Blended yarn prices remained relatively stable during the week in China, with a blend of polyester however declining. PC yarn prices also declined whereas viscose blended yarn prices were slightly rising in line with a sharper rise of VSF values. In India, blended spun yarn prices moved to lower levels over the weeks, partly due to weaker demand and a fall in cotton and polyester prices. In Pakistan, polyester-cotton yarn prices mostly rolled over for all major counts despite there being a sharp fall in cotton prices over the past 2-3 weeks.
The prices of polyester spun and polyester-cotton (PC) yarn have continued to fall in the Indian markets. This decrease is driven by cheaper raw materials and weak demand from the weaving industry. However, viscose yarn prices have remained stable due to limited supply. According to trade sources, the market for polyester, PC, and viscose yarn is currently experiencing a slowdown in demand. Domestic manufacturers have responded by reducing the prices of polyester staple fiber and its raw materials, bringing them in line with the global market.
The price of poly spun yarn also decreased by ₹2-3 per kilogram in the Surat market. Trade sources indicate that buyers have been very cautious about entering new deals. They are hesitant to use their liquidity to purchase yarn in large quantities. The 30-count poly spun yarn traded at ₹135-136 per kilogram (excluding GST), while the 40-count poly spun yarn was priced at ₹151-152 per kilogram.
The price of north Indian cotton has dropped due to weak demand from the spinning industry. Concerns stem from weakening sentiments in the textile value chain. The slow export and local demand for yarn have adversely affected the cotton market conditions. Prices have decreased by ₹150-200 per maund (approximately 37.2 kg) in the past few days. Cotton arrivals were recorded at 5,000 bales of 170 kg each in north India. Cotton was traded at ₹5,575-5,675 per maund in Punjab, ₹5,650-5,750 per maund in Haryana, and ₹5,975-6,100 per maund in upper Rajasthan and at ₹55,200-57,000 per candy (approximately 356 kg) in lower Rajasthan.
Indian polyester & PC yarn prices slump amid weak demand
