PC yarn prices ease in India as new cotton arrives; polyester stable

Polyester-cotton yarn market remained bearish today as the prices dropped further by RS 5-10 per kg, while poly spun and recycled polyester yarn continued to be sold at the previous prices. Traders said that PC yarn price declined as cotton prices fell due to the arrival of new cotton. Mills continue to feel the pressure due to lack of demand. 

According to trade sources, the market lacks confidence, which is why weaving industry and garment units are buying yarn in limited quantities. “Spinning mills are running at partial capacity of production so they can engage their workers. Poor demand and cheaper imports remained causes for concern for the market,” a Ludhiana based trader told Fibre2Fashion.

Polyester-cotton yarn fell by RS 5-10 per kg, as per trade sources. But poly spun and recycled yarn prices were stable in Ludhiana. 30 count PC combed yarn (48/52) was sold at RS 220-230 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 30 count PC carded yarn (65/35) was priced at RS 195-200 per kg. 20 count PC (recycled-O/E) PSF yarn (40/60) was traded at RS 160-170 per kg. 30 count poly spun yarn was sold at RS 152-162 per kg. Recycled polyester fibre (PET bottle fibre) was sold at RS 88-90 per kg. 

Reliance Industries Limited had earlier decreased prices of purified terephthalic acid, monoethylene glycol and MELT for the current week. On Friday, RIL fixed the prices as: PTA at RS 84.10 per kg, MEG at RS 56 per kg (-0.60) and MELT at ₹91.37 (-0.20) per kg. PSF was priced at RS 107 per kg for the current fortnight as the company slashed prices by RS 3 per kg. 

North Indian states noted a slightly upward trend in cotton prices as arrival remained stable. According to traders, cotton arrival was around 15,000 bales in the north Indian region. Cotton prices increased by RS 50 per maund of 37.2 kg. Cotton was traded at RS 7,100-7,150 per maund for ready delivery in Haryana, Punjab and Rajasthan.