In the Ludhiana market, PC yarn experienced a bearish tone, with costs trading lower by ₹3-4 per kg. The slow need from the weaving market added to the cost decrease. However, polyester spun yarn costs stayed constant. A trader from the Ludhiana market informed Fibre2Fashion, “The market observed poor need for PC yarn, which resulted in a decrease in costs. Although there was somewhat much better need for polyester spun yarn, its costs did not discover assistance.” Traders did not see any effect on polyester spun yarn following the execution of the QCO.
PC cotton yarn costs in Ludhiana reduced due to weak need, while polyester spun yarn stayed steady.
Surat market saw steady poly spun yarn costs, however viscose vertex yarn relieved in Mumbai.
Import of viscose vertex yarn might have a negative effect.
North Indian cotton costs recuperated after a decrease, with spinning mills purchasing however in little amounts.
In Ludhiana, the cost of 30 count PC combed yarn (48/52) relieved to ₹193-204 per kg (inclusive of GST); 30 count PC carded yarn (65/35) stayed steady at ₹185-190 per kg; and 30 count poly spun yarn traded progressively at ₹154-162 per kg (inclusive of GST). Recycled polyester fiber (animal bottle fiber) was priced estimate progressively at ₹71-74 per kg, according to Fibre2Fashion’s market insight tool TexPro.
The Surat market likewise experienced a consistent pattern in poly spun yarn. According to trade sources, the marketplace did not see any upward motion, however costs might increase in the coming weeks due to possible supply interruptions triggered by the QCO. The cost of 30 count poly spun yarn traded at ₹136-137 per kg (leaving out GST), while 40 count poly spun yarn traded at ₹150-152 per kg. In Surat, the cost of 30 count viscose compact yarn (regional) was kept in mind at ₹204-205 per kg (leaving out GST).
However, the Mumbai market experienced a reduction of ₹2-3 per kg in viscose vertex yarn. Imported vertex yarn was cost ₹180-185 per kg, while regional ring spun yarn stayed constant at ₹197-198 per kg. Traders said that importers have actually booked a big amount, and the costs of vertex viscose yarn might reduce even more when deliveries reach the Indian market.
Reliance Industries Limited (RIL) has actually set costs for PTA at ₹83.40 per kg (a boost of ₹0.90), MEG at ₹48.20 per kg (the same), and MELT at ₹88.11 per kg (a boost of ₹0.77). The rates of polyester basic materials worked last Saturday. For the very first fortnight of July 2023, the business kept the costs of polyester staple fiber (PSF) at ₹102 per kg.
After a decrease in the previous 2 days, north Indian cotton costs recuperated. The costs increased by ₹50-60 per maund of 37.2 kg due to strong signals from ICE cotton. According to trade sources, spinning mills were frequently buying cotton however not in big amounts as they did not anticipate substantial cost boosts. Natural fiber was traded at ₹5,825-5,925 per maund of 37.2 kg in Punjab, ₹5,625-5,725 per maund in Haryana, and ₹5,925-6,050 per maund in upper Rajasthan. In Lower Rajasthan, it was cost ₹54,500-56,000 per sweet of 356 kg.
Fibre2Fashion News Desk (KUL)
