Cotton yarn prices hold steady in north India ahead of fiscal-end

However, traders hold differing views on demand and potential price rises in the coming months due to uncertainty in global trade and expectations of increased cotton availability in the domestic market. The Panipat market for recycled yarn and its raw materials also witnessed limited demand amid stable prices. Market experts expect to see improved demand in the coming month.

The Ludhiana market showed price stability on the first day of the current week, which marks the last week of the fiscal. The market experienced slow to average demand from the downstream industry. A trader from the Ludhiana market told Fibre2Fashion, “Cotton yarn demand was not weak, but it remained average despite payment issues and the annual closing in the last week of the fiscal. Demand may improve further in April 2025, when the market could see stronger demand and a smoother flow of payments.”

In Ludhiana, 30 count cotton combed yarn was sold at ₹260-270 (approximately $3.04-3.15) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹250-260 (approximately $2.92-3.04) per kg and ₹255-265 (approximately $2.98-3.09) per kg, respectively; and carded yarn of 30 count was noted at ₹240-245 (approximately $2.80-2.86) per kg today, according to trade sources.

The Delhi market also observed stability in cotton yarn prices amid average demand. The market saw limited buying interest from the spinning industry. According to market sources, there are positive factors that may support cotton yarn prices in the coming month, although caution is advised as the Cotton Corporation of India (CCI) will continue selling cotton fibre regularly. The CCI holds a significant stock of 100 lakh bales (of 170 kg each).

In Delhi, 30 count combed knitting yarn was traded at ₹259-260 (approximately $3.02-3.04) per kg (GST extra), 40 count combed at ₹284-285 (approximately $3.32-3.33) per kg, 30 count carded at ₹233-235 (approximately $2.72-2.74) per kg, and 40 count carded at ₹258-260 (approximately $3.01-3.04) per kg today.

Recycled yarn and raw material prices also remained stable in Panipat, India’s home textile hub. According to market sources, the market is expected to see stronger demand next month, as bed sheet purchases will pick up ahead of the summer season. The demand for bed sheets primarily originates from the northern Indian states, especially Uttar Pradesh and Bihar.

In Panipat, 10s recycled PC yarn (Grey) was traded at ₹75-78 (approximately $0.88-0.91) per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹52-55 (approximately $0.61-0.64) per kg, 20s recycled PC yarn (Grey) at ₹95-99 (approximately $1.11-1.16) per kg and 30s recycled PC yarn (Grey) at ₹128-134 (approximately $1.49-1.56) per kg. Cotton comber prices were noted at ₹103-106 (approximately $1.20-1.24) per kg and recycled polyester fibre (PET bottle fibre) at ₹80-82 (approximately $0.93-0.96) per kg today.

In north India, cotton prices continued to decline as rates dropped by ₹30–40 per maund of 37.2 kg. A steep fall in ICE cotton discouraged local buying. Spinning mills remain cautious about new purchases. Traders said mills are not keen on buying cotton in the last week of the current fiscal, as they are preoccupied with annual closing and tax planning. Lower cotton arrivals failed to lift sentiment in the natural fibre market.

Cotton arrivals in north India were reported at 6,700 bales (of 170 kg), comprising 200 bales in Punjab, 3,000 bales in Haryana, 2,500 bales in upper Rajasthan, and 1,000 bales in lower Rajasthan. Cotton prices in Punjab ranged from ₹5,530 to ₹5,540 (approximately $64.56–64.68) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,450 to ₹5,470 (approximately $63.63–63.86). In upper Rajasthan, cotton was priced between ₹5,550–5,570 (approximately $64.79–66.03) per maund. In lower Rajasthan, prices stood at ₹52,500 to ₹53,600 (approximately $612.92–625.76) per candy of 356 kg. Seed cotton was priced at ₹7,100–7,250 (approximately $82.89–84.64) per quintal of 100 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)