Traders have reported that poor demand for yarn has prevented any upward movement in prices, and they are uncertain about market conditions improving in the near future.
Polyester spun yarn in Ludhiana market experienced slight losses, with 30 count poly spun yarn dropping by ₹1-2 per kg due to slower demand. However, PC yarn and recycled polyester fibre prices remained steady. A trader from Ludhiana told, “Weak sentiments in the garment industry and recent falls in upstream raw materials have led to the easing down of poly spun yarn prices.”
Traders expressed uncertainty about the improvement in demand. In the Ludhiana market, 30 count poly spun yarn was priced at ₹154-161 per kg (GST inclusive), while 30 count PC combed yarn (48/52) remained stable at ₹215-228 per kg (GST inclusive), according to market report. Additionally, 30 count PC carded yarn (65/35) was priced at ₹200-210 per kg and recycled polyester fibre (PET bottle fibre) was noted at ₹75-78 per kg.
Despite sluggish demand, the market for poly spun yarn in Surat remained stable, with prices remaining steady. In this market, 30 count poly spun yarn was traded at ₹142-143 per kg (GST excluded), while 40 count poly spun yarn was priced at ₹158-159 per kg.
In Mumbai, the price of 30 viscose yarn (local) remained unchanged at ₹193-200 per kg (GST excluded). A trade source reported that demand was very poor, which did not support market sentiments.
Reliance has fixed the prices for its polyester raw materials for the current week, with PTA priced at ₹87.20 per kg (a decrease of ₹2.50), MEG at ₹53.00 per kg (unchanged), and MELT at ₹93.02 per kg (a decrease of ₹2.15). The company has maintained the prices of polyester staple fibre (PSF) at ₹110 per kg for the current fortnight.
Due to sluggish demand, cotton prices in north India continued to trend downwards. Cotton arrival in the region remained steady, but traders reported limited buying from spinners. The lower arrival failed to support market sentiments, with cotton arrival noted at 5,000 bales of 170 kg in north India. In Punjab, cotton was traded at ₹6,125-6,225 per maund, in Haryana at ₹6,100-6,200 per maund, and in upper Rajasthan at ₹6,300-6,400 per maund. Additionally, in lower Rajasthan, it was sold at ₹59,500-61,000 per candy of 356 kg.
The demand for polyester spun yarn has slowed down in Ludhiana today, leading to a downward trend in the market. However, polyester-cotton yarn has remained stable in the north Indian textile hub. In the western Indian market of Surat, poly spun yarn has maintained a steady trend. Mumbai has seen a consistent trend in viscose yarn.
