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Mixed trend in India’s poly spun yarn even as PC prices remain high

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India’s polyester yarn prices showed a mixed trend today, with polyester-cotton yarn selling at higher prices while poly spun yarn eased down in Ludhiana due to reduced demand. However, the Surat market witnessed mild gains. Additionally, the price cut in polyester raw materials like purified terephthalic acid (PTA) and MELT by Reliance on Friday put pressure on market sentiments. 

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

India’s polyester yarn prices showed a mixed trend today, with polyester-cotton yarn selling at higher prices while poly spun yarn eased down in Ludhiana due to reduced demand. However, the Surat market witnessed mild gains. Additionally, the price cut in polyester raw materials like PTA and MELT by Reliance on Friday put pressure on market sentiments.

In Ludhiana, 30 count PC combed yarn (48/52) was sold at ₹222-232 per kg (GST inclusive), 30 count PC carded yarn (65/35) was priced at ₹202-212 per kg, and 30 count poly spun yarn was sold at ₹152-158 per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹74-76 per kg, and the raw material also eased down by ₹3-4 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

In Surat, Gujarat, poly spun yarn was sold at a higher price, as demand from the downstream industry was better. Poly spun yarn gained ₹1 per kg, with 30 count poly spun yarn being traded at ₹142-143 per kg (GST extra) and 40 count poly spun yarn at ₹157-158 per kg. 

Reliance Industries Limited decreased the prices of PTA and MELT for the current week, but monoethylene glycol (MEG) was kept unchanged. On last Friday, RIL fixed prices as PTA at ₹81.20 per kg (-0.80), MEG at ₹57.10 per kg (NC), and MELT at ₹89.25 (-0.51) per kg. RIL kept the prices of PSF unchanged at ₹106 per kg for the current fortnight. 

North Indian cotton prices steadied today amid slow demand from spinning mills. Lower arrivals were also unable to support cotton prices. According to local traders, cotton prices remained steady, and demand was low. The Indian government has approved the Quality Control Order (QCO) for cotton bales, but the market has not reacted yet. Cotton arrivals slowed down to 12,000 bales of 170 kg in north India. The natural fibre was traded at ₹6,300-6,425 per maund in Punjab, ₹6,300-6,400 per maund in Haryana, and ₹6,500-6,575 per maund in upper Rajasthan and at ₹60,500-62,500 per candy of 356 kg in lower Rajasthan. 

Fibre2Fashion News Desk (KUL)

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