Polyester yarn prices steady due to weaker buying, raw material up

A Ludhiana-based trader told Fibre2Fashion, “Demand has not improved yet in the yarn market. Garment manufacturing units have not yet started buying fabrics for the coming festival season. Weak sentiment in fabrics did not support yarn market.” Traders are hopeful of improvement in buying in the entire value chain. But present market conditions are not too rosy. Another trader said that Ludhiana market is more dependent on domestic retail segments, so the market will gain when manufacturing activities pick up as festival demand improves.

In Ludhiana market, recycled polyester-cotton yarn prices steadied amid weaker demand. 30 count PC combed yarn (48/52) was sold at ₹260-272 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 ₹175-185 per kg. 30 count poly spun yarn was sold at ₹175-187 per kg. High tenacity recycled fibre was priced at ₹85-88 per kg.

Reliance Industries Limited has increased prices of purified terephthalic acid (PTA) and monoethylene glycol (MEG) after rise in crude oil. The price of PSF remained steady at ₹120 per kg. RIL has fixed prices of raw material as: PTA ₹85.60 (+0.30) per kg, MEG ₹55.60 per kg (+0.50) and MELT at ₹92.09 per kg, as per TexPro.

North India cotton prices gained, supported by uptrend in futures. Cotton import on high prices also caused for gain in spot market. According to traders, spot market prices gained ₹100-200 per maund of 37.2 kg. Cotton was sold at ₹8,600-9,100 per maund in Bathinda, ₹8,200-8,600 per maund in Hissar and ₹8,900-9,100 per maund in Sriganganagar.

Fibre2Fashion News Desk (KUL)