India’s polyester-cotton yarn and poly-spun yarn prices saw bearish sentiments because of slower demand. Prices of poly-spun yarn eased by Rs. 3-4 per kg in Surat in the last fortnight. However, the prices remained stable amid weak demand in Ludhiana market. Meanwhile, Reliance Industries Limited (RIL) had increased the prices of raw material recently.
Gujarat’s Surat market noted downfall in prices amid sluggish demand. The prices slipped by Rs. 3-4 per kg and 30 count poly-spun yarn was traded at Rs. 137-138 per kg (GST extra) and 40 counts poly spun yarn at Rs. 152-153 per kg. A trader from Surat market told, “Weaving and garment industries were not confident about demand from end-users. They were reluctant for bulk purchase of raw materials. The price of poly-spun yarn eased down in last couple of days.”
Polyester-cotton and polyester yarn was sold steady in Ludhiana market. However, demand was very low because of weak sentiments in the entire value chain. A trader from Ludhiana market told, “Buyers were silent for yarn purchase as garment units were still operating on limited capacity.” 30 count PC combed yarn (48/52) was sold steady at Rs. 217-230 per kg (GST inclusive) in Ludhiana, according to market report. 30 count PC carded yarn (65/35) was steady at Rs. 202-212 per kg. 30 count poly spun yarn was priced at Rs. 151-158 per kg. The price of recycled polyester fibre (PET bottle fibre) was noted at Rs. 74-77 per kg.
RIL had increased prices of purified terephthalic acid (PTA) and MELT last Friday, but it had kept the price of monoethylene glycol (MEG) unchanged for the current week. The company fixed prices as: PTA Rs. 81.70 per kg (up 0.50), MEG at Rs. 57.10 per kg (no change), and MELT Rs. 89.25 per kg (up 0.43). The company’s PSF was noted at Rs. 106 per kg.
North Indian cotton prices were also stable after mild gain recently. The price had increased by Rs. 40-50 per maund of 37.2 kg after rise in cotton futures.
However, the prices were unchanged today because of limited buying from spinners. Cotton arrival was noted at 15,000 bales of 170 kg each in north India. The natural fibre was traded at Rs. 6,150-6,250 in Punjab, Rs. 6,150-6,250 in Haryana and Rs. 6,350-6,425 per maund in upper Rajasthan. Cotton was sold at Rs. 59,000-61,000 per candy of 356 kg in lower Rajasthan.
