June 16, 2022 Recycle polyester fibre and yarn are getting support in north Indian markets because buyers are looking for cheaper options. Traders said that the price of polyester yarn is likely to increase in the days to come as polyester stable fibre (PSF) and upstream raw materials are priced higher by market dominant Reliance Industries Limited (RIL). A Ludhiana based trader told Fibre2Fashion, “Polyester market is changing very fast. Buyers are shifting to cheaper raw material to keep production under control.” Recycled polyester fibre and yarn increased by ₹5-7 per kg in last couple of days. Another trader from Bhilwara told that buyers are more cost sensitive in current scenario. “Everyone is looking for cheaper options. Raw material prices have registered sharp rise, but buyers could not absorb the higher cost. Therefore, manufacturers are facing squeeze on margins.”
In Ludhiana market, prices of PC yarn and poly spun yarn remained steady. 30 count PC combed yarn (48/52) was sold at ₹295-305 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 30 count PC carded yarn (65/35) was priced at ₹280-290 per kg. 20 count PC (recycled-O/E) PSF yarn (40/60) was traded at ₹215-220 per kg. 30 count poly spun yarn was sold at ₹190-200 per kg, while 30 count recycled poly spun yarn at ₹172-177 per kg. 20 count PC (recycled-O/E) PSF yarn and 30 count poly spun yarn gained ₹5-7 per kg due to strong demand. Acrylic NM (2/48) was priced at ₹320-330 per kg, while acrylic NM (2/32) was at ₹275-285 per kg. High tenacity recycled fibre was priced at ₹102 per kg. Earlier, it was sold at ₹96 per kg.
The price of PSF has been increased by ₹5 to ₹131 per kg by India’s dominant manufacturer Reliance Industries Limited. The company increased prices of raw material as: PTA ₹104.50 (+7.50) per kg, MEG ₹63.60 (+1.70) per kg and MELT at ₹111.50 (+7.03) per kg, as per TexPro.
North India cotton prices noted mixed trend. The prices gained slightly in Punjab but remained steady in other northern states. Lower arrival and poor demand caused for thin trade in cotton. Cotton was sold at ₹10,500-10,800 per maund of 37.2 kg in Bathinda, ₹9,600-10600 in Hissar and ₹10,500-10,800 in Sriganganagar market.