In the Ludhiana market, cotton yarn prices remained stable, albeit with sluggish demand. Mills and stockists were striving to maintain current prices. A trader from the Ludhiana market told Fibre2Fashion, “There was no surge in demand due to a bearish tone across the entire value chain. However, recent price increases in natural fibres kept prices stable.”
Cotton yarn market in north India is witnessing steady prices.
The recent rise in cotton prices has slightly increased buying in Delhi, while Ludhiana reports sluggish demand.
In Panipat, weak demand for recycled yarn has led to reduced production.
Stable but weak demand for cotton yarn and price increases are helping maintain current price levels.
In Ludhiana, 30-count cotton combed yarn sold for ₹260-270 per kg (GST inclusive); 20 and 25 count combed yarn traded at ₹250-255 per kg and ₹255-260 per kg, respectively; and 30-count carded yarn was priced at ₹240-250 per kg, according to TexPro, Fibre2Fashion’s market insight tool.
The Delhi market also reported a stable trend in cotton yarn prices. However, traders noted an improved market sentiment following increased purchases from the weaving industry. A trader from the Delhi market told F2F, “ICE cotton prices rose last week due to improved exports and reduced acreage reports in the US. This rise in ICE cotton bolstered the natural fibre last week. Anticipating price hikes, buyers stepped forward for new purchases.”
As per TexPro, 30-count combed yarn traded at ₹260-265 per kg (GST extra), 40-count combed at ₹285-290 per kg, 30-count carded at ₹232-237 per kg, and 40-count carded at ₹262-267 per kg.
Panipat’s recycled yarn market is grappling with prolonged weak demand, compelling roller spinners to scale down their production. Last week, roller spinners announced they would halt production on Fridays and Saturdays for the next month. They will review the situation and make decisions based on market conditions. Amid weak demand, recycled yarn prices remained stable.
In Panipat, 10s recycled PC yarn (grey) traded at ₹77-82 per kg (GST paid). Other varieties and counts, such as 10s recycled PC yarn (black), were priced at ₹50-54 per kg, 20s recycled PC yarn (grey) at ₹92-97 per kg, and 30s recycled PC yarn (grey) at ₹135-145 per kg. Comber prices hovered at ₹120-122 per kg, with recycled polyester fibre (PET bottle fibre) marked at ₹70-72 per kg.
North Indian cotton prices have stayed relatively steady after rising last week. Last week, stronger ICE cotton, which surpassed 80 US cents per pound, lent support to cotton prices. However, demand from local spinning mills remained extremely weak. As a result of poor demand from the weaving industry, spinners have had to cut production. The natural fibre was traded at ₹5,800-5,900 per maund of 37.2 kg in Punjab, ₹5,550-5,650 per maund in Haryana, and ₹5,900-6,000 per maund in upper Rajasthan. In lower Rajasthan, it sold for ₹54,500-56,000 per candy of 356 kg. The cotton arrival was reported at 900 bales of 170 kg.
Fibre2Fashion News Desk (KUL)
