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Indian viscose yarn rises on demand, stability in PC & polyester

22 Jan '25
5 min read
Indian viscose yarn rises on demand, stability in PC & polyester
Pic: Adobe Stock

Insights

  • India's viscose yarn gained ₹3-4/kg in Surat due to strong demand, limited supply, and rising import costs.
  • PC and polyester yarn traded steadily, with PC yarn expected to see seasonal demand.
  • Cotton arrivals in North India totalled 10,000 bales, with stable prices amid lower arrivals.
  • Tight payment conditions were noted in Surat's polyester market.
India’s viscose yarn remained bullish amid strong demand ahead of the wedding and festival season. The rising US dollar against the Indian rupee also increased the landed cost of imported viscose yarn. Viscose yarn gained by ₹3-4 per kg in the Surat market of the west Indian state of Gujarat. The Mumbai market also noted higher demand, but viscose yarn prices remained steady. Polyester and polyester-cotton yarn were traded steadily in the Ludhiana and Surat markets. Market sources said that multiple reasons were behind the rising viscose yarn prices. Fabric and garment manufacturers are ramping up production ahead of the festival and wedding season. Higher import costs also contributed to the bullish trade in the vegetable fibre yarn. However, PC and polyester yarn saw average demand from the downstream industry.

The Ludhiana market witnessed steadiness in polyester-cotton and polyester yarn prices. However, PC yarn is likely to see higher seasonal demand. PC garments are expected to experience good demand during the summer season. A trader from the Ludhiana market told Fibre2Fashion, “Currently, PC and polyester yarn are being traded steadily. However, PC yarn may see an upward trend due to seasonal demand. Polyester yarn will take direction based on price movements in the upstream industry.”

In Ludhiana, 30-count PC combed yarn (48/52) traded at ₹210-220 (approximately $2.43-2.55) per kg (GST inclusive); 30-count PC carded yarn (65/35) at ₹196-206 (approximately $2.27-2.39) per kg; 20 recycled polyester at ₹114-125 (approximately $1.32-1.45) per kg; 30-count polyester spun at ₹158-165 (approximately $1.83-1.91) per kg (GST inclusive); recycled polyester fibre (PET bottle fibre) at ₹79-82 (approximately $0.92-0.95) per kg; and virgin polyester fibre at ₹101.50 (approximately $1.18) per kg.

Surat’s polyester yarn market also noticed steadiness in specialised polyester yarn, such as fully drawn yarn (FDY). According to market sources, the local market is experiencing tight payment conditions. Buyers are expected to be cautious in purchasing from MSME units in the coming month due to the payment time limit until the end of the financial year.

In the Surat market, 30-count polyester spun yarn was traded at ₹146-147 (approximately $1.69-1.70) per kg (GST extra); 40-count polyester spun yarn at ₹159-160 (approximately $1.84-1.85) per kg; 50/48 fully drawn yarn (FDY) at ₹115-116 (approximately $1.33-1.34) per kg; 75/72 FDY at ₹105-106 (approximately $1.22-1.23) per kg; and 75 bright yarn at ₹105-106 (approximately $1.22-1.23) per kg.

Viscose yarn has seen strong demand amid limited supply. As a result, viscose yarn prices increased by ₹3-4 per kg in the Surat market, which is one of the main regions for the production of downstream products of viscose yarn. However, the Mumbai market did not experience a similar rise in viscose yarn prices. Buyers were actively seeking raw materials in this market as well. Trade sources indicated that the upcoming festival and wedding season has encouraged the fabric and garment industry to ramp up production. The wedding season is expected in the coming months, and the Eid festival will be observed in the last week of March. Viscose yarn is primarily used in women’s garments, and demand in this segment typically increases during wedding and festival seasons. The rising US dollar against the Indian rupee has also increased the landed cost of viscose yarn.

In Mumbai, imported 30-count viscose vortex yarn was priced at ₹197-203 (approximately $2.28-2.35) per kg, while local 30-count ring-spun viscose yarn was priced at ₹201-206 (approximately $2.33-2.39) per kg. In Surat, 30-count viscose compact yarn (local) was sold at ₹214-216 (approximately $2.48-2.50) per kg (GST extra), and 30-count viscose vortex yarn was priced at ₹203-205 (approximately $2.35-2.37) per kg.

In North India, cotton prices remained stable following a gradual increase in the previous trading sessions. Markets witnessed limited trade, and arrivals were also lower. Traders noted that North Indian markets are recording limited arrivals, which can be easily absorbed by the consumer industry. Ginners are attempting to procure seed cotton but are reluctant to offer higher prices due to slow demand from the spinning industry.

North India’s cotton arrivals totalled 10,000 bales of 170 kg each, comprising 500 bales in Punjab, 3,000 bales in Haryana, 3,500 bales in upper Rajasthan, and 3,000 bales in lower Rajasthan. Cotton prices in Punjab ranged from ₹5,590 to ₹5,600 (approximately $64.76-64.88) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,580 to ₹5,600 (approximately $64.65-64.88). In upper Rajasthan, cotton was priced between ₹5,590 and ₹5,610 (approximately $64.76-64.99) per maund. In lower Rajasthan, prices ranged from ₹53,300 to ₹54,400 (approximately $617.49-630.23) per candy of 356 kg. Meanwhile, seed cotton was priced at ₹7,200-7,600 (approximately $83.41-88.05) per quintal of 100 kg.

Disclaimer: The prices in this article are based on market sources and hence, readers are recommended to do their own research before making any decision. The publisher and their affiliates are not liable for any inaccuracies or actions taken based on this information.

Fibre2Fashion News Desk (KUL)

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