North Indian cotton yarn witnesses sluggish demand, prices steady

In Ludhiana, cotton yarn demand remained sluggish. Domestic demand dropped as buyers shifted towards polyester. Uncertainty over garment export orders from the US also weighed on market sentiment. A trader from Ludhiana told Fibre2Fashion, “Cotton yarn demand was below average. Market sentiment is unlikely to improve very soon. Buyers preferred to adopt a wait-and-watch approach.”

In Ludhiana, 30 count cotton combed yarn was sold at ₹255-265 (~$2.97-3.09) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹245-255 (~$2.86-2.97) per kg and ₹250-260 (~$2.91-3.03) per kg, respectively; and carded yarn of 30 count was noted at ₹235-240 (~$2.74-2.80) per kg today, according to trade sources.

The Delhi market also witnessed stable cotton yarn prices amid weak demand. Market sources stated that buyers were hesitant to place new orders due to uncertainty over finished goods. Despite sluggish demand, cotton yarn prices remained steady, supported by firm cotton prices. Spinning mills are struggling to maintain margins due to rising cotton costs.

In Delhi, 30 count combed knitting yarn was traded at ₹255-256 (~$2.97-2.98) per kg (GST extra), 40 count combed at ₹280-281 (~$3.26-3.27) per kg, 30 count carded at ₹229-231 (~$2.67-2.69) per kg, and 40 count carded at ₹254-256 (~$2.96-2.98) per kg today.

The recycled yarn market in Panipat saw a shortage of raw materials and sluggish demand. Prices of recycled yarn remained mostly unchanged as demand from the downstream industry stayed weak. However, mills are facing a shortage of rugs and textile waste due to strict government scrutiny. Panipat’s home textile industry uses both domestic and imported waste, including from Bangladesh and European countries.

In Panipat, 10s recycled PC yarn (Grey) was traded at ₹75-78 (~$0.87-0.91) per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹60-65 (~$0.70-0.76) per kg, 20s recycled PC yarn (Grey) at ₹101-103 (~$1.18-1.20) per kg and 30s recycled PC yarn (Grey) at ₹130-135 (~$1.52-1.57) per kg. Cotton comber prices were noted at ₹98-101 (~$1.14-1.18) per kg and recycled polyester fibre (PET bottle fibre) at ₹76-80 (~$0.89-0.93) per kg today.

In north India, cotton prices remained steady on Monday after rising late last week. Prices increased by around ₹20–50 per maund of 37.2 kg. Traders noted significant price variation across north Indian states. Stocked cotton was sold at higher prices in Rajasthan and Punjab, whereas prices were relatively lower in Haryana due to the prevalence of running cotton.

Cotton arrivals in north India fell to negligible levels, with total arrivals estimated at just over 200 bales across the region. Only stocked cotton is currently being traded, and both ginners and stockists have very limited supplies as the Cotton Corporation of India (CCI) remained the dominant buyer this season. Cotton prices in Punjab ranged from ₹5,810 to ₹5,820 (~$67.74–67.86) per maund; in Haryana, ₹5,570–5,630 (~$64.94–65.65); in upper Rajasthan, ₹5,730–5,870 (~$66.81–68.44). In lower Rajasthan, prices stood at ₹53,600–₹55,300 (~$624.94–644.78) per candy of 356 kg.

Disclaimer: The prices in this article are based on market sources and hence, readers are recommended to do their own research before making any decision. The publisher and their affiliates are not liable for any inaccuracies or actions taken based on this information.

ALCHEMPro News Desk (KUL)