India’s Poly spun yarn price eases; PC, recycled yarn prices increase

According to trade sources, buyers again slowed down buying as market was facing a cash crunch. A Ludhiana based trader told Fibre2Fashion, “Buyers were reluctant to buy yarn in large quantities. They hope for strong demand in weaving and garment industry, but they want to make sure about future demand.” 

Last week, RIL had reduced prices of raw material of PSF after a decline in the China market. There was a possibility that RIL will cut PSF prices by ₹4-5 per kg on August 15. It reviews PSF price periodically while revises prices of raw material on weekly basis. 

Polyester and polyester-cotton yarn were traded with mixed trend. Poly spun yarn eased after decrease in polyester staple fibre (PSF), but Recycled PSF yarn gained by ₹10 per kg. Polyester-cotton yarn also noted an uptrend. Reliance Industries Limited (RIL) reduced PSF prices but raw materials’ prices were increased. Demand was average amid caution buying.

In Ludhiana market, polyester-cotton and polyester yarn prices noted mixed trend. Poly spun yarn reduced up to ₹7 per kg as PSF prices eased after price cut by RIL. However, 30 count polyester-cotton combed yarn (48:52) appreciated after rise in the natural fibre. 20 PC recycled PSF O/E yarn also jumped ₹10 per kg. 30 count PC combed yarn (48/52) was sold at ₹262-277 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 30 count PC carded yarn (65/35) was priced at ₹220-230 per kg. 20 count PC (recycled-O/E) PSF yarn (40/60) was traded at ₹190-200 per kg. 30 count poly spun yarn was sold at ₹172-180 per kg. High tenacity recycle fibre steadied at ₹88-92 per kg. 

Reliance Industries Limited had earlier increased prices of purified terephthalic acid (PTA), monoethylene glycol (MEG) and MELT. On last Friday, RIL had fixed prices of raw material as: PTA ₹87 (+1.80) per kg, MEG ₹53.80 per kg (+0.10) and MELT at ₹93.11 (+1.58) per kg. But the price of PSF was reduced ₹4 per kg on August 15. The company decreased price of PSF from ₹120 to ₹116 per kg. 

North India cotton prices further jumped as nominal availability encouraged seller for higher quotation. According to traders, there was very thin trade due to negligible availability of cotton. But spot market prices gained ₹200-500 per maund of 37.2 kg in last one week. Cotton was sold at ₹10,500-10,700 in Punjab, ₹9,800-10,200 in Haryana and ₹11,100 -11,400 per maund in Upper Rajasthan, and at ₹94,000-97,000 per candy of 356 kg in lower Rajasthan. 

Fibre2Fashion News Desk (KUL)