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North Indian cotton yarn steady; recycled PC yarn & fibre prices up

05 Sep '24
4 min read
North Indian cotton yarn steady; recycled PC yarn & fibre prices up
North Indian cotton yarn steady; recycled PC yarn & fibre prices up

Insights

  • North India cotton yarn prices remained steady in Delhi and Ludhiana due to average demand and rising cotton costs, which have increased production expenses.
  • Cotton prices have surged due to reports of crop damage in major producing states.
  • Panipat saw a rise in finer counts of recycled yarn prices amid festival demand.
  • Market confidence remains low.

Meanwhile, India’s home textile hub, Panipat, has seen an increase in the prices of finer yarn counts, driven by festival demand. Higher cotton prices have also pushed up the cost of comber in the market. Additionally, recycled polyester fibre prices have risen due to a shortage of PET bottle fibre.

In the Delhi market, cotton yarn prices remained stable amid limited buying activity. Market sentiment was weak as mills struggle to find buyers this festival season. A Delhi trader noted, “Spinning mills are relying more on domestic buyers since they are not receiving sufficient export orders. The recent rise in cotton prices has not supported gains in cotton yarn prices.”

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