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Cotton yarn demand weak in north India, yet prices firm up in Delhi

Cotton yarn prices remained stable in the Ludhiana market after gains earlier this week. Spinning mills are cautious in placing fresh orders, with the market facing stiff competition from Chinese polyester fabric arriving in large volumes. A trader from Ludhiana told Fibre2Fashion, “Different variants of Chinese polyester fabric are eating into the cotton yarn market. Not only is it cheaper, but it also offers better finishing and touch-feel. Chinese fabric has captured around ** per cent of the Ludhiana market. Imported fabric is also a key reason behind the ongoing payment crisis in the cotton yarn trade.”

In Ludhiana, ** count cotton combed yarn was sold at &#****;***-*** (~$*.**-*.**) per kg (inclusive of GST); ** and ** count combed yarn were traded at &#****;***-*** (~$*.**-*.**) per kg and &#****;***-*** (~$*.**-*.**) per kg, respectively; and carded yarn of ** count was noted at &#****;***-*** (~$*.**-*.**) per kg today, according to trade sources.