Insights
- Polyester and viscose yarn rates have actually increased in the Indian market, while polyester-cotton stayed steady
- The Ludhiana and Surat markets saw a boost in poly spun yarn rates after a quality assurance order.
- Meanwhile, north Indian cotton rates increased due to greater need from spinning mills.
- RIL has actually likewise changed its basic material rates.
Polyester and viscose yarn rates have actually increased in the Indian market, while polyester-cotton stayed constant. The cost of Polyester spun yarn increased by ₹2 per kg, in anticipation of a prospective disturbance in abroad deliveries due to the intro of a quality assurance order (QCO). However, traders expect a reduction in rates, as the QCO was later on delayed. Imported vortex viscose yarn increased by ₹2 per kg due to increased need from the weaving market.
In the Ludhiana market, polyester-cotton yarn rates stayed the same, while poly spun yarn increased by ₹2 per kg after the QCO was executed. As a trader from the Ludhiana market explained to Fibre2Fashion, “The application of QCO on polyester filament yarn might trigger an interruption in imported materials. This increased yarn rates. However, rates might reduce due to the federal government’s relief on the import of polyester yarn.”
Polyester and viscose yarn rates have actually increased in the Indian market, while polyester-cotton stayed steady
The Ludhiana and Surat markets saw a boost in poly spun yarn rates after a quality assurance order.
Meanwhile, north Indian cotton rates increased due to greater need from spinning mills.
RIL has actually likewise changed its basic material rates.
The 30 count PC combed yarn (48/52) was up to ₹193-204 per kg (GST inclusive) in Ludhiana. Meanwhile, 30 count PC carded yarn (65/35) and 30 count poly spun stayed constant at ₹185-190 per kg and ₹156-164 per kg (GST inclusive) respectively. The cost of recycled polyester fiber (made from animal bottles) stayed steady at ₹72-75 per kg, according to Fibre2Fashion’s market insight tool TexPro.
The Surat market likewise reported an upward pattern in poly spun yarn rates. As trade sources showed, there was a short-term boost in yarn rates, which is anticipated to reduce due to the ongoing import of polyester yarn for the next 2 and a half months. The 30 count poly spun yarn traded at ₹138-139 per kg (GST additional) and the 40 counts poly spun yarn at ₹152-154 per kg. The 30 viscose compact yarn (regional) was priced at ₹204-205 per kg (GST additional) in Surat. In contrast, the Mumbai market saw a ₹2 per kg boost in imported vortex viscose yarn, which cost ₹182-187 per kg. Local ring spun yarn stayed constant at ₹197-198 per kg.
Recently, RIL set rates of PTA at ₹86.00 per kg (a boost of ₹2.50), MEG at ₹48.20 per kg (the same), and MELT at ₹90.35 per kg (a boost of ₹2.15). The brand-new rates of polyester basic materials worked from Saturday. For the 2nd half of July 2023, the business increased the rates of polyester staple fiber (PSF) by ₹2 to ₹102 per kg.
The cost of North Indian cotton increased due to greater need from spinning mills and a more powerful ICE cotton market. The rates increased by ₹25-30 per maund (37.2 kg). Trade sources reported that spinning mills were actively purchasing cotton due to greater need from the weaving market. The natural fiber was cost ₹5,875-5,975 per maund in Punjab, ₹5,650-5,750 per maund in Haryana, and ₹5,950-6,075 per maund in upper Rajasthan. In lower Rajasthan, the natural fiber traded at ₹55,000-56,500 per sweet (356 kg).
Fibre2Fashion News Desk (KUL)
This according to Fibre2Fashion’s Market Intelligence Tool – TexPro
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