India’s polyester and polyester-cotton yarn prices remained steady today, even though trading activities improved as domestic brands were actively buying for the summer season. The recent fall in polyester prices encouraged buyers. Yarn prices may not improve due to higher production from spinning mills, but improved demand supported trading activities.
Most varieties and counts of polyester and polyester-cotton yarn remained stable, according to trade sources. Surat also noted a steady trend amid better demand. 30 count PC combed yarn (48/52) was sold at Rs. 203-213 per kg (GST inclusive) in Ludhiana. 30 count PC carded yarn (65/35) was priced at Rs. 175-180 per kg. 30 count poly spun yarn was sold at Rs. 147-155 per kg. Recycled polyester fibre (PET bottle fibre) was at Rs. 75-77 per kg, according to market report.
In the Surat market of Gujarat, trade improved as the domestic textile industry was actively buying. A trader from Surat market told, “There was better buying not only in yarn but also in the entire value chain.
Various brands are active for buying for the coming summer season which has led to better trade activities. However, yarn prices remained stable.” In this market, 30 count poly spun yarn was traded at Rs. 130-131 per kg (GST extra) and 40 count poly spun yarn was traded at ₹140-141 per kg. The prices came down to Rs. 2-4 per kg in the last few days after fibre prices declined.
Reliance Industries Limited decreased the prices of purified terephthalic acid (PTA) and MELT for the current week and increased the prices of monoethylene glycol (MEG). Recently, RIL fixed the prices as: PTA at Rs. 75.90 per kg (-1.10), MEG at Rs. 54.70 per kg (+2.00) and MELT at Rs. 83.87 (Rs. -0.27) per kg. Earlier, RIL had reduced the prices of PSF by Rs. 3 to Rs. 99 per kg for the current fortnight.
North Indian cotton prices improved as the natural fibre was traded higher in futures. The prices increased by Rs. 50-100 per maund of 37.2 kg since last Monday. According to local traders, cotton arrival remained limited. The prices found support from strength shown in the future market. North India’s cotton arrival was estimated at 20,000 bales of 170 kg. The natural fibre was traded at Rs. 6,625-6,675 per maund in Punjab, Rs. 6,600-6,700 per maund in Haryana and Rs. 6,800-6,850 per maund in upper Rajasthan and Rs. 64,300-66,300 per candy of 356 kg in lower Rajasthan.
