India’s home textile hub, Panipat, saw a steep rise in recycled polyester fibre prices, which increased by ₹3 per kg in the last couple of days. The price hike was driven by a rise in virgin polyester fibre costs and higher exports of polyester flax. However, recycled yarn prices remained stable, and cotton comber was also traded at steady rates.
Ludhiana’s cotton yarn market experienced a ₹3 per kg price increase as mills shifted focus toward exports. Local demand was also satisfactory, with summer garment production gradually picking up. A trader from Ludhiana told Fibre2Fashion, “The recent decline in the rupee against the US dollar has improved the competitiveness of local spinning mills in the export market. Better export prospects have given them greater pricing power, leading to an increase in cotton yarn prices.”
In Ludhiana, 30 count cotton combed yarn was sold at ₹260-270 (approximately $3.00-3.12) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹250-260 (approximately $2.89-3.00) per kg and ₹255-265 (approximately $2.95-3.06) per kg, respectively; and carded yarn of 30 count was noted at ₹240-245 (approximately $2.77-2.83) per kg today, according to trade sources.
The Delhi market remained steady in cotton yarn prices, with demand also at an average level. According to market sources, the depreciation of the rupee cannot provide sustained support to the cotton yarn trade, as buyers demand price cuts to compensate for currency weakness. Any market improvement will depend on increased demand from the consumer industry.
In this market, 30 count combed knitting yarn was traded at ₹260-262 (approximately $3.00-3.03) per kg (GST extra), 40 count combed at ₹282-290 (approximately $3.26-3.35) per kg, 30 count carded at ₹237-239 (approximately $2.74-2.76) per kg, and 40 count carded at ₹262-265 (approximately $3.03-3.06) per kg today.
In Panipat, India’s home textile hub, recycled yarn prices remained stable. However, recycled polyester fibre surged by ₹3 per kg following a rise in virgin PSF prices. Major manufacturers in the country increased virgin polyester fibre prices by ₹1.5 per kg on Wednesday. A trader from Panipat attributed the increase in recycled polyester fibre prices to manufacturers’ price hikes, a shortage of PET bottles, and higher exports of polyester flax. Despite the rising production costs, recycled yarn prices remained unchanged.
In Panipat, 10s recycled PC yarn (Grey) was traded at ₹78-82 (approximately $0.90-0.95) per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹53-56 (approximately $0.61-0.65) per kg, 20s recycled PC yarn (Grey) at ₹96-102 (approximately 1.11-1.18) per kg and 30s recycled PC yarn (Grey) at ₹130-135 (approximately $1.50-1.56) per kg. Cotton comber prices were noted at ₹102-108 (approximately $1.17-1.25) per kg. The price of recycled polyester fibre (PET bottle fibre) was noted at ₹79-84 (approximately $0.91-0.97) per kg today.
In North India, cotton prices inched up further by ₹10 per maund (37.2 kg) as market dynamics remained positive. Traders noted that producers are not in a hurry to sell their crops, leading to limited arrivals, which the industry is consuming with ease. ICE cotton prices also supported local market sentiment, having risen yesterday, though the global market eased today. Meanwhile, ginners are purchasing seed cotton at higher prices, stockpiling in anticipation of further price increases in the coming months.
North India’s cotton arrival was 10,000 bales of 170 kg, comprising 500 bales in Punjab, 3,000 bales in Haryana, 3,500 bales in upper Rajasthan and 3,000 bales in lower Rajasthan. Cotton prices in Punjab ranged from ₹5,590 to ₹5,600 (approximately $64.59-64.71) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,580 to ₹5,590 (approximately $64.47-64.59). In upper Rajasthan, cotton was priced between ₹5,580- ₹5,600 (approximately $64.47-64.71) per maund. In lower Rajasthan, it was priced at ₹53,300 to ₹54,400 (approximately $615.86-628.57) per candy of 356 kg. While seed cotton was priced as ₹7,200-7,650 (approximately $83.19-88.39) per quintal of 100 kg.
Fibre2Fashion News Desk (KUL)