Cotton yarn prices dip in north India on weak demand

In Ludhiana, cotton yarn prices declined due to sluggish demand. Although the cotton arrival season is nearing its end, weak demand has failed to support a positive tone. A trader from the Ludhiana market told Fibre2Fashion, “India’s cotton prices are much higher than global levels, reducing the competitiveness of our cotton product exports. Cotton is also losing ground to polyester, as higher raw material costs are discouraging the production of cotton yarn, fabric, and garments.”

In Ludhiana, 30 count cotton combed yarn was sold at ₹256-266 (~$2.97-3.09) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹246-256 (~$2.86-2.97) per kg and ₹251-261 (~$2.92-3.03) per kg, respectively; and carded yarn of 30 count was noted at ₹236-241 (~$2.74-2.80) per kg today, according to trade sources.

The Delhi cotton yarn market also came under pressure amid growing uncertainty. While prices did not see a significant decline, mills and stockists are struggling to find potential buyers. Trade sources noted that the export demand for cotton products, including garments, is facing multiple challenges. The high cost of Indian cotton is one such issue. Additionally, the Iran-Israel conflict has dampened market sentiment, with concerns that shipping movements could be disrupted.

In Delhi, 30 count combed knitting yarn was traded at ₹260-261 (~$3.02-3.03) per kg (GST extra), 40 count combed at ₹285-286 (~$3.31-3.32) per kg, 30 count carded at ₹234-236 (~$2.72-2.74) per kg, and 40 count carded at ₹259-261 (~$3.01-3.03) per kg today.

In Panipat, India’s home textile hub, the recycled yarn market also witnessed slower buying. Rising geopolitical tensions have pushed up crude oil prices in recent weeks, which could influence polyester pricing. Export demand for home textiles and imports of textile waste (used for making recycled yarn) may also be impacted. Ankur Bansal, a trader from the Panipat market, told F2F, “The Panipat recycled yarn market is in a dilemma due to uncertainty in export demand. Although prices have remained steady, demand continues to weaken.”

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 ₹52-55 (~$0.60-0.64) per kg, 20s recycled PC yarn (Grey) at ₹101-103 (~$1.17-1.20) per kg and 30s recycled PC yarn (Grey) at ₹130-135 (~$1.51-1.57) per kg. Cotton comber prices were noted at ₹98-101 (~$1.14-1.17) per kg and recycled polyester fibre (PET bottle fibre) at ₹74-79 (~$0.86-0.92) per kg today.

Cotton prices in north India remained largely stable, with limited demand. The market experienced both slow demand and low supply. Traders reported that seed cotton arrivals from farmers are falling and expected to end within the next few days. However, slow procurement by spinning mills is failing to support market sentiment.

Cotton arrivals in north India totalled 700 bales (170 kg each), with 500 bales in Haryana and 200 in upper Rajasthan. No fresh arrivals were reported in lower Rajasthan or Punjab. Cotton prices ranged from ₹5,700 to ₹5,710 (~$66.23–66.35) per maund (37.2 kg) in Punjab; ₹5,515–5,575 (~$64.08–64.78) in Haryana; ₹5,680–5,760 (~$66.00–66.93) in upper Rajasthan; and ₹53,200–₹54,700 (~$618.32–635.59) per candy (356 kg) in lower Rajasthan.

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)