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North Indian cotton yarn demand may rise in April, prices steady

The Ludhiana market has remained stable in terms of cotton yarn prices, although a slight drop of &#****;*-* per kg was observed last week. Tight payment conditions and annual closing were major concerns for the cotton yarn market. A trader from the Ludhiana market told Fibre2Fashion, “Buyers are very cautious about fresh purchases. They are only buying cotton yarn to meet immediate needs as they do not want to tie up their funds in raw materials under the current circumstances. Although imported Chinese knitted fabric is arriving in the market after a slow release from ports following the payment of revised higher duties, its slow supply has not significantly influenced market sentiment.”

In Ludhiana, ** count cotton combed yarn was sold at &#****;***-*** (approximately $*.**-*.**) per kg (inclusive of GST); ** and ** count combed yarn were traded at &#****;***-*** (approximately $*.**-*.**) per kg and &#****;***-*** (approximately $*.**-*.**) per kg, respectively; and carded yarn of ** count was noted at &#****;***-*** (approximately $*.**-*.**) per kg today, according to trade sources.