India polyester, viscose yarn notice mixed trend, PC remains down

Despite the majority of the market experiencing a usual low demand, there's an expectation among traders that the recent drop in yarn prices might draw in buyers. Buyers remain cautious due to uncertain market conditions. Industry experts predict a prolonged slowdown in the textile value chain, given that retail garment demand is unlikely to see an increase this year. 

In Ludhiana, PC yarn prices fell due to lacklustre demand, whereas polyester spun yarn was traded higher. Some mills have raised prices as they were selling at the lowest level, supporting the market for polyester spun yarn. The prices of polyester spun yarn rose by ₹2 per kg. A trader from Ludhiana market told Fibre2Fashion, “Market conditions have remained stable, with subdued sentiment continuing to influence trading. As a result, PC yarn was traded at a loss. However, the prices might find support in the upcoming week due to anticipated increased buying. Attractive yarn prices could potentially attract buyers to take advantage of the situation.” 

In Ludhiana, the 30-count PC yarn price dropped by ₹5 per kg, while 30-count poly spun saw an increase, trading between ₹149-158 per kg (GST inclusive). The price of 30-count PC combed yarn (48/52) decreased to ₹200-210 per kg (GST inclusive). The 30-count PC carded yarn (65/35) remained stable at ₹190-200 per kg, and 30 PC (recycled fibre) yarn traded at ₹107-110 per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹68-70 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

In Surat, poly spun yarn held steady. Mill owners were attempting to maintain current price levels, unwilling to decrease prices, but buyers remained highly cautious about new deals. Here, 30-count poly spun yarn traded at ₹135-136 per kg (GST extra), and 40-count poly spun yarn at ₹151-152 per kg. 

In Mumbai, 30-count viscose yarn (local) also held steady at ₹185-195 per kg (GST extra). Demand for viscose yarn was sluggish, with the rainy season expected to dampen market sentiments, given consumers' muted approach to new garment purchases during this period. 

Reliance Industries Limited (RIL) had set prices for PTA at ₹82.00 per kg (increase of ₹0.70), MEG at ₹52.00 per kg (unchanged), and MELT at ₹88.20 per kg (increase of ₹0.60). Earlier this fortnight, the company decreased the price of polyester staple fibre (PSF) by ₹6 to ₹104 per kg. 

North Indian cotton prices remained steady after a brief 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 ₹5,825-5,925 per maund in Punjab, ₹5,725-5,825 per maund in Haryana, and ₹6,050-6,175 per maund in upper Rajasthan; and at ₹55,200-57,000 per candy of 356 kg in lower Rajasthan. 

Fibre2Fashion News Desk (KUL)