India's PC yarn follows sluggish tone of poly yarn, prices down

Polyester yarn gained ₹1-2 per kg in Ludhiana and prices improved in Surat market too. There market in Ludhiana was bearish due to poor demand. “Demand from downstream industry was very poor. Poly spun and PC yarn could not sustain at the previous levels, but PC yarn performed better,” a trader from Ludhiana market told Fibre2Fashion. 

In Ludhiana, 30 count PC combed yarn (48/52) was sold at a lower price of ₹217-230 per kg (GST inclusive), but 30 count PC carded yarn (65/35) was steady at ₹202-212 per kg. 30 count poly spun yarn eased by ₹1 to ₹151-158 per kg and recycled polyester fibre (PET bottle fibre) was noted at ₹74-77 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

The Surat market of Gujarat also saw sluggish demand, leading to steady prices for 30 count poly spun yarn at ₹142-143 per kg (GST extra) and 40 count poly spun yarn at ₹157-158 per kg. 

Reliance Industry Limited (RIL) maintained its prices for purified terephthalic acid (PTA), monoethylene glycol (MEG), and MELT at ₹81.20 per kg, ₹57.10 per kg, and ₹89.25 per kg, respectively, for the current week. The company also maintained polyester staple fibre (PSF) at ₹106 per kg. 

In the North Indian cotton market, prices softened by ₹30-50 per maund of 37.2 kg due to higher arrival and limited demand from spinning mills. Although spinning mills are running at almost full capacity of 80 to 100 per cent, they are avoiding paying higher prices for cotton. However, exporters are showing good demand even as domestic demand from the garment industry remains weak. Cotton arrival was 16,000 bales of 170 kg in north India. The natural fibre was traded at ₹6,250-6,350 per maund in Punjab, ₹6,250-6,350 per maund in Haryana and ₹6,470-6,550 per maund in upper Rajasthan, and ₹60,000-62,000 per candy of 356 kg in lower Rajasthan. 

Fibre2Fashion News Desk (KUL)