• Linkdin

North India's cotton yarn market buoyant, Ludhiana sees price surge

11 Dec '23
3 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • The north Indian cotton yarn market saw increased demand, leading to higher prices in Ludhiana but stability in Delhi.
  • Panipat's recycled yarn prices remained stable but recycled PSF prices rose.
  • Cotton prices in north India stabilised, with domestic spot prices steady and arrivals totalling 26,000 bales across Punjab, Haryana, and Rajasthan.

The north India cotton yarn market experienced stronger demand, with buyers showing increased interest in purchasing raw materials. In Ludhiana, cotton yarn prices rose by ₹2 per kg, while in Delhi, they remained at previous levels. Traders reported positive market conditions, noting improved demand from the downstream industry across most northern markets. This optimism extended to expectations of enhanced liquidity, potentially further supporting market sentiments. In Panipat, recycled yarn prices remained stable, but recycled polyester staple fibre saw higher prices due to increased demand from the weaving industry. 

In Ludhiana, cotton yarn prices increased by ₹2 per kg due to strong demand from the weaving industry. A Ludhiana trader told Fibre2Fashion, “PC cotton yarn has already witnessed a significant price rise due to higher demand for the upcoming summer season. Now, demand for cotton yarn is also improving gradually. The recent increase in cotton prices contributed to the rise in yarn prices.” 

In Ludhiana, 30 count cotton combed yarn was sold at ₹252-262 per kg (GST inclusive); 20 and 25 count combed yarn were traded at ₹242-252 per kg and ₹247-257 per kg respectively; and carded yarn of 30 count was noted at 232-237 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

In contrast, the Delhi market showed a steadiness trend, with prices hovering at previous levels but with increased demand from the downstream industry. A Delhi trader told F2F, “Cotton yarn demand had yet to pick up in the domestic market, and export orders were still limited. However, improved demand for PC yarn was expected to enhance market liquidity.” In this market, 30 count combed yarn was traded at ₹250-255 per kg (GST extra), 40 count combed at ₹275-280 per kg, 30 count carded at ₹227-231 per kg, and 40 count carded at ₹252-255 per kg, according to TexPro. 

The recycled yarn market in Panipat saw steady prices, as demand from the downstream industry remained weak. However, recycled polyester staple fibre saw higher demand, leading to a price increase of ₹2-3 per kg in recent days. Trade sources indicated that a higher price gap with virgin PSF prompted the industry to increase the use of recycled fibre. This increased demand pushed prices higher. Fabric used for various home furnishing products saw better buying, but demand for recycled yarn remained weak. 

In Panipat, 10s recycled PC yarn (Grey) was traded at ₹74-78 per kg (GST paid), with other varieties and counts noted as follows: 10s recycled PC yarn (Black) at ₹49-52 per kg, 20s recycled PC yarn (Grey) at ₹85-90 per kg, and 30s recycled PC yarn (Grey) at ₹133-142 per kg. Cotton comber prices were at ₹112-114 per kg and recycled polyester fibre (PET bottle fibre) at ₹70-73 per kg. 

North Indian cotton prices stabilised as ICE cotton had settled lower in the previous week, but showed a positive trend on Monday. Traders reported that domestic spot prices of cotton were stable as mills were cautious with new purchases. Cotton arrivals in north India were 26,000 bales of 170 kg, with state-wise arrivals as follows: Punjab 3,000 bales, Haryana 8,000 bales, upper Rajasthan 8,000, and lower Rajasthan 7,000 bales. Cotton was priced in Punjab at ₹5,325-5,425, in Haryana at ₹5,300-5,400, in upper Rajasthan at ₹5,225-5,470 per maund of 37.2 kg, and in lower Rajasthan at ₹53,700-54,700 per candy of 356 kg. Shri Ganganagar region cotton traded ₹100-150 per maund lower due to poor quality. 

Fibre2Fashion News Desk (KUL)


This according to Fibre2Fashion's Market Intelligence Tool - TexPro

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search