Sluggish demand causes poly, PC yarn prices to decline in India

16 Nov '22

3 min read

Pic: Shutterstock.com

Polyester-cotton (PC) and poly spun yarn prices have eased in the domestic market as sluggish demand forced sellers to cut prices. Polyester and PC yarn prices reduced by ₹3-8 per kg in the last couple of days. Cheaper PSF and raw materials also led yarn prices to go down. Reliance Industries Limited (RIL) has reduced the prices of PSF by ₹2 per kg for the second half of this month.

Slightly better demand seen last week could not be sustained, causing a decline in polyester yarn and blended yarn prices, according to trade sources. Price cut of PSF and raw materials by RIL also drove yarn prices downwards. “Buyers were absent from the market. Recent report of steep fall in India’s textiles and apparel also gave bearish indications,” a Ludhiana based trader told Fibre2Fashion.

Polyester-cotton and poly spun yarn lost ₹5-8 per kg in Ludhiana. While Surat market noted a decline of ₹3-5 per kg, sources said. 30 count PC combed yarn (48/52) was sold at ₹210-220 per kg (GST inclusive). 30 count PC carded yarn (65/35) was priced at ₹180-185 per kg. 20 count PC (recycled-O/E) PSF yarn (40/60) was traded at ₹152-158 per kg. 30 count poly spun yarn was sold at ₹155-160 per kg and recycled polyester fibre (PET bottle fibre) was at ₹83-86 per kg, according to Fibre2Fashion’s market insight tool TexPro.

In the Surat market of Gujarat, 30 count poly spun yarn was traded at ₹137-138 per kg (GST extra) and 40 count poly spun yarn at ₹145-147 per kg.

RIL had increased the prices of purified terephthalic acid (PTA) and MELT for the current week and cut prices of monoethylene glycol (MEG). On Friday, RIL fixed prices as: PTA at ₹81.70 per kg (+0.50), MEG at ₹51.70 per kg (-0.50) and MELT at ₹87.84 (₹+0.26) per kg. RIL has reduced prices of PSF by ₹2 to ₹103 per kg for the current fortnight.

North Indian cotton prices increased again after declining yesterday. Weaker dollar supported ICE cotton to move upwards. According to local traders, purchases being made by MNCs at high prices are also supporting cotton prices. They are buying the natural fibre to fulfil their commitment. Cotton arrival was noted at 20,000 bales of 170 kg in north Indian region. Cotton prices increased by ₹150-200 per maund of 37.2 kg in the last one week. The natural fibre was traded at ₹6,800-6,900 in Punjab, ₹6,700-6,800 in Haryana, ₹6,950-7,000 per maund in upper Rajasthan and at ₹66,000-67,500 per candy of 356 kg in lower Rajasthan.

Fibre2Fashion News Desk (KUL)

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