The market in India has seen varied trends for polyester, viscose, and cotton yarn, with polyester-cotton (PC) yarn exhibiting a downward trend. While trading rates for polyester spun yarn have increased, the cost of polyester-cotton yarn has reduced in Ludhiana. While viscose yarn prices have stayed steady, polyester spun yarn prices have demonstrated a consistent tendency in the Surat market.
The majority of the market may be seeing lower demand than usual, but traders are hoping that the recent drop in yarn prices will attract more customers. Due to the unpredictability of the market, buyers are still wary. Given that the demand for retail clothing is unlikely to improve this year, industry experts anticipate a protracted downturn in the textile value chain.
Ludhiana offers PC yarnPrices decreased as a result of weak demand, but polyester spun yarn saw an increase in trade. Some mills increased their pricing while their sales were at their lowest point to help the polyester spun yarn market. The cost of spun polyester yarn increased by $2 per kg. “Market conditions have remained stable, with subdued sentiment continuing to influence trading,” a dealer from the Ludhiana market told . PC yarn was consequently traded at a loss. However, because more buying is predicted next week, the prices could find support. Affordable yarn costs might entice purchasers to take advantage of the scenario.
Poly spun yarn was steady in Surat. While mill owners tried to keep prices where they were and refused to lower them, buyers remained steadfastly loyal. Be wary of new contracts. Here, 40-count poly spun yarn traded for 151-152 per kilogramme and 30-count poly spun yarn for 135-136 per kg (including GST).
Mumbai’s 30-count viscose yarn (local) price remained stable at between 185 and 195 rupees per kilogramme (plus GST). Given customers’ cautious approach to purchasing new clothing during this time, demand for viscose yarn was down, and it was anticipated that the rainy season would further subdue market sentiment.
Prices for PTA were established by Reliance Industries Limited (RIL) at 82.00 rupees per kilogramme (up 0.70 rupees), MEG at 52.00 rupees per kilogramme (unchanged), and MELT at 88.20 rupees per kilogramme (up 0.60 rupees). The company lowered the cost of polyester staple fibre (PSF) earlier this fortnight by 6 to 104 per kg.
After a brief decline, North Indian cotton prices remained stable. rise. Despite some initial support at the beginning of the week, cotton prices flattened out today. Trade remained thin due to slow demand and poor arrival attributed to rainy and cloudy weather conditions. Cotton arrival dropped from 5,000 bales of 170 kg to 2,000 bales in north India last week. Cotton was traded at Rs.5,825-5,925 per maund in Punjab, Rs.5,725-5,825 per maund in Haryana, and Rs.6,050-6,175 per maund in upper Rajasthan; and at Rs.55,200-57,000 per candy of 356 kg in lower Rajasthan.