The Ludhiana market displayed a bearish tone as buyers stayed away, leading to reduced PC yarn prices. Conversely, the prices of polyester spun yarn maintained a steady trend, due to its relatively higher demand. A trader from the Ludhiana market spoke to Fibre2Fashion, saying, “The overall market conditions have not improved. Typically, the demand for coarse count yarn increases at this time of the year, but there’s currently no sign of improvement. The PC yarn is under increased pressure due to poor demand.” The price of 30 count PC combed yarn (48/52) remained steady at ₹201-211 per kg (including GST) in Ludhiana. Additionally, 30 count PC carded yarn (65/35) held steady at ₹190-195 per kg, and 30 count poly spun yarn was noted at ₹152-160 per kg (including GST) in the north Indian market. Recycled polyester fibre (PET bottle fibre) was priced at ₹69-72 per kg, according to Fibre2Fashion’s market insight tool TexPro.
India’s polyester-cotton (PC) yarn prices dropped by ₹2-3 per kg in the Ludhiana market due to reduced demand and market uncertainty.
However, the polyester spun yarn prices remained steady, with Ludhiana traders seeing no overall market improvement.
The Surat market also maintained stable poly spun yarn prices with potential demand revival in mid-July.
Similarly, the Surat market also maintained steady prices for poly spun yarn. Trade sources indicated that market conditions remained unchanged, but there is hope for a revival in demand by mid-July. Traders, however, must rely solely on probabilities. The 30 count poly spun yarn was traded at ₹134-135 per kg (excluding GST), and the 40 count poly spun yarn was traded at ₹148-150 per kg. The 30 count viscose compact yarn (local) was priced at ₹207-208 per kg (excluding GST) in Surat. 30 count viscose vertex yarn was priced at ₹185-195 per kg (excluding GST) in Mumbai market.
Earlier, Reliance Industries Limited (RIL) set its prices with PTA at ₹81.60 per kg (a decrease of ₹0.50), MEG at ₹48.90 per kg (unchanged), and MELT at ₹86.80 per kg (a decrease of ₹0.43). This pricing policy for polyester raw materials came into effect last Saturday, reversing the company’s previous trend of increasing the prices of PTA and MELT.
In the north Indian market, cotton continued to show a downward trend, with prices falling by ₹75-100 per maund of 37.2 kg, amid poor demand and a bearish trend in the global market. Although this decrease in cotton prices may benefit the downstream industry, buyers are currently unwilling to book new orders due to the market’s uncertainty. The natural fibre traded at different prices across various states: ₹5,700-5,800 per maund in Punjab, ₹5,475-5,575 per maund in Haryana, and ₹5,800-5,900 in upper Rajasthan. It was sold at ₹53,000-55,200 per candy of 356 kg in lower Rajasthan.
Fibre2Fashion News Desk (KUL)