GST) stayed constant at $193-$200 per kg. Due to their lack of expectation of a big demand from the apparel business, buyers showed little interest.
R & D Industries PTA is now priced at 83.90 per kg (a drop of 3.30), MEG is now priced at 52.10 per kg (a decrease of 0.90), and MELT is now priced at 89.87 per kg (a decrease of 2.84). Although market sources predicted a likely decrease in PSF prices for the following fortnight, the company kept the price of polyester staple fibre (PSF) at 110 per kg for the present fortnight.
The price of cotton in North India has stabilised following a small fall on Tuesday. The decrease in ICE cotton prices was followed by a declining trend in natural fibre pricing. Due to the lacklustre demand, cotton yarn prices were range-bound. As the current season is drawing to a close, cotton arrivals were somewhat constrained. In north India, 5,000 bales of rice were delivered. 170 kg. 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 every candy weighing 356 kg.
