PC, poly yarn prices decline in India as weak demand persists

19 Oct '22

2 min read

Pic: Shutterstock.com

Polyester-cotton (PC) yarn prices eased by ₹10 per kg in north India as demand remained weak amid new cotton crop arrival. Polyester spun yarn decreased by ₹2-5 per kg in Ludhiana and Surat. Market sentiments remained weak as demand from weaving industry has not improved yet. Recycled polyester fibre also declined due to poor demand from downstream industry.

According to trade sources, polyester yarn and blended yarn prices witnessed a downward trend as demand was not supportive. “Slower demand is the reflection of the weak global economy. The market gets support from the export market, which is experiencing dampened market sentiments in yarn trade,” a Ludhiana based trader told Fibre2Fashion. Traders are waiting to see if market sentiments improve after Diwali. The textile industry focusses on summer garments after the festival.

According to trade sources, polyester-cotton and poly spun yarn prices have declined. PC yarn fell by ₹10 per kg. While polyester spun yarn declined by ₹2-5 per kg in Ludhiana and Surat. 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 ₹185-190 per kg. 20 count PC (recycled-O/E) PSF yarn (40/60) was traded at ₹150-160 per kg. 30 count poly spun yarn was sold at ₹157-165 per kg. Recycled polyester fibre (PET bottle fibre) was at ₹85-87 per kg. 30 count poly spun yarn was traded at ₹138-143 per kg (GST extra) and 40 count poly spun yarn at ₹153-153 per kg in the Surat market of Gujarat.

Reliance Industries Limited had earlier decreased prices of purified terephthalic acid (PTA), monoethylene glycol (MEG) and MELT for the current week. On Friday, RIL had fixed prices as: PTA at ₹86 per kg (-1.80), MEG at ₹55.70 per kg (-0.50) and MELT at ₹92.90 (₹-1.72) per kg. Earlier this month, PSF was priced at ₹107 per kg for the current fortnight.

North Indian states witnessed an upward trend in cotton prices as arrival remained limited and there were speculations of delay in crop arrival in Maharashtra and some parts of Gujarat due to unseasonal rains. According to traders, cotton arrival was 15,000-16,000 bales of 170 kg in the north Indian region. Cotton prices decreased by ₹20-40 per maund of 37.2 kg. Cotton was traded at ₹6,950-7,040 per maund for ready delivery in Haryana, Punjab and Rajasthan.

Fibre2Fashion News Desk (KUL)

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