Cotton yarn prices stable in north India amid average demand

The Ludhiana market witnessed average demand for cotton yarn from the consumer industry. Cotton yarn prices did not see significant movement. A trader from the Ludhiana market told Fibre2Fashion, “Domestic cotton was traded lower due to weakness in ICE. However, this trend was not reflected in cotton yarn prices. Stability in cotton yarn prices was not due to better demand, but spinners are trying to hold prices.”

In Ludhiana, 30 count cotton combed yarn was sold at ₹257-267 (approximately $3.03-3.15) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹247-257 (approximately $2.92-3.03) per kg and ₹252-262 (approximately $2.97-3.09) per kg, respectively; and carded yarn of 30 count was noted at ₹237-242 (approximately $2.80-2.86) per kg today, according to trade sources.

The Delhi market also witnessed steadiness in cotton yarn demand. According to market sources, spinning mills are claiming a very strong demand for cotton yarn. However, this is not the case in the current scenario. The Indian industry is facing slow buying from Bangladesh.

In Delhi, 30 count combed knitting yarn was traded at ₹260-262 (approximately $3.07-3.09) per kg (GST extra), 40 count combed at ₹282-290 (approximately $3.33-3.42) per kg, 30 count carded at ₹237-239 (approximately $2.80-2.82) per kg, and 40 count carded at ₹262-265 (approximately $3.09-3.13) per kg today.

India’s home textile hub, Panipat, saw weak demand for recycled yarn. Traders said that if demand from the domestic industry does not improve, its prices may fall in the coming days. Higher prices of recycled polyester fibre are also discouraging the consumer industry. Traders said that falling temperatures could improve demand for winter garments and blankets. However, heavy stock may continue to dampen market sentiments.

In Panipat, 10s recycled PC yarn (Grey) was traded at ₹78-82 (approximately $0.92-0.97) per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹53-56 (approximately $0.63-0.66) per kg, 20s recycled PC yarn (Grey) at ₹96-102 (approximately 1.14-1.21) per kg and 30s recycled PC yarn (Grey) at ₹130-135 (approximately $1.53-1.59) per kg. Cotton comber prices were noted at ₹100-102 (approximately $1.18-1.20) per kg. Recycled polyester fibre (PET bottle fibre) noted at ₹80-82 (approximately $0.95-0.97) per kg today.

In north India, cotton prices lost ₹20-30 per maund of 37.2 kg as the market took cues from weaker ICE cotton. Rising arrivals of the natural fibre are also a negative factor for the market. North India's cotton prices are unable to find support from procurement by the Cotton Corporation of India (CCI) as it has limited buying in the region. A trader stated that CCI is procuring cotton mainly in southern and western states. North India has limited production of cotton. Cotton prices slipped as mills are cautious about fresh buying of the natural fibre.

North India’s cotton arrival was 20,000 bales of 170 kg, comprising 1,000 bales in Punjab, 6,000 bales in Haryana, 6,000 bales in upper Rajasthan, and 7,000 bales in lower Rajasthan. Cotton prices in Punjab ranged from ₹5,590 to ₹5,610 (approximately $65.97-66.21) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,580 to ₹5,590 (approximately $65.85-65.97). In upper Rajasthan, cotton was priced between ₹5,590- ₹5,610 (approximately $65.97-66.21) per maund. In lower Rajasthan, it was priced at ₹53,300 to ₹54,300 (approximately $629.04-640.84) per candy of 356 kg, while seed cotton was priced at ₹7,100-7,500 (approximately $83.79-88.51) per quintal of 100 kg.

Disclaimer: The prices in this article are based on market sources and hence, readers are recommended to do their own research before making any decision. The publisher and their affiliates are not liable for any inaccuracies or actions taken based on this information.

Fibre2Fashion News Desk (KUL)