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Friday, March 1, 2024

India’s poly spun yarn sees limited trade amid muted demand

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The market for polyester-cotton yarn and poly spun yarn in India experienced thin trade due to muted demand. Prices in the Ludhiana market in North India remained steady, while Surat saw a recovery of ₹2-3 per kg after a fall in prices the previous week. Trade participants opted to adopt a wait-and-watch policy as they anticipated prices increasing next month. 

In Surat, Gujarat, prices improved by ₹2-3 per kg for polyester spun yarn after a previous downfall. The 30-count poly-spun yarn was traded at ₹139-140 per kg (GST extra), and the 40-count poly-spun yarn was traded at ₹154-155 per kg. A trader from Surat told Fibre2Fashion, “Last week, RIL had increased the prices of raw materials, which encouraged the value chain to raise prices. However, demand was still weak, and it is unlikely that there will be any improvement in prices this month.” 

The market for polyester-cotton and poly spun yarn in India saw slow trade with prices remaining steady in Ludhiana and recovering by ₹2-3 per kg in Surat. Market participants are adopting a wait-and-watch policy for next month, anticipating prices to increase. Cotton prices in north India remained range-bound and recovered to previous levels.

Polyester-cotton and polyester yarn sold steadily in the Ludhiana market, with demand from the downstream industry remaining weak due to weak sentiments in the entire value chain. A trader from the Ludhiana market told F2F, “Buyers preferred to wait for the next month, hoping for better demand from the downstream industry. Some brands may come for placing big orders for textile products.” 

In Ludhiana, 30 count PC combed yarn (48/52) was sold steadily at ₹217-230 per kg (GST inclusive) in Ludhiana, while 30 count PC carded yarn (65/35) was steady at ₹202-212 per kg. 30 count poly-spun yarn was priced at ₹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. 

RIL decreased the prices of purified terephthalic acid (PTA) and MELT but monoethylene glycol (MEG) was kept unchanged for the current week. The company fixed prices as PTA at ₹81.20 per kg (a decrease of ₹0.50), MEG at ₹57.10 per kg (no change) and ₹89.04 per kg (a decrease of ₹0.43). The company retained the price of ₹106 per kg for polyester staple fibre (PSF). 

Cotton prices in north India remained range-bound, easing by ₹20-30 per maund of 37.2 kg on Tuesday, but the prices later recovered to their previous levels. Trade sources said that the market did not see much activity. Around 80 per cent of the total estimated crop of 40-42 lakh bales of 170 kg each have already arrived in the market, with the rest expected to reach the market by the end of next month. Cotton arrivals were noted at 10,000 bales of 170 kg each in north India. The natural fibre was traded at ₹6,080-6,180 per maund in Punjab and Haryana, and ₹6,300-6,400 per maund in upper Rajasthan. Cotton was sold at ₹58,500-60,500 per candy of 356 kg each in lower Rajasthan. 

Fibre2Fashion News Desk (KUL)


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