Cotton yarn prices stable in north India amid limited export demand

Cotton yarn prices have stabilised in north India amid limited export demand. The north Indian cotton yarn market is still awaiting higher demand. In Ludhiana and Delhi, cotton yarn prices remained stable. Trade sources indicate a robust seasonal demand for polyester-cotton yarn, driven by local demand for PC-based garments during the summer season. However, limited export orders have not improved sentiment in the cotton yarn sector. Premium cotton garments are more favoured in Western markets compared to local markets. In Panipat, prices for recycled yarn and raw materials remained steady, with the market experiencing subdued buying from the downstream industry. 

In the Ludhiana market, cotton yarn prices remained stable after rising at the beginning of the current week. There was an average demand from the weaving industry. A trader from the Ludhiana market told Fibre2Fashion, “Cotton prices may bottom out in the coming weeks, but they cannot see good support until there is a stronger export book. The stability in cotton prices also supported the stability in yarn prices.” 

In Ludhiana, 30 count cotton combed yarn was sold at ₹252-262 per kg (GST inclusive); 20 and 25 count combed yarn were traded at ₹242-252 per kg and ₹247-257 per kg respectively; and carded yarn of 30 count was noted at 232-237 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

In the Delhi market, a steady trend was also noted in cotton yarn prices. The prices remained at previous levels as there were no encouraging indications from the downstream industry. A trader from the Delhi market told F2F, “After the recent rise in cotton yarn demand, it has now steadied. Export orders for cotton garments are still limited. The spinning and weaving industries are waiting for higher demand from the garment industry.” In this market, 30 count combed yarn was traded at ₹250-255 per kg (GST extra), 40 count combed at ₹275-280 per kg, 30 count carded at ₹227-231 per kg, and 40 count carded at ₹252-255 per kg, as per TexPro. 

India's home textile hub, Panipat, experienced slow demand across the entire value chain. Buyers were very cautious about fresh purchases due to uncertainty regarding future demand. According to trade sources, there was no sign of improvement in the export demand for home textile products. The domestic demand for various home textile products was also limited. Recycled yarn and fibres traded steadily amid weak demand from the downstream industry. 

In Panipat, 10s recycled PC yarn (Grey) was traded at ₹74-78 per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹49-52 per kg, 20s recycled PC yarn (Grey) at ₹85-90 per kg and 30s recycled PC yarn (Grey) at ₹133-142 per kg. Cotton comber prices were noted at ₹112-114 per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹70-73 per kg. 

Cotton prices in north India remained range-bound amid average demand and procurement by the Cotton Corporation of India (CCI). According to traders, cotton prices have shown limited movement in the past couple of days. The prices did not fall despite higher arrivals and poor quality. Cotton arrival in north India was 31,000 bales of 170 kg. State-wise, arrivals were noted as: 5,000 bales in Punjab, 8,000 bales in Haryana, 10,000 bales in upper Rajasthan, and 8,000 bales in lower Rajasthan. Cotton was priced in Punjab at ₹5,325-5,425, in Haryana at ₹5,300-5,400, and in upper Rajasthan at ₹5,225-5,500 per maund of 37.2 kg. Shri Ganganagar line cotton traded ₹100-125 per maund lower due to poor quality. In lower Rajasthan, cotton was priced at ₹52,800-54,800 per candy of 356 kg. 

ALCHEMPro News Desk (KUL)