Sluggish demand has dampened market sentiment in polyester-cotton yarn and spun yarn prices. 30 count recycled poly spun yarn dropped ₹20 to ₹155-160 per kg. Poly spun yarn and 30 PC combed (48/52) yarn also witnessed downfall of ₹2-5 per kg. According to the trade sources, extremely high prices of yarn discouraged buying from the entire textile value chain.
A Ludhiana based trader told Fibre2Fashion, “Consumers in the entire textile value chain are ‘hand to mouth’ and they are buying yarn in smaller quantity only for immediate need.” Even demand has dried up for recycled spun yarn. Many varieties of yarn are being sold at lower prices. 30 count recycled poly spun yarn has seen steep fell. But high tenacity recycled fibre gained in last couple of days. Reliance Industries Limited has increased poly spun yarn by ₹2 to ₹125 per kg. Last week, upstream raw materials like PTA, MEG and MELT have seen price rise. This week, these raw materials were sold at previous prices.
In Ludhiana market, 30 count PC combed yarn (48/52) was sold at ₹305-318 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 30 count PC carded yarn (65/35) was priced at ₹280-290 per kg. 20 count PC (recycled-O/E) PSF yarn (40/60) was traded at ₹210-215 per kg. 30 count poly spun yarn was sold at ₹185-200 and recycled 30 count poly spun yarn at ₹155-160 per kg. Acrylic NM (2/48) was priced at ₹320-330 per kg, while acrylic NM (2/32) was at ₹275-285 per kg. However, high tenacity recycled fibre gained ₹3 to ₹92-94 per kg. The price of PSF increased from ₹123 to ₹125 per kg. Reliance Industries Limited (RIL) has fixed prices of raw material as: PTA ₹95.80 per kg, MEG ₹61.50 per kg and MELT at ₹103.30 per kg, as per TexPro. Indian cotton has come down from recent highs as global prices dragged down domestic price. Cotton prices are hovering at around ₹98,000-100,000 per candy of 356 kg.
