NEW DELHI, Nov 30 (Commoditiescontrol) : India’s yarn is witnessing a structural shift due to fall in polyester value chain. Poly spun and polyester-cotton yarn fell in Ludhiana market by Rs. 2-5 per kg. Trade sources told that decline in polyester staple fibre (PSF) and recycled polyester fibre provided relief to the entire value chain. The industry is switching to polyester due to better margins.
According to trade sources, the industry is facing costlier cotton which is likely to come down. Spinning mills are facing difficulty as they are unable to raise yarn prices due to weak demand. While cheaper polyester fibre is providing much needed relief to the industry. A Mumbai based trader said that the businesses in textile value chain are getting better margin in polyester. Polyester and PC yarn traders are getting more than double margin in comparison of cotton yarn. PSF and recycled polyester witnessed constant fall due to international dynamics.
According to trade sources, poly spun and PC yarn eased ₹2-5 per kg in Ludhiana. While Surat market also noted bearish tone. 30 count PC combed yarn (48/52) was sold at ₹205-215 per kg (GST inclusive) in Ludhiana. 30 count PC carded yarn (65/35) was priced at ₹175-180 per kg. 20 count PC (recycled-O/E) PSF yarn (40/60) was traded at ₹150-155 per kg. 30 count poly spun yarn was sold at ₹151-157 per kg. Recycled polyester fibre (pet bottle fibre) noted at ₹77-79 per kg.
Recycled polyester fibre fell ₹2-4 per kg after cut in prices of virgin polyester stable fibre by Reliance Industries Limited.
In Surat market of Gujarat, 30 counts poly spun yarn was traded 135-136 per kg (GST extra) and 40 counts poly spun yarn Rs. 142-145 per kg.
Reliance Industries Limited had decreased prices of purified terephthalic acid (PTA), monoethylene glycol (MEG) and MELT for current week. On last Friday, RIL has fixed prices as: PTA ₹78.40 per kg (-1.40), MEG ₹52.20 per kg (-1.00) and MELT at ₹85.26 (₹-1.54) per kg. Earlier, RIL has reduced prices of PSF by ₹3 to ₹99 per kg for the next fortnight.
North Indian cotton prices gained at cotton future supported spot trade. According to local traders, the arrival is not going to improve in near future. It may be indications of lower yield and decline in total production in north India which will not let arrival to rise. Overall cotton arrival was 22,000 bales of 170 kg. The prices increased ₹50-150 per maund of 37.2 kg in last few days. Earlier, the prices had witnessed decline of ₹250-300 per maund due to higher arrival. The natural fibre was traded at ₹6,750-6,850 in Punjab, ₹6,600-6,700 in Haryana and ₹6,850-6,900 per maund in Upper Rajasthan. Cotton was sold at ₹65,500-67,500 per candy of 356 kg in Lower Rajasthan.
(By Commoditiescontrol Bureau)
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