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North Indian cotton yarn prices continue to be stable; sentiments weak

18 Dec '23
4 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Cotton yarn prices in Ludhiana and Delhi are stable due to low demand, with no increase despite strong demand for polyester-cotton (PC) yarn in summer garment production.
  • Export demand remains weak, impacting prices.
  • In Panipat, recycled yarn and raw material prices are stable, reflecting sluggish textile demand.
  • Cotton prices in north India are steady.

*.*pt"> Polyester-cotton yarn demand remains strong amid the summer garment production boost, but cotton yarn prices are stable due to sluggish demand, especially in the Ludhiana and Delhi markets. Weak export demand is a key concern. Globally, cotton garments are more affordable than domestically, yet there&#**;s no uptick in global demand. Major European and US importers are buying fewer garments and textiles. In Panipat, recycled yarn and raw material prices are stable, mirroring weak downstream textile demand. 

*.*pt"> In the Ludhiana market, cotton yarn prices remained stable as demand from the weaving industry was still not encouraging. Although PC yarn demand was better, it could not support cotton yarn because diverting demand from PC to cotton was not feasible. A trader from the Ludhiana market told Fibre2Fashion, “PC yarn has seen strong demand due to the ramp-up in summer season garment manufacturing. However, cotton yarn prices have not seen any improvement. They will only find support when export demand increases.” 

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