Ashwini Chhabra, a prominent trader from Ludhiana, told Fibre2Fashion that PC yarn prices did not witness price rise in the last one week as weak demand from fabric manufacturers did not support the market. But PC yarn may now see upside trend as crude oil price is rising due to recent geo-political developments.
Crude oil reacted sharply in international market as traders feared supply disruption from Russia, which is major supplier to the world market. The US and Europe have already started announcing sanctions against Russia.
“Earlier, PC yarn was getting support from the rise in cotton prices. But now the situation seems to have been reversed. Cotton and cotton yarn prices softened in the last two weeks. But PC yarn will find support from hike in crude oil prices, which will push up prices of cotton yarn also. However, subdued demand from garment manufacturers may affect market sentiments. PC yarn prices depend on the price fluctuation of polyester spun fibre and cotton. PSF prices were increasing regularly due to rise in crude oil. PSF has become costlier by about 8 per cent in February itself,” according to Chhabra
In Ludhiana, the country’s most prominent man-made yarn market, PC combed yarn (48/52) was sold at ₹290-300 per kg. PC carded yarn (65/35) was priced at ₹240-250 per kg, while PC (recycled) yarn O/E (40/60) was traded at ₹223-225 per kg. Acrylic NM (2/48) was priced at ₹340-345 per kg, and acrylic NM (2/32) at ₹280-285 per kg.
RK Vij, advisor (Polyester Business), at Indorama Synthetics (India) Ltd, the leading PSF producer in the country, told Fibre2Fashion that the prices of purified terephthalic acid (PTA) and monoethylene glycol (MEG) increase when prices of crude oil go up. This in turn increases the price of PSF. Indorama’s PSF (1.4 Denier) was currently ruling at ₹120 per kg, compared to ₹116 per kg on February 15 and ₹112 per kg on February 1, according to Fibre2Fashion’s market insight tool TexPro.
Fibre2Fashion News Desk (KUL)
Apparel/Garments | On 14th May 2022
Apparel exports from Turkiye increased by 18.06 per cent year-on-year ...
The US Federal Reserve recently said in its semi-annual financial...
IFC has partnered with HCM City Development Joint Stock Commercial...
Uniform designing is a numbers game
Increase foreign exchange and create jobs
Luxury is not just about high prices but ability to create desire
Columbia Sportswear Company connects active people with their passions...
<font face="Work Sans"><span style="font-size: 16px;">Twenty-five years...
Located near Milan, Italy, and with 50 years of experience in the textile...
Alexium International is a specialty chemical development company...
Since 1970, Italy-based company FARÈ has been designing and manufacturing...
Arevo, based in Silicon Valley in California, develops technology to...
Vidur Adlakha & Riccardo Bennidini La Fuori
With an active presence in US, Italy and India, clothing brand La Fuori...
Gauri Verma Label - The Jodi Life
THE JODI LIFE is an Indian fashion label that creates ready-to-wear for...
Based out of Mumbai, Mufti is a men’s clothing fashion brand. In an...
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
By submitting you confirm you have read our Terms & Conditions and Privacy Policy.