Slow demand has had an impact on the polyester-cotton (PC) yarn market in India, causing prices to drop by 2–3 per kg in Ludhiana. In a similar vein, Ludhiana and Surat have also experienced weakness in poly spun yarn. Due to a lack of end-user demand, the domestic clothing sector could only purchase a certain amount.
Prices for polyester yarn increased by 1-2 per kilogramme in Ludhiana and also in Surat. Due to little demand, the market in Ludhiana was bearish. “Downstream industry had relatively little demand. Trader from Ludhiana market: “Poly spun and PC yarn could not maintain at the previous prices, but PC yarn did better. 30 count PC combed yarn (48/52) was offered in Ludhiana for a reduced price of $217 to $230 per kg (GST included), but Slow demand has had an impact on the polyester-cotton (PC) yarn market in India, causing prices to drop by 2–3 per kg in Ludhiana. In a similar vein, Ludhiana and Surat have also experienced weakness in poly spun yarn. Due to a lack of end-user demand, the domestic clothing sector could only purchase a certain amount. 202-212 per kilogramme for 30 count PC carded yarn (65/35) was the same as before. Recycled polyester fibre (PET bottle fibre) was noted for $74-67 per kg, and 30 count poly spun yarn relaxed by 1 to $151-158 per kg.
Slow demand was also observed in the Surat market in Gujarat, which resulted in stable pricing for 30 count poly spun yarn at 142-143 per kg (GST additional) and 40 count poly spun yarn at 157-158 per kg. For the current week, Reliance Industrial Limited (RIL) kept its pure terephthalic acid (PTA), monoethylene glycol (MEG), and MELT prices at 81.20 rupees per kg, 57.10 rupees per kg, and 89.25 rupees per kg, respectively. Also, the corporation kept the price per kg of polyester staple fibre (PSF) at 106.
Prices dropped in the North Indian cotton market. Due to higher arrival and lower demand from spinning mills, by 30 to 50 cents per maund of 37.2 kg. While operating at 80 to 100% of their capacity, spinning mills are avoiding paying higher cotton rates. While domestic demand for the clothing industry is still sluggish, exporters are demonstrating strong demand. In north India, 16,000 170 kg bales of cotton arrived. In Punjab, Haryana, and higher Rajasthan, the price of natural fibre was 6,250–6,350 rupees per maund, 6,470–6,550 rupees per maund, and 60,000–62,000 rupees every candy weighing 356 kg in lower Rajasthan.
