Lukewarm demand keeps cotton yarn prices steady in north India

Cotton yarn prices were hovering near the previous level in Ludhiana. A trader from this market told Fibre2Fashion, "Buyers were silent on new bookings. Slow demand from the garment industry and the closing week of the current fiscal discouraged buyers. Mills were not able to increase yarn prices despite the rise in cotton prices.”

In Ludhiana, 30 count cotton combed yarn was sold at ₹275-285 (approximately $3.32-3.44) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹264-275 (approximately $3.19-3.32) per kg and ₹271-281 (approximately $3.27-3.39) per kg, respectively; and carded yarn of 30 count was noted at ₹255-262 (approximately $3.08-3.16) per kg today, according to Fibre2Fashion's market insight tool TexPro.The Delhi market also noted steadiness in cotton yarn prices amid average demand from the downstream industry. A Delhi-based trader told F2F, “Cotton yarn prices remained at previous levels as demand and supply were also stable. Buyers normally slow down their buying in the final days of the fiscal.” In this market, 30 count combed yarn was traded at ₹275-280 (approximately $3.32-3.38) per kg (GST extra), 40 count combed at ₹300-305 (approximately $3.62-3.68) per kg, 30 count carded at ₹250-255 (approximately $3.02-3.08) per kg, and 40 count carded at ₹277-280 (approximately $3.25-3.38) per kg today, as per TexPro.

Panipat’s recycled yarn market continued to see lukewarm demand from the downstream industry. However, recycled yarn prices remained stable as mills were not willing to decrease prices. Traders said that the market did not see any significant change in the dynamics. However, cotton comber witnessed a rise of ₹4-5 per kg due to the rise in the natural fibre.

In Panipat, 10s recycled PC yarn (Grey) was traded at ₹76-80 (approximately $0.92-0.97) per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹51-54 (approximately $0.62-0.66) per kg, 20s recycled PC yarn (Grey) at ₹88-93 (approximately $1.06-1.12) per kg and 30s recycled PC yarn (Grey) at ₹133-142 (approximately $1.61-1.72) per kg. Cotton comber prices increased by ₹4-5 per kg to ₹120-122 (approximately $1.45-1.47) per kg. Recycled polyester fibre (PET bottle fibre) noted at ₹71-73 (approximately $0.86-0.88) per kg today, as per TexPro.

North India cotton prices steadied after a surge in the previous trading session. However, cotton prices increased by ₹150-200 per maund of 37.2 kg in the last one week. The increase in the prices of cotton in other markets of India and the world supported north Indian markets. Cotton arrivals decreased to 10,000 bales of 170 kg.

Today’s arrival was noted at 10,000 bales of 170 kg. State-wise arrivals were noted as Punjab 800 bales, Haryana 3,500 bales, upper Rajasthan 3,000, and lower Rajasthan 2,500 bales. Cotton prices in Punjab ranged from ₹6,150 to ₹6,200 (approximately $74.23-74.84) per maund of 37.2 kg, while in Haryana, prices ranged from ₹6,100 to ₹6,200 (approximately $73.63-74.84). In upper Rajasthan, cotton was priced between ₹6,025 and ₹6,225 (approximately $72.73-75.14) per maund. Bikaner line cotton sold for ₹6,225 to ₹6,325 (approximately $75.14-76.35) per maund. In lower Rajasthan, cotton was priced at ₹58,800 to ₹61,000 (approximately $709.76-736.31) per candy of 356 kg.

ALCHEMPro News Desk (KUL)