Polyester-cotton (PC) yarn prices decline in North India’s knitwear hub of Ludhiana on recently due to slower demand and cheaper cotton. However, prices of polyester spun fibre (PSF), a raw material for polyester yarn, are expected to increase this week. Prices of acrylic yarn remained stable on 5th March, 2022 after seeing a rise in the previous two days.
PC yarn prices decreased by Rs. 5-15 per kg on 5th March, 2022 in North India, according to market sources. It was due to fabric and garment manufacturers not being active for fresh buying as they are facing uncertain demand scenario. In addition, summer demand from local market is also not yet visible. Otherwise also, demand of PC fabric and garments remains subdued in summer season as buyers prefer cotton garments. Cheaper cotton was also a reason for lower PC yarn prices, as production cost came down, a trader told.
Meanwhile, PSF prices remained unchanged despite high crude oil prices. However, PSF prices are expected to go up by Rs. 3 per kg this week, as the price of raw material – melt – increased by Rs. 5 per kg due to higher crude oil prices. Traders feel that volatility in crude oil prices has dented confidence in textile market.
In Ludhiana, the country’s most prominent man-made yarn market, 30 count PC combed yarn (48/52) was sold at of Rs. 275-295 per kg, 30 count PC carded yarn (65/35) was priced at Rs. 245-250 per kg, and 20 count PC (recycled) yarn O/E (40/60) was traded at Rs. 223-225 per kg. Acrylic NM (2/48) was priced at Rs. 350-355 per kg, while Acrylic NM (2/32) at Rs. 290-295 per kg.
30 count PC combed yarn (48/52) eased down by Rs. 15 per kg, while 30 Count PC carded yarn (65/35) slipped by Rs. 5 per kg. Reliance Industries Ltd (RIL) maintained PTA at Rs. 84, MEG at Rs. 59.60 and PSF at Rs. 120 per kg. However, price of melt was increased by Rs. 5 to Rs. 97.50 per kg.