Polyester yarn prices in India rise due to rising raw material costs

Foreign news on April 5th: In the past two weeks, the price of polyester yarn in India increased per kilogram due to rising raw material costs and the implementation of quality control orders (QCOs) on polyester fibers and other products. 2-3 rupees.

Trade sources said import supplies may be affected this month as many suppliers have not yet obtained BIS certification. The price of polyester-cotton yarn remained stable.

In the Surat market in Gujarat, the price of polyester yarn increased, and the price of 30-count polyester yarn increased by 2-3 rupees to 142-143 rupees per kilogram (excluding consumption tax) , the price of 40-count polyester yarn reached 157-158 rupees per kilogram.

A trader at the Surat market said: “Due to the implementation of the quality control order (QCO), imported goods were not shipped last month. There may be supply disruptions this month. , supporting market sentiment.”

Ludhiana market trader Ashok Singhal said: “The price of polyester yarn in Ludhiana also increased by 2-3 rupees/kg, although Demand is weak, but supply concerns support market sentiment. Due to the upward trend in raw material prices, polyester yarn prices have increased. After Ramadan, downstream industry consumption will pick up. The implementation of QCO has also led to an increase in polyester yarn prices.”

In Ludhiana, the price of 30-count polyester yarn is 153-162 rupees per kilogram (including excise tax), and the price of 30-count PC combed yarn (48/52) is 217-230 rupees per kilogram (including excise tax). , 30-count PC combed yarn (65/35) is 202-212 rupees per kilogram, and recycled polyester fiber is 75-78 rupees per kilogram.

Cotton prices in northern India fell due to the downward trend of ICE cotton futures. Cotton prices fell by Rs 40-50 per maund (37.2 kg) on Wednesday. Trade sources noted that the market was influenced by global cotton trends. Cotton demand from spinning mills remains unchanged as they do not have large inventories and have to keep buying cotton. The arrival volume of cotton from northern India reached 8,000 bales (170 kg/bundle).

In Punjab, cotton is traded at Rs 6,125-6,250 per maund, in Haryana at Rs 6,125-6,230 per maund, and in upper Rajasthan (upperRajasthan) at Rs 6,125-6,250 per maund. De 6370-6470 rupees, lower Rajasthan (lowerRajasthan) 59000-61000 rupees per 356 kg.

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