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Cotton yarn market bearish in north India; buzz of orders from China

The Ludhiana market reported a drop in cotton yarn prices, with a reduction of &#****;* per kg. The demand from the downstream industry remained sluggish. But there is potential for support from Chinese export orders for cotton yarn in the days to come. Gulshan Jain, a trader from the Ludhiana market, told Fibre2Fashion, “There were reports about cotton yarn export orders from China. Several mills have managed to secure orders from Chinese buyers. They purchase cotton yarn in line with the increase in ICE cotton prices.”  In Ludhiana, the **-count cotton combed yarn sold at &#****;***-*** per kg (GST inclusive), while the ** and **-count combed yarn traded at &#****;***-*** per kg and &#****;***-*** per kg respectively. Carded yarn of **-count was noted at &#****;***-*** per kg, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro. 

In the Delhi market, the cotton yarn prices remained steady. The market sentiment was weaker due to poor demand from the consumer industry. A trader from the Delhi market told F*F, “Weaving and finishing activities may be affected in north India due to rains. Some areas of Ludhiana, which house several dyeing units, were forced to close as the nearby drainage system flooded. This could negatively impact market sentiments as the weaving industry could further slow down after disruptions in the processing industry.”