Cotton yarn prices stable in north India; export orders up in Delhi

The Ludhiana market noted stable prices of cotton yarn amid limited buying. The market did not see any improvement in buying from the weaving industry. The market was facing weak demand because of heavy imports of fabric. A trader from the Ludhiana market told Fibre2Fashion, “Chinese fabric was hurting the domestic spinning and weaving industry. Cheaper imported fabric became a hot product for the market. Liquidity was flowing out to the Chinese market because importers prefer to roll over the business of imported fabric. It has created a payment crisis to some extent.” 

In Ludhiana, 30 count cotton combed yarn was sold at ₹265-275 per kg (GST inclusive); and 20 and 25 count combed yarn were traded at ₹255-265 per kg and ₹260-270 per kg respectively. Carded yarn of 30 count was noted at ₹245-250 per kg, according to Fibre2Fashion's market insight tool TexPro. 

The Delhi market also registered stability in cotton yarn prices. The market noted slightly better demand from the garment industry as it has received better export orders. A trader from the Delhi market told F2F, “Although domestic demand for garments was still weak. But exporters have received better orders from the global market. It improved demand as well as market sentiments. Buyers were keen to buy cotton yarn so they can fulfil their stocks.” 

In Delhi, 30 count combed yarn was traded at ₹267-272 per kg (GST extra), 40 count combed at ₹297-302 per kg, 30 count carded at ₹237-242 per kg, and 40 count carded at ₹267-272 per kg, as per TexPro. 

India's home furnishing hub Panipat did not see an improvement in the demand for recycled yarn. Local festival demand was also weak. A trader said that downstream industries have huge stocks to fulfil any demand. Lower demand did not support market sentiments. In Panipat, 10s recycled PC yarn (Grey) was traded at ₹77-82 per kg (GST paid). 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 were hovering at ₹124-125 per kg. Recycled polyester fibre (PET bottle fibre) noted at ₹78-80 per kg. Recycled polyester fibre improved ₹2-3 per kg because virgin fibre and raw materials prices were raised by major players. 

North Indian cotton prices continued to notice a declining trend due to weaker demand from spinning mills. Cotton arrival increased in Punjab and Haryana because new cotton arrived in all the states of north India. Cotton arrival increased to 2,500-2,700 bales of 170 kg. Out of it, Haryana recorded an arrival of 1,800-2,000 bales including new arrival of 1,200 bales. There was an arrival of 500 bales in Rajasthan including a new arrival of 300 bales. Punjab received an arrival of 100 bales new cotton. 

Cotton was traded in Punjab at ₹5,800-5,900 per maund of 37.2 kg, Haryana ₹5,725-5,825 per maund, and upper Rajasthan ₹6,000-6,125 per maund. New cotton was sold at ₹5,925-5,950 per maund in north India. It was sold at ₹57,500-59,000 per candy of 356 kg in lower Rajasthan. 

ALCHEMPro News Desk (KUL)