In the Surat market of Gujarat, poly spun yarn prices increased, with 30 count poly spun yarn rising ₹2-3 to ₹142-143 per kg (GST extra) and 40 count poly spun yarn reaching ₹157-158 per kg. A trader from Surat market told Fibre2Fashion, “Import consignments were not dispatched last month because of implementation of QCO. There might be supply disruptions this month, supporting market sentiments.”
India’s polyester spun yarn prices rose by ₹2-3 per kg in the last fortnight, driven by rising raw material costs and the implementation of QCO on polyester fibre and other products.
The market anticipates potential supply disruptions due to several suppliers awaiting BIS certification.
Despite weak demand, concerns about supply supported market sentiments.
Polyester spun yarn prices in Ludhiana also increased by ₹2-3 per kg, with concerns about supply supporting market sentiments despite weak demand. “Poly spun yarn prices increased as raw material prices witnessed an upward trend. After Ramazan, consumption will pick up from the downstream industry. Implementation of QCO also led to a rise in poly spun yarn prices,” Ashok Singhal, a trader from Ludhiana market told F2F.
In Ludhiana, 30 count poly spun yarn was priced at ₹153-162 per kg (GST inclusive); 30 count PC combed yarn (48/52) was steady at ₹217-230 per kg (GST inclusive); 30 count PC carded yarn (65/35) was stable at ₹202-212 per kg, and recycled polyester fibre (PET bottle fibre) was noted at ₹75-78 per kg, according to Fibre2Fashion’s market insight tool TexPro.
Reliance Industries Limited (RIL) increased prices for purified terephthalic acid (PTA) and MELT for the current week, while monoethylene glycol (MEG) prices decreased. RIL set prices as PTA at ₹87.20 per kg (increase of ₹2.30), MEG at ₹53.20 per kg (decrease ₹3.30), and MELT at ₹93.08 per kg (increase ₹0.86). The company raised the price of polyester staple fibre (PSF) by ₹2 to ₹108 per kg for this fortnight.
North Indian cotton prices weakened as ICE cotton displayed a downward trend. Cotton traded ₹40-50 lower per maund of 37.2 kg on Wednesday. Trade sources indicated that the market was influenced by global cotton trends. Cotton demand from spinners remained consistent as they had to continuously purchase cotton due to not having large stocks. Cotton arrivals in North India reached 8,000 bales of 170 kg. Cotton was traded at ₹6,125-6,250 per maund in Punjab, ₹6,125-6,230 per maund in Haryana, and ₹6,370-6,470 per maund in upper Rajasthan, and at ₹59,000-61,000 per candy of 356 kg in lower Rajasthan.
Fibre2Fashion News Desk (KUL)