Due to selling pressure in the absence of buyers, recycled polyester fibre and polyester-cotton yarn production in India have seen a declining trend. However, the cost of polyspun yarn has remained constant. In the Mumbai market, viscose yarn showed a similar tendency. After the introduction of Quality Control Orders (QCOs) on polyester and viscose, concerns have been raised regarding imports. However, low demand hasn’t caused prices to increase.
Due to sluggish demand, PC yarn prices in the Ludhiana market have decreased by 2 to 5 rupees per kilogramme. “Demand from the downstream industry was very poor,” a merchant from the Ludhiana market told Fibre2Fashion. Prices for polyester-cotton yarn were falling as a result of mill and retailer selling pressure. Traders anticipate assistance from increased demanddue to the shift towards less expensive fibres like viscose and polyester. The seasonal tendency should increase demand for polyester and viscose, but these components are not yet available on the market. Demand was still weak in Surat market as well. With 30 count poly spun yarn selling for between 142 and 143 per kg (including GST) and 40 count poly spun yarn costing between 158 and 159 per kg, the pricing of poly spun yarn remained stable.
Local 30 viscose yarn cost between $193 and $200 per kg in Mumbai (without GST). The same sort of imported yarn was also sold for comparable prices. Trade insiders claim that because demand was so low, concerns about import disruption following the installation of QCOs were ineffective in boosting market mood. If imports are impactedBoth viscose and polyester yarn may benefit from quality controls.
For the current week, Reliance has maintained its pure terephthalic acid (PTA), monoethylene glycol (MEG), and MELT prices. PTA was fixed at 89.70 per kg (unchanged), MEG at 53.000 per kg (unchanged), and MELT at 95.16 per kg (unchanged). Previously, the business raised the cost of polyester staple fibre (PSF) for this fortnight by 2 to 110 per kg.
After registering a small increase in previous sessions, North Indian cotton prices today experienced a bearish trend. Demand was low and cotton arrival was lower in North India. Cotton futures were moving, according to traders, although spinner demand was sluggish. Arrivals of cotton fell further to 5,500 bales. in north India, weighing 170 kg. In Punjab, Haryana, and upper Rajasthan, it was sold for between 6,225 and 6,325 rupees per maund, 6,400 to 6,500 rupees per maund, and 60,000 to 61,800 rupees for 356 kg of sweets.