PSF raw materials like PTA and MEG recorded a decline in prices. Acrylic yarn prices remained stable, while acrylic fibre prices slipped by ₹3 per kg amid weak demand.

A trader told Fibre2Fashion, “PC yarn prices gained up to ₹10 per kg because of improved demand from downstream industry. Garment brands and unbranded manufacturers are shifting to PC yarn because cotton yarn’s record high prices are unbearable for the entire value chain.

A trade source said that many companies who were earlier selling 100 per cent cotton garments, have now shifted to production of PC garments. Traders said that final costing of pure cotton garment is not bearable for the end users. They said that it is an unusual trend seen this year about shifting of big brands toward PC garments. Therefore, the consumption of man-made fibre and PSF is increasing gradually.

In Ludhiana market, 30 count PC combed yarn (48/52) was sold at ₹300-312 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 30 count PC carded yarn (65/35) was priced at ₹265-275 per kg. 20 count PC (recycled-O/E) PSF yarn (40/60) was traded at ₹195-200 per kg. 30 count poly spun yarn was sold at ₹190-200 and recycled 30 count poly spun yarn at ₹175-185 per kg. Acrylic NM (2/48) was priced at ₹330-340 per kg, while acrylic NM (2/32) was at ₹280-290 per kg. 

The price of PSF remained unchanged at ₹123 per kg. Reliance Industries Limited (RIL) has fixed prices of raw material as: PTA ₹91.90 per kg (down ₹1.20) and MEG ₹60.80 per kg (down ₹2.30) and MELT at ₹106.20 per kg. Vardhman, Pasupati and other companies decreased the price of acrylic fibre by ₹3 to ₹226 per kg. Global oil benchmark Brent crude futures remained stable at $109.34 per barrel, as per TexPro.

In the global market, ZCE cotton yarn May 2022 futures traded higher by CNY 305 at CNY 27,215 per ton and September 2022 traded down by CNY 45 at CNY 27,735 per MT today. ZCE cotton May gained CNY 35 and increased to CNY 21,745 per MT, while September contract traded up by CNY 160 to CNY 21,655 per MT. ICE cotton futures rallied nearly 3 per cent on Monday, boosted by supply concerns due to worsening drought across key growing regions in the US and mill buying. Cotton contracts for July rose by 4.03 cents, or 2.77 per cent, to 149.66 cents per lb. Prices traded within a range of 145 and 150 cents per lb.

In north India, cotton prices eased on Wednesday as demand from spinning mills declined at inflated prices. However, drop in prices was limited by weaker arrivals. In Punjab, cotton was quoted from ₹94,200 to ₹96,500 per candy of 356 kg. In Haryana, cotton was priced at ₹91,800 to ₹96,400 per candy. In Upper Rajasthan, cotton was sold at ₹94,800 to ₹97,000 per candy, while it was ₹90,500 to ₹93,400 per candy in Lower Rajasthan.

Fibre2Fashion News Desk (KUL)