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North Indian cotton yarn faces slow demand, recycled yarn prices drop

Additionally, the month of Ramadan may also contribute to slower yarn consumption, as workers remain on leave. Cotton yarn prices remained stable in Delhi and Ludhiana, but stockists are offering discounts on current prices to attract buyers. In Panipat, recycled yarn prices eased due to slow demand and payment constraints. However, recycled polyester fibre prices increased as manufacturers faced a shortage of raw materials. Cotton comber also faced slow demand, despite price stability.

The Ludhiana market saw stable prices amid slow demand from the consumer industry. Spinning mills were reluctant to reduce their selling prices, preferring to wait and observe market trends. A trader from the Ludhiana market told Fibre2Fashion, “The market continues to witness weak demand from the consumer industry. However, spinning mills remain hopeful for a price rise in the coming months. Several mills are comfortable with export orders, having secured them after the steep decline of the Indian rupee against the US dollar.”