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North India cotton yarn stable amid poor demand, uncertainty looms

18 Apr '23

4 min read

Pic: Shutterstock.com

Insights

Cotton yarn prices in north India remain stable, despite weak demand from the downstream industry.
The market faces uncertainty due to sluggish global buying, increased import of Chinese fabrics and garments, and increased spinning capacity.
Ludhiana and Delhi exhibit bearish tones, with concerns over weaker sentiments and excess production.

The Ludhiana market exhibited a bearish tone as cotton yarn demand remained weak. However, prices stabilised due to a slight increase in natural fibre. Market participants expressed concern over the significant import of fabrics and garments from China. Cotton yarn, an upstream component of the textile value chain, faced sluggish demand. A trader from the Ludhiana market told Fibre2Fashion, "The import of Chinese fabrics and garments is eroding the domestic yarn market. Imported fabrics and garments, which are increasing in polyester-cotton and poly-spun based garments, are being sold in the Indian market."

According to Fibre2Fashion&#**;s market insight tool TexPro, ** count cotton combed yarn was sold at &#****;***-*** per kg (GST inclusive) in the Ludhiana market. The ** and ** count combed yarn were traded at &#****;***-*** per kg and &#****;***-*** per kg, respectively. Carded yarn of ** count was noted at &#****;***-*** per kg.