PC yarn prices ease in India as new cotton arrives; polyester stable

According to trade sources, the market lacks confidence, which is why weaving industry and garment units are buying yarn in limited quantities. “Spinning mills are running at partial capacity of production so they can engage their workers. Poor demand and cheaper imports remained causes for concern for the market,” a Ludhiana based trader told Fibre2Fashion.

Polyester-cotton yarn fell by ₹5-10 per kg, as per trade sources. But poly spun and recycled yarn prices were stable in Ludhiana. 30 count PC combed yarn (48/52) was sold at ₹220-230 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 30 count PC carded yarn (65/35) was priced at ₹195-200 per kg. 20 count PC (recycled-O/E) PSF yarn (40/60) was traded at ₹160-170 per kg. 30 count poly spun yarn was sold at ₹152-162 per kg. Recycled polyester fibre (PET bottle fibre) was sold at ₹88-90 per kg. 

Reliance Industries Limited had earlier decreased prices of purified terephthalic acid (PTA), monoethylene glycol (MEG) and MELT for the current week. On Friday, RIL fixed the prices as: PTA at ₹84.10 per kg, MEG at ₹56 per kg (-0.60) and MELT at ₹91.37 (-0.20) per kg. PSF was priced at ₹107 per kg for the current fortnight as the company slashed prices by ₹3 per kg. 

North Indian states noted a slightly upward trend in cotton prices as arrival remained stable. According to traders, cotton arrival was around 15,000 bales in the north Indian region. Cotton prices increased by ₹50 per maund of 37.2 kg. Cotton was traded at ₹7,100-7,150 per maund for ready delivery in Haryana, Punjab and Rajasthan. 

Fibre2Fashion News Desk (KUL)