Cotton yarn prices steady in north India; demand better in Delhi

Recycled yarn at Panipat witnessed a downward trend in prices due to excessive supply and lower demand. Cotton comber also took a dip in prices. But recycled polyester fibre (PET bottle fibre) increased to ₹102 per kg as more spinning mills shifted to cheaper recycled polyester fibre. Cotton yarn rates remained stable in Delhi and Ludhiana as demand was very weak. 

Delhi market experienced better buying from the weaving industry as buyers came ahead for buying after slight correction. A local trader told Fibre2Fashion, “Buyers were seen interested in fresh buying on limited scale. Cotton yarn prices can get support in future as spinners have reduced production.” Buyers are interested in buying while keeping this aspect in their mind. However, cotton yarn prices remained stable. According to traders, if the demand improves further, prices are likely to be supported. In Delhi, 30 count combed yarn was traded at ₹400-410 per kg (GST extra), 40 count combed at ₹440-455 per kg, 30 count carded at ₹360-365 per kg and 40 count carded at ₹400-405 per kg. 

Ludhiana market noted steady trend in cotton yarn prices amid buyers’ silence. According to traders, there is no improvement in sentiments. Buyers are least interested in buying, while mills are not interested in reducing their prices for selling. Stockists and traders are also waiting for buyers. In Ludhiana, 30 count cotton combed yarn was sold at ₹420-425 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 20 and 25 count combed yarn were traded at ₹410-415 per kg and ₹415-420 per kg respectively. Carded yarn of 30 count was quoted at ₹360-365 per kg. 

Panipat market noted bearish tone, however, yarn prices remained steady. Poor demand persisted as manufacturers of fabrics and home textile products are not getting new orders. Exports and local buying were very week. But yarn traders and mills have preferred to hold the prices at previous level after the downfall in the beginning of this week. Recycled polyester fibre (PET bottle fibre) was stable at ₹102 per kg. Earlier, it gained due to strong buying from spinners. 

In Panipat market, 10s recycled yarn (white) was traded at ₹92-105 per kg (excluding GST), 10s recycled yarn (coloured - high quality) at ₹140-145 per kg, 10s recycled yarn (coloured - low quality) at ₹95-105 per kg and 20s recycled high quality PC yarn (coloured) at ₹170-180 per kg. 10s optical yarn was traded at ₹125-130 per kg in the market. Comber was noted at ₹140 per kg. 

North India cotton prices remained steady amid limited buying from spinning mills. Cotton was sold at ₹10,400-10,700 per maund (37.2 kg) in Bathinda, ₹9,600-10,600 per maund in Hissar and ₹10,500-10,800 per maund in Sriganganagar market. 

ALCHEMPro News Desk (KUL)