25 Jan '23
(Fibre2Fashion News Desk (KUL): India’s polyester yarn prices increased amid improved buying. Polyester-cotton yarn was also sold for higher prices. Polyester value chain witnessed a better demand after a rise in polyester staple fibre (PSF) prices. Last week, Reliance increased the prices of PSF and its upstream raw materials. Higher crude oil prices are said to have pushed up polyester.
Polyester yarn prices increased by ₹3-4 per kg in major trading centres such as Ludhiana and Surat. Mills increased their selling prices after an increase in prices of PSF and upstream raw materials by RIL. “Costlier PSF motivated buyers to stock up on the goods. Extended winter also pushed polyester value chain up,” a trader from Surat told Fibre2Fashion.
Demand increases for cotton and viscose clothing in summer, while polyester is preferred during winter. Poly spun and PC yarn increased by ₹3-4 per kg in all major markets of the countries. 30 count PC combed yarn (48/52) was sold at ₹211-221 per kg (GST inclusive) in Ludhiana. 30 count PC carded yarn (65/35) was priced at ₹190-195 per kg. 30 count poly spun yarn was sold at ₹155-160 per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹82-84 per kg, according to Fibre2Fashion’s market insight tool TexPro.
In Surat, Gujarat, poly spun yarn was sold at higher prices. Demand from the downstream industry was stronger as the increase in PSF prices encouraged buyers to make new deals. Poly spun yarn gained ₹2-4 per kg. 30 count poly spun yarn was traded at ₹139-140 per kg (GST extra) and 40 count poly spun yarn at ₹154-155 per kg.
Reliance Industries Limited has increased the prices of purified terephthalic acid (PTA) and MELT for the current week. But monoethylene glycol (MEG) was kept unchanged. On Friday, RIL had fixed the prices as: PTA at ₹80.50 per kg (+3.00), MEG at ₹55.90 per kg and MELT at ₹87.80 (+2.58) per kg. RIL had increased the prices of PSF by ₹3 to ₹105 per kg for the current fortnight.
Cotton prices in north India eased by ₹100-150 per maund of 37.2 kg following limited buying by mills. Cotton arrival was also limited due to a decrease in cotton prices and the extended winter season. According to local traders, cotton arrival once again declined because farmers were discouraged by the falling prices of cotton.
Mills were cautious about buying due to the price disparity. Cotton arrival decreased to 17,000 bales of 170 kg each. The natural fibre was traded at ₹6,125-6,275 per maund in Punjab, ₹6,125-6,275 per maund in Haryana and ₹6,250-6,425 per maund in upper Rajasthan, and at ₹59,000-61,000 per candy of 356 kg in lower Rajasthan. (Source: Fibre2Fashion.com)