Cotton yarn demand average in north India, prices almost steady

The Ludhiana market saw a drop in cotton yarn prices, with rates decreasing by ₹2 per kg. However, demand from the downstream industry was consistent, albeit in limited quantities. A trader from the Ludhiana market told Fibre2Fashion, “The market displayed no signs of improvement, leading to the price reduction. Nevertheless, buyers were actively inquiring about prices.” 

The 30-count cotton combed yarn sold for ₹258-268 per kg (GST inclusive); 20 and 25 count combed yarn traded at ₹248-253 per kg and ₹253-258 per kg, respectively; and carded yarn of 30 count was noted at ₹238-248 per kg in Ludhiana, according to Fibre2Fashion’s market insight tool TexPro. 

The Delhi market also maintained steady cotton yarn prices, although traders exhibited optimism for better demand in the coming weeks. A Delhi market trader told F2F, "The domestic market is expected to see higher demand at the retail front due to upcoming festivas. The local market is projected to improve sentiments across the entire value chain. A higher MSP for cotton will also push the prices of various products within the value chain, motivating buyers to stock their raw materials.” 

However, cotton yarn prices did not experience any improvement in the Delhi market. The 30-count combed yarn traded at ₹260-262 per kg (GST extra), 40-count combed at ₹290-292 per kg, 30-count carded at ₹232-235 per kg, and 40-count carded at ₹262-265 per kg, as per TexPro. 

Panipat's recycled yarn market also saw average buying activity, and therefore, recycled yarn prices maintained their previous levels. The market is still awaiting increased buying from the downstream industry. The domestic peak season usually commences in the second half of the year, and traders are optimistic that the forthcoming festivals will boost market sentiment. Cotton comber also traded at previous prices. 

In Panipat, 10s recycled PC yarn (grey) traded at ₹77-82 per kg (GST paid), while other varieties and counts were noted at 10s recycled PC yarn (black) ₹50-54 per kg, 20s recycled PC yarn (grey) at ₹92-97 per kg, and 30s recycled PC yarn (grey) at ₹135-145 per kg. Comber prices hovered at ₹120-122 per kg. Recycled polyester fibre (PET bottle fibre) was priced at ₹70-72 per kg. 

North Indian cotton prices were slightly higher due to increased demand from spinners. Traders noted that spinning mills were actively buying cotton towards the end of the season as arrival quantities continue to decline. It was estimated that 600 bales of 160 kg each arrived in the north India region. The natural fibre traded at ₹5,825-5,925 per maund (37.2 kg) in Punjab, ₹5,600-5,700 per maund in Haryana, and ₹5,925-6,050 per maund in upper Rajasthan. In lower Rajasthan, the natural fibre sold for ₹54,500-56,000 per candy (356 kg). 

ALCHEMPro News Desk (KUL)