Cotton yarn stable in north India, Bangladesh curbs bring no relief

The Ludhiana market remained steady after easing late last week. The market had recorded a decline of ₹2 per kg in cotton yarn last week. It is facing not only weak demand from the consumer industry but also pressure from weak ICE cotton prices. A trader from Ludhiana told Fibre2Fashion, “Market factors were not supportive of cotton yarn trade. India’s restriction on garment imports from Bangladesh via land routes also failed to improve sentiment. Heavy imports of Chinese fabric are eating into domestic cotton yarn demand.”

In Ludhiana, 30 count cotton combed yarn was sold at ₹258-268 (approximately $3.02-3.14) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹248-258 (approximately $2.90-3.02) per kg and ₹253-263 (approximately $2.96-3.08) per kg, respectively; and carded yarn of 30 count was noted at ₹238-243 (approximately $2.79-2.85) per kg today, according to trade sources.

The Delhi market also witnessed stable cotton yarn prices. The garment industry remained cautious in fabric buying, and export orders were limited, especially for small exporters who are struggling to secure new orders. Market sources said there is no hope for a revival in cotton yarn demand this month. Weakness in cotton prices further dampened demand from the consumer industry. Cotton prices fell last week, although they remained stable this week.

In Delhi, 30 count combed knitting yarn was traded at ₹260-261 (approximately $3.04-3.06) per kg (GST extra), 40 count combed at ₹285-286 (approximately $3.34-3.35) per kg, 30 count carded at ₹234-236 (approximately $2.74-2.76) per kg, and 40 count carded at ₹259-261 (approximately $3.03-3.06) per kg today.

India’s home textile hub, Panipat, was also facing a seasonal slowdown in demand. Payment issues and a labour shortage further discouraged the buying of recycled yarn. Recycled yarn prices remained stable, and raw material prices were also steady. Trade sources said increased production capacity has raised the supply of recycled yarn, resulting in higher competition and pressure on mills and stockists.

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 $1.50-1.57) per kg. Cotton comber prices were noted at ₹108-110 (approximately $1.26-1.29) per kg and recycled polyester fibre (PET bottle fibre) at ₹75-78 (approximately $0.88-0.91) per kg today.

In north India, cotton prices remained stable amid sluggish demand due to a weak opening for ICE cotton this week. Weak trading activity in downstream products like yarn and fabric further added to the challenges for the natural fibre. Trade sources said cotton prices were hovering near last week’s close. The market faced heavy pressure last week due to weak demand. However, rising cottonseed prices supported gains in seed cotton (Kapas).

North India’s cotton arrivals totalled 800 bales (170 kg each), comprising 500 bales in Haryana, 250 in upper Rajasthan, and 50 in lower Rajasthan. Punjab reported no fresh arrivals. Cotton prices in Punjab ranged from ₹5,740 to ₹5,750 (approximately $67.21–67.32) per maund of 37.2 kg; in Haryana, ₹5,570–5,620 (approximately $65.22–65.80); and in upper Rajasthan, ₹5,750–5,770 (approximately $67.32–67.56). In lower Rajasthan, prices stood at ₹54,200–₹55,300 (approximately $634.60–647.48) per candy of 356 kg. Seed cotton (Kapas) was traded at ₹7,600-7,900 (approximately $88.98–92.50) per quintal in the region.

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)