Poly spun, PSF prices down in India, China’s lockdown provides relief

Prices of polyester and polyester-cotton (PC) yarn declined in India as polyester fibre prices came down. The industry is switching to polyester from cotton to operate at limited loss or low margins. Industry sources said that Indian textile industry is relieved due to COVID restrictions in China, which are affecting the demand of polyester products. 

Reliance has cut prices of polyester staple fibre by ₹3 to ₹99 per kg, and after regular discounts, the prices worked out at ₹87-88 per kg. Cheaper fibre dragged down the prices of recycled polyester fibre to ₹75-77 per kg. A steep fall in polyester fibre prices provided the much-needed relief to the textile value chain. 

Prices of polyester and polyester-cotton (PC) yarn declined in India as polyester fibre prices came down. The industry is switching to polyester from cotton to operate at limited loss or low margins. Industry sources said that Indian textile industry is relieved due to COVID restrictions in China, which are affecting the demand of polyester products.

“Polyester price cuts provided room for the industry to run with limited loss. Spinning mills are making loss from production of polyester yarn but the loss is lower than that of cotton yarn production,” a broker from Ludhiana told Fibre2Fashion. Before the recent fall, production of polyester yarn was profitable. Recently poly spun yarn prices eased by ₹2-5 per kg. 

According to trade sources, poly spun, and PC yarn eased by ₹2-5 per kg in Ludhiana. Surat market also noted a bearish trend. 30 count PC combed yarn (48/52) was sold at ₹203-213 per kg (GST inclusive) in Ludhiana, according to Fibre2Fashion’s market insight tool TexPro. 30 count PC carded yarn (65/35) was priced at ₹175-180 per kg. 30 count poly spun yarn was sold at ₹147-155 per kg. Recycled polyester fibre (PET bottle fibre) was at ₹75-77 per kg. 

Recycled polyester fibre fell by ₹2-3 per kg after price cut of virgin polyester staple fibre by Reliance Industries Limited. 

In Surat, Gujarat, 30 count poly spun yarn was traded at ₹130-131 per kg (GST extra) and 40 count poly spun yarn at ₹140-141 per kg. The prices came down by ₹2-4 per kg in the last few days after fibre prices declined. 

Reliance Industries Limited had decreased prices of purified terephthalic acid (PTA), monoethylene glycol (MEG) and MELT for the current week. On Friday, RIL fixed the prices as: PTA at ₹77.00 per kg (-1.50), MEG at ₹52.70 per kg (+0.50) and MELT at ₹84.14 (₹-1.12) per kg. Earlier, RIL had reduced the prices of PSF by ₹3 to ₹99 per kg for the current fortnight. 

North Indian cotton prices remained firm due to consistent but limited demand amid slow arrival. According to local traders, prices are increasing as farmers are reluctant to sell their stock at current prices which are not comfortable for the industry. But buyers are purchasing cotton with caution. Overall cotton arrival was at 23,000-23,500 bales of 170 kg. The prices increased by ₹50-70 per maund of 37.2 kg in the last few days. The natural fibre was traded at ₹6,550-6,650 per maund in Punjab, ₹6,450-6,550 per maund in Haryana and ₹6,750-6,800 per maund in upper Rajasthan and at ₹64,000-66,000 per candy of 356 kg in lower Rajasthan.

Fibre2Fashion News Desk (KUL)