PC yarn prices decreased by ₹5-15 per kg on Saturday in north India, according to market sources. It was due to fabric and garment manufacturers not being active for fresh buying as they are facing uncertain demand scenario. In addition, summer demand from local market is also not yet visible. Otherwise also, demand of PC fabric and garments remains subdued in summer season as buyers prefer cotton garments.
Cheaper cotton was also a reason for lower PC yarn prices, as production cost came down, a trader told Fibre2Fashion.
Meanwhile, PSF prices remained unchanged despite high crude oil prices. However, PSF prices are expected to go up by ₹3 per kg this week, as the price of raw material - melt – increased by ₹5 per kg due to higher crude oil prices. Traders feel that volatility in crude oil prices has dented confidence in textile market.
In Ludhiana, the country’s most prominent man-made yarn market, 30 count PC combed yarn (48/52) was sold at of ₹ 275-295 per kg, 30 count PC carded yarn (65/35) was priced at ₹245-250 per kg, and 20 count PC (recycled) yarn O/E (40/60) was traded at ₹223-225 per kg. Acrylic NM (2/48) was priced at ₹350-355 per kg, while Acrylic NM (2/32) at ₹290-295 per kg.
30 count PC combed yarn (48/52) eased down by ₹15 per kg, while 30 Count PC carded yarn (65/35) slipped by ₹5 per kg. Reliance Industries Ltd (RIL) maintained PTA at ₹84, MEG at ₹59.60 and PSF at ₹120 per kg. However, price of melt was increased by ₹5 to ₹97.50 per kg.
Fibre2Fashion News Desk (KUL)
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