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The Ludhiana market saw a downtrend in PC and polyester spun yarn. 30 count poly spun yarn dropped ₹5-7 per kg, while PC yarn slipped ₹7-8 per kg. Recycled polyester fibre was also traded lower by ₹6 per kg. A trader from the Ludhiana market told Fibre2Fashion, "Buyers were absent from the market as the downstream industry was facing slower demand. Traders and stockists were facing losses due to poor demand. Mills are cutting production. Many mills are observing holidays for extra days. They are unable to manage their stock and cash flow."
In Ludhiana, 30 count poly spun yarn was eased down to ₹145-150 per kg (GST inclusive); 30 count PC combed yarn (48/52) was down to ₹202-218 per kg (GST inclusive); 30 count PC carded yarn (65/35) was stable at ₹192-202 per kg; and recycled polyester fibre (PET bottle fibre) fell to ₹68-69 per kg, according to Fibre2Fashion's market insight tool TexPro.
Poly spun yarn was also down ₹2-3 per kg in the Surat market. According to trade sources, export orders are very few and Indian capacity cannot be utilised unless export demand picks up. The 30 count poly spun yarn was traded at ₹138-139 per kg (GST extra) and 40 count poly spun yarn at ₹154-155 per kg.
In Mumbai, 30 viscose yarn (local) dropped by ₹6-7 to ₹185-195 per kg (GST extra). According to trade sources, the price is expected to decline further for imported viscose yarn due to weak demand from the garment industry.
Last week, RIL adjusted prices, decreasing PTA to ₹83.40 per kg and MELT to ₹89.44 per kg, while MEG remained unchanged at ₹52.10 per kg. This price adjustment of polyester raw materials came into effect last Saturday. RIL has been regularly reducing PTA and MELT prices to align with global trends. PSF prices have been reviewed twice within four days, dropping by ₹6 per kg to ₹104 per kg.
Cotton in north India is trading bearishly, and the prices have declined in Haryana due to quality concerns. However, prices remained steady in Punjab and upper Rajasthan. Traders said spinners are cautious about new purchases due to poor demand from the weaving industry and are looking to reduce production due to a cotton glut. Cotton arrival was noted at 5,500 bales of 170 kg in north India. Cotton was traded at ₹6,030-6,130 per maund in Punjab, ₹6,075-6,175 per maund in Haryana and ₹6,275-6,375 per maund in upper Rajasthan, and at ₹58,000-60,000 per candy of 356 kg in lower Rajasthan.
Fibre2Fashion News Desk (KUL)