India's poly spun yarn prices steady; finer counts to remain in demand

Polyester yarn did not get any support from the increase in cotton yarn prices as market dynamics were different for both types of yarn, according to trade sources. However, finer counts of polyester yarn will stay in demand. Additionally, the recent rise in export orders supported market sentiments in general. “Overall sentiments were positive after recent trading activities in the entire textile value chain. Costlier cotton pushed yarn prices up. Polyester yarn will get support in the next 2-3 weeks,” Ashok Singhal, a trader from Ludhiana market, told Fibre2Fashion. 

Poly spun yarn prices remained steady, while PC yarn was sold higher by ₹2-5 per kg. Overall demand was better in the market. In Ludhiana, 30 count PC combed yarn (48/52) was sold at ₹212-220 per kg (GST inclusive), 30 count PC carded yarn (65/35) was priced at ₹185-190 per kg, 30 count poly spun yarn was sold at ₹153-160 per kg and recycled polyester fibre (PET bottle fibre) noted at ₹81-83 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

In Surat, Gujarat, poly spun yarn was stable, but demand was better from the weaving industry. A trader from Surat market said that demand for PC and polyester yarn has improved. In this market, 30 count poly spun yarn was traded at ₹137-138 per kg (GST extra) and 40 count poly spun yarn at ₹153-154 per kg. 

Reliance Industries Limited has decreased the prices of purified terephthalic acid (PTA) and MELT for the current week. But monoethylene glycol (MEG) was kept unchanged. On Friday, RIL fixed the prices as: PTA at ₹77.70 per kg (-2.00), MEG at ₹55.90 per kg and MELT at ₹85.15 per kg (-1.72). RIL had increased the prices of PSF by ₹4 to ₹103 per kg for the current fortnight. 

North Indian cotton prices witnessed a mixed trend. Prices decreased in lower Rajasthan after a decline in ICE cotton, but cotton remained rangebound in other areas of north India. According to local traders, demand from spinners was limited but regular. Prices are likely to stay in the same range. Cotton arrival was estimated at 12,000 bales of 170 kg. The natural fibre was traded at ₹6,275-6,325 per maund in Punjab, ₹6,150-6,275 per maund in Haryana and ₹6,375-6,470 per maund in upper Rajasthan, and at ₹59,500-61,500 per candy of 356 kg in lower Rajasthan. 

Fibre2Fashion News Desk (KUL)