Geopolitical factors weigh on polyester and PC yarn prices in India

https://omg10.com/4/10736335

Prices of polyester, cotton and polyester yarns decreased ****;*–* per kg in the last week. After the ceasefire agreement, crude oil prices are falling. It will make polyester raw materials cheaper, which will cause a decrease in yarn. A trader from Ludhiana said Fiber*Fashion, “Buyers have largely stayed away from new purchases in anticipation of a drop in polyester yarn prices. Polyester fiber prices are expected to fall a ****;*–* per kg in the next review cycle. Processing industry participants also remained cautious and bought only to meet immediate needs. However, both virgin polyester fiber and recycled polyester fiber prices have remained stable over the past week.”

In Ludhiana, ** count combed thread PC (**/**) was traded in ****;***–*** (~$*.**–*.**) per kg (GST included); ** count carded yarn PC (**/**) in ****;***–*** (~$*.**–*.**) per kg (GST included); ** recycled polyester yarn ****;***–*** (~$*.**–*.**) per kg (GST additional); ** virgin polyester spun count ****;***–*** (~$*.**–*.**) per kg (GST included); recycled polyester fiber (PET bottle fiber) in ****;**–** (~$*.**–*.**) per kg and virgin polyester fiber a ****;*** (~$*.**) per kilogram.

The Surat market witnessed a drop in the prices of special polyester yarns, with the intermediate product becoming cheaper in ****;*–* per kilogram. Traders attributed the price decline mainly to weaker crude oil prices. Market confidence was further affected following the removal of the Quality Control Order (QCO). The lifting of the stay order by a bench of the Gujarat High Court has once again made polyester yarn imports and trade unrestricted in the country.

In the Surat market, ** Spun polyester yarn was sold in ****;***–*** (~$*.**–*.**) per kg (GST additional); ** count polyester thread in ****;***–*** (~$*.**–*.**) per kg; **/** fully drawn yarn (FDY) in ****;***–*** (~$*.**–*.**) per kg; **/** FDY in ****;***–*** (~$*.**–*.**) per kg and ** shiny thread on ****;***–*** (~$*.**–*.**) per kilogram.