In the Ludhiana market, polyester-cotton yarn prices remained unchanged, while poly spun yarn increased by ₹2 per kg after the QCO was implemented. As a trader from the Ludhiana market explained to Fibre2Fashion, “The implementation of QCO on polyester filament yarn could cause a disruption in imported supplies. This drove up yarn prices. However, prices may decrease due to the government’s relief on the import of polyester yarn.”
The 30 count PC combed yarn (48/52) fell to ₹193-204 per kg (GST inclusive) in Ludhiana. Meanwhile, 30 count PC carded yarn (65/35) and 30 count poly spun remained steady at ₹185-190 per kg and ₹156-164 per kg (GST inclusive) respectively. The price of recycled polyester fibre (made from PET bottles) remained stable at ₹72-75 per kg, according to Fibre2Fashion’s market insight tool TexPro.
Polyester and viscose yarn prices have risen in the Indian market, while polyester-cotton remained stable
The Ludhiana and Surat markets saw an increase in poly spun yarn prices after a quality control order.
Meanwhile, north Indian cotton prices increased due to higher demand from spinning mills.
RIL has also adjusted its raw material prices.
The Surat market also reported an upward trend in poly spun yarn prices. As trade sources indicated, there was a short-term increase in yarn prices, which is expected to decrease due to the continued import of polyester yarn for the next two and a half months. The 30 count poly spun yarn traded at ₹138-139 per kg (GST extra) and the 40 counts poly spun yarn at ₹152-154 per kg. The 30 viscose compact yarn (local) was priced at ₹204-205 per kg (GST extra) in Surat. In contrast, the Mumbai market saw a ₹2 per kg increase in imported vortex viscose yarn, which sold at ₹182-187 per kg. Local ring spun yarn remained steady at ₹197-198 per kg.
Recently, RIL set prices of PTA at ₹86.00 per kg (an increase of ₹2.50), MEG at ₹48.20 per kg (unchanged), and MELT at ₹90.35 per kg (an increase of ₹2.15). The new pricing of polyester raw materials took effect from Saturday. For the second half of July 2023, the company increased the prices of polyester staple fibre (PSF) by ₹2 to ₹102 per kg.
The price of North Indian cotton increased due to higher demand from spinning mills and a stronger ICE cotton market. The prices increased by ₹25-30 per maund (37.2 kg). Trade sources reported that spinning mills were actively buying cotton due to higher demand from the weaving industry. The natural fibre was sold at ₹5,875-5,975 per maund in Punjab, ₹5,650-5,750 per maund in Haryana, and ₹5,950-6,075 per maund in upper Rajasthan. In lower Rajasthan, the natural fibre traded at ₹55,000-56,500 per candy (356 kg).
Fibre2Fashion News Desk (KUL)