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Cotton yarn remains bearish in north India, demand shifts to polyester

Meanwhile, the Panipat market has noticed stability in yarn prices, but there is still a shortage of comber and other raw materials. Despite a slight improvement in export orders, US buyers are placing orders in limited quantities, and the market remains challenging. 

Cotton yarn prices in the Ludhiana market fell due to slow buying from downstream industries and a shift towards polyester yarn. “Cotton yarn export demand could not pick up during the entire season as Indian exporters are unable to get orders due to costlier cotton. Demand from the downstream industry further slowed down as fabric and garment units are shifting towards polyester and PC based raw materials. The seasonal shift towards polyester and PC is also hurting the cotton yarn market,” a trader from Ludhiana market told Fibre2Fashion.