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North India cotton yarn prices stable, but recycled yarn gains

Ludhiana market witnessed steadiness in cotton yarn prices amid average demand from the downstream industry. A trader from the Ludhiana market told Fibre2Fashion, “There was moderate demand for cotton yarn. Manufacturing activities may pick up next week, which may boost buying in cotton yarn. Mills were not feeling pressure, so they were not keen to offer lower prices. Market prices of cotton yarn are already hovering &#****;** per kg below than mill rates.” 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 *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro.

Cotton yarn prices were noted at previous level in Delhi market also. Demand was not very encouraging from consumer industry, exporters and stockists. A trader from Delhi market told Fibre2Fashion, “Mills were trying to maintain yarn prices despite fall in cotton prices. They were focusing on increasing their margins as they had to face losses in the recent past.” In this market, ** count combed yarn was traded at &#****;***-*** (approximately $*.**-*.**) per kg (GST extra), ** count combed at &#****;***-*** (approximately $*.**-*.**) per kg, ** count carded at &#****;***-*** (approximately $*.**-*.**) per kg, and ** count carded at &#****;***-*** (approximately $*.**-*.**) per kg today.