The Ludhiana market witnessed a rise of ₹4-5 per kg in PC yarn. A trader from the Ludhiana market told Fibre2Fashion, “ICE cotton crossed the level of 100 US cents. But Indian cotton and yarn are still competitive. It is a positive factor for the steep rise in PC yarn prices. Higher cotton prices increased the cost of production of PC yarn. Although polyester spun remained stable with prices. Its demand was not supportive.”

Polyester-cotton yarn prices increased ₹4-5 per kg in the last four days, but polyester spun yarn prices remained stable due to slow demand. In Ludhiana, 30 count PC combed yarn (48/52) traded at ₹215-225 per kg (GST inclusive), 30 count PC carded yarn (65/35) at ₹200-210 per kg, 30 count polyester spun was priced at ₹150-156 per kg (GST inclusive) and recycled polyester fibre (PET bottle fibre) was quoted at ₹70-73 per kg, according to Fibre2Fashion’s market insight tool TexPro.

There was slow demand in the Surat market also. Polyester yarn prices remained stable in the market. Viscose yarn was also traded at previous levels. A trader from the Surat market told F2F, “The market was facing slow demand due to worries about the new payment rule. Nobody wanted to take the risk of tax implications. Other factors were also dampening market sentiment.” The market was waiting for direction from the pricing of leading manufacturers of polyester and viscose fibre and yarn. They will announce prices for March on Wednesday or Thursday.

Polyester and viscose yarn prices remained stable amid slow demand. The 30 count polyester spun yarn was traded at ₹137-138 per kg (GST extra), 40 count poly spun yarn at ₹149-153 per kg, 30 viscose compact yarn (local) at ₹197-200 per kg (GST extra) in Surat.

In the Mumbai market, viscose yarn was sold steadily. There was slow demand from the downstream industry. Although viscose yarn sees good seasonal demand after winter, the payment condition is not supportive of prices. According to a trader, viscose yarn demand will face slow demand by the end of March. After that, buying is likely to improve from the downstream industry. Imported 30 count viscose vertex yarn was priced at ₹181-186 per kg. Local 30 count ring spun viscose yarn was quoted at ₹190-193 per kg, as per TexPro.

North India cotton prices have seen a steep rise of ₹250-300 per maund of 37.2 kg during a couple of days. Traders said that ICE cotton has fuelled prices in the domestic market. ICE cotton crossed an important mark of 100 US cents per pound due to lower production expectations in the US. Spinning mills, stockists, and MNCs are also active buyers despite the price rise. They were trying to book cotton before the end of the arrival season. Today’s arrival was noted at 13,500 bales of 170 kg. State-wise arrivals were noted as Punjab 1,500 bales, Haryana 4,000 bales, upper Rajasthan 4,500, and lower Rajasthan 3,500 bales. Cotton was priced in Punjab at ₹5,850-5,900 and in Haryana at ₹5,800-5,900, upper Rajasthan at ₹5,700-5,900 per maund of 37.2 kg. Bikaner line cotton was sold at ₹5,800-5,900 per maund. In lower Rajasthan, cotton was priced at ₹56,000-58,000 per candy of 356 kg.

Fibre2Fashion News Desk (KUL)