Trader said Fiber2Fashion, “PC yarn prices have risen by 5 to 15 pounds per kg due to increased factory costing. Spinning mills are raising yarn prices as cotton is still touching new highs. Demand from the industry was average. However, the shift in consumption from pure cotton to polyester cotton could support market sentiment. Record high prices for cotton yarn are unbearable for the entire value chain. As a result, many clothing brands and unbranded manufacturers are shifting to PC yarn. “
In today’s North Indian market, more expensive cotton has pushed up the price of polyester cotton (PC) yarn as mill costing increases. Demand from the weaving industry remained average, but PC yarn prices rose by up to £ 15 per kg. Polyester spun fiber (PSF) remained stable, but the raw materials PTA and MEG surged. The price of acrylic yarn was also stable.
The Ludhiana market sold 30 counts of PC combed yarn (48/52) for £ 305-320 per kg (including GST). Fibre2 Fashion’s market insight tool TexPro.. The price of a 30-count PC Card Yarn (65/35) was £ 280-290 per kg. A 20-count PC (recycle-O / E) PSF yarn (40/60) traded at £ 200-205 per kg. 30-count polyspan yarn was sold for £ 190-200 per kg and 30-count polyspan yarn was recycled for £ 175-185 per kg. The price of Acrylic NM (2/48) was £ 330-340 / kg, while the price of Acrylic NM (2/32) was £ 280-290 / kg.
The price of PSF remained unchanged at £ 123 per kg. Reliance Industries Limited (RIL) sets fixed prices for raw materials as follows: TexPro..
In the world market, ZCE cotton yarn in May 2022 traded at RMB26,795 per ton at a high price of RMB120, and in September 2022 traded at RMB27,670 per ton for RMB100. ZCE cotton lost RMB90 to RMB21,225 per MT, and the September contract fell from RMB10 to RMB21,230 per MT.
ICE cotton futures settled higher in Tuesday’s session after falling in the previous session, tracking a rise in wider financial markets. The July ICE cotton contract rose 0.01 cents to 142.94 cents per pound. December contracts rose 0.54 cents to 124.17 cents per pound.
In North India, cotton prices remained strong for the second straight day due to strong demand from spinning mills, but daily cotton arrivals declined. Cotton futures were also available on local exchanges. In Punjab, cotton was estimated at £ 97,400 to £ 97,700 per 356 kg candy. In Haryana, cotton prices ranged from £ 96,000 to £ 97,600 per candy. In Upper Rajasthan, cotton sold from £ 97,600 to £ 97,750 per candy. In Lower Rajasthan, cotton prices ranged from £ 95,500 to £ 99,400 per candy.
Fiber2Fashion News Desk (KUL)
Expensive cotton pushes up the price of PC yarn in North India
Source link Expensive cotton pushes up the price of PC yarn in North India