Foreign news on April 19 showed that the prices of polyester-cotton (PC) yarn and polyester yarn in India remained stable because the textile industry was not very active in new purchases.
Although export-oriented production activity may pick up by the end of April, buyers are not enthusiastic about potential purchases due to reduced orders.
Traders said that export orders for the new year are not encouraging. Reliance Industries Limited raised the price of polyester fiber by 2 rupees to 110 rupees per kilogram.
The market demand in Surat, Gujarat is sluggish, but prices are stable at previous levels. 30 count poly yarn is trading at 142-143 rupees per kilogram and 40 count poly yarn is trading at 158-159 rupees per kilogram. A Surat trader said: “Demand in the textile industry remains poor and buyers are reluctant to enter into new deals without certainty of fabric demand. If procurement improves, yarn prices will get a boost. Quality Control Order (QCO) The implementation failed to push up prices and may disrupt supply in the domestic market.”
PC yarn and polyester yarn prices in Ludhiana market remained stable, export-oriented Garment production activities are likely to start by the end of this month. However, export orders are not encouraging. A Ludhiana trader said: “Lower orders have inhibited buyers from purchasing raw materials. If new orders improve, yarn and fabric prices will be supported, but this will not happen in the near future.” PC yarn from China The import of polyester yarn is also eating into the demand of the upstream industry.
In Ludhiana market, the price of 30-count polyspun yarn is 155-163 rupees per kilogram. The price of 30-count PC combed yarn (48/52) is 220-230 rupees per kilogram, and the 30-count PC carded yarn (65/35) is priced at 202-212 rupees per kilogram. Recycled polyester fiber is quoted at Rs 77-80 per kg.
In the past two weeks, Reliance has raised the price of polyester staple fiber by 2 rupees to 110 rupees per kilogram.
Cotton prices in northern India strengthened, following the rise in domestic cotton futures.
Cotton prices increased by 20-40 rupees/moend compared with the previous day’s closing price.
Trading sources said that spot prices received support from cotton futures trends, and cotton futures prices rose in the MCX market. Multinational corporations are particularly active buyers because they must purchase to meet their supply commitments.
The arrival volume of cotton from northern India is limited to 7,000 bales (170 kg/bag). The price of Punjab cotton is 6300-6400 rupees/morund, the price in Haryana is 6350-6450 rupees/morund, the price in northern Rajasthan is 6550-6650 rupees/morund, and the price in southern Rajasthan is 61200-63000 rupees. Rupee/Kanti.
