Cotton yarn prices steady in north India amid thin trade, fibre falls

In Delhi, cotton yarn prices were quoted at previous level. Buying was negligible as buyers were absent in last week of December. A trader from Delhi market told Fibre2Fashion, “The West, which is a major buyer of Indian textiles, celebrates year end for at least 15-20 days. Their holidays will only end in the first week of January. Indian traders and businesses were silent and there was festive mood in the market. Cotton prices will remain stable till the beginning of new year.” In the market, 30 count combed yarn was traded at ₹285-290 per kg (GST extra), 40 count combed at ₹315-320 per kg, 30 count carded at ₹260-265 per kg and 40 count carded at ₹295-300 per kg, according to Fibre2Fashion’s market insight tool TexPro.

Ludhiana market also noted steady trend in cotton yarn prices. The market witnessed thin trade as buyers were absent during the Christmas week. A trader from Ludhiana market said that trading activities will improve only in next year. On steep fall in cotton prices, trade sources said that “spinning mills and traders will try to maintain yarn prices to increase their margin. However, demand in next week will determine yarn prices.” 30 count cotton combed yarn was sold at ₹280-290 per kg (GST inclusive) as per TexPro. 20 and 25 count combed yarn were traded at ₹270-280 per kg and ₹275-285 per kg respectively. Carded yarn of 30 count steadied at ₹255-265 per kg.

Panipat’s recycled yarn market too witnessed silent tone in trade and prices. There was thin trade in the market. Traders were waiting for cooling down in comber prices after decline in cotton. Panipat’s home textile industry is facing scarcity of raw materials like comber and textile waste. Recycled yarn prices were stable in the market. 10s recycled yarn (white) was traded at ₹90-95 per kg (GST Extra). 10s recycled yarn (coloured - high quality) was traded at ₹105-110 per kg, 10s recycled yarn (coloured - low quality) at ₹80-85 per kg, and 20s recycled PC coloured (high quality) at ₹110-115 per kg. The price of 30s recycled PC coloured (high quality) was ₹150-155 per kg. 10s optical yarn was priced at ₹100-110 per kg in the market. Comber prices were noted at ₹150-155 per kg. The price of recycled polyester fibre (PET bottle fibre) was noted at ₹75-77 per kg.

Meanwhile, cotton prices declined by ₹500-600 per maund of 37.2 kg in north India because of fall in domestic futures, which had cues from Chinese cotton prices. The current COVID wave has disrupted normal life and business in the world’s second largest economy. According to local traders, cotton prices slipped because of worries of COVID-19, which is spreading in China at very fast pace. However, cotton arrival was still limited. The arrival dropped to 17,000 bales of 170 kg in north India. Cotton was traded at ₹5,800-5,900 per maund in Punjab, ₹5,650-5,750 per maund in Haryana and ₹5,800-5,900 per maund in upper Rajasthan. Cotton was sold at ₹55,000-56,500 per candy of 356 kg in lower Rajasthan.

Fibre2Fashion News Desk (KUL)