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Prices for polyester and blended yarns fell in China and then in India

The polyester value chain felt pressure as prices of raw materials such as PTA, monoethylene glycol (MEG) and MELT fell in China and then in India. Declining crude oil prices and weak demand from downstream industries have weakened market sentiment. As a result, prices for polyester and blended yarns have fallen by 5-10 pounds per kg in Ludhiana.

Ludhiana-based trader Ashok Shinharu said Fiber2Fashion, “Demand remained very weak because buyers did not want to take risks in the current volatile market. Uncertain market conditions and falling raw material prices have caused polyester and blended yarn prices to fall.” Prices have fallen by 5-10 pounds per kg in the last few days. Weak cotton also weakens the emotions of the polyester value chain. Singhal said prices for PTA, MEG and MELT fell further following the downtrend in China. Indian companies follow the Chinese price of these materials. Polyester staple fiber (PSF) could also be relaxed by 5-6 pounds per kg due to lower raw material prices.

The polyester value chain felt pressure as prices of raw materials such as PTA, monoethylene glycol (MEG) and MELT fell in China and then in India. Declining crude oil prices and weak demand from downstream industries have weakened market sentiment. As a result, prices for polyester and blended yarns have fallen by 5-10 pounds per kg in Ludhiana.

In the Ludhiana market, prices for polyester cotton blends and virgin and recycled polyester yarns have fallen by 5-10 pounds per kg. 30-count PC combed yarn (48/52) was sold for 280-295 pounds (including GST) per kg. Fibre2 Fashion’s market insight tool TexPro.. The price of a 30-count PC Card Yarn (65/35) was £ 260-270 per kg. A 20-count PC (recycle-O / E) PSF yarn (40/60) traded at £ 190-200 per kg. 30-count polyspan yarns sold for £ 185-195 per kg and 30-count recycled polyspan yarns for £ 170-175 per kg. The price of tough regenerated fiber was £ 95 per kg.

The price of PSF was stable at 131 pounds per kg. However, prices may rise next month. The fixed price of raw materials for Reliance Industries Limited, a leading Indian manufacturer, is £ 96.80 (-2.70) per kg for PTA, £ 58.50 (-5.10) per kg for MEG and £ 103.14 (-4.05) per kg for MELT. )is. TexPro.

Meanwhile, after a surge in futures trading, cotton prices in northern India rose £ 200-400 per 37.2 kg mound. According to traders, cotton sold at Bathinda for £ 8,800-9,200 per mound, Hisar for £ 8,400-8,800 per mound, and the Sri Ganganagar market for £ 9,000-9,200 per mound.

Fiber2Fashion News Desk (KUL)



Prices for polyester and blended yarns fell in China and then in India

Source link Prices for polyester and blended yarns fell in China and then in India

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