The Ludhiana market witnessed a steady trend in cotton yarn prices. The market experienced limited trade in the last week of the current year. A trader from the Ludhiana market told Fibre2Fashion, “Slow demand from buyers in the last week is a factor for the market. But price disparity is a more serious concern. Large-sized textile mills are buying cotton from the global market and exporting cotton yarn.” He added that the Cotton Corporation of India (CCI) will corner a large quantity of cotton due to substantial procurement.
In Ludhiana, 30-count cotton combed yarn was sold at ₹257-267 (approximately $3.02-3.14) per kg (inclusive of GST); 20 and 25-count combed yarn were traded at ₹247-257 (approximately $2.90-3.02) per kg and ₹252-262 (approximately $2.96-3.08) per kg, respectively; and carded yarn of 30 count was noted at ₹237-242 (approximately $2.79-2.84) per kg today, according to trade sources.
The Delhi market also showed stability in cotton yarn prices. According to market sources, summer demand may improve in the new year. However, price disparity will remain a cause of concern for the Indian textile value chain. Heavy imports of cotton are a negative factor for the market.
In this market, 30-count combed knitting yarn was traded at ₹260-262 (approximately $3.06-3.08) per kg (GST extra), 40-count combed at ₹282-290 (approximately $3.31-3.41) per kg, 30-count carded at ₹237-239 (approximately $2.79-2.81) per kg, and 40-count carded at ₹262-265 (approximately $3.08-3.12) per kg today.
India’s home textile hub, Panipat, noticed a steady trend in recycled yarn, recycled polyester fibre, and cotton combers. However, manufacturers are looking to increase the prices of recycled polyester fibre as raw material costs have already risen. A trader from the market said that buyers are absent from the market. The same situation may continue for the next 8-10 days in the Panipat market. Adjacent mills in the home textile value chain have slowed down production activities during the current fortnight of New Year celebrations.
In Panipat, 10s recycled PC yarn (Grey) was traded at ₹78-82 (approximately $0.92-0.96) per kg (GST paid). Other varieties and counts included 10s recycled PC yarn (Black) at ₹53-56 (approximately $0.62-0.66) per kg, 20s recycled PC yarn (Grey) at ₹96-102 (approximately $1.13-1.20) per kg, and 30s recycled PC yarn (Grey) at ₹130-135 (approximately $1.53-1.59) per kg. Cotton comber prices were noted at ₹102-108 (approximately $1.20-1.27) per kg, and recycled polyester fibre (PET bottle fibre) was noted at ₹78-80 (approximately $0.92-0.94) per kg today.
In North India, cotton prices gained slightly since last Monday but eased today from the previous close. The prices remained range-bound due to two-directional pressure on the market. Traders said that cotton arrivals slowed down to below a mark of 20,000 bales of 170 kg in the region as farmers may hold more crop due to lower production. However, price disparity is making Indian cotton and yarn unattractive in the global market. The government procurement of seed cotton has prevented prices from coming down.
North India’s cotton arrival was 18,000 bales of 170 kg, comprising 1,000 bales in Punjab, 4,000 bales in Haryana, 6,000 bales in upper Rajasthan, and 7,000 bales in lower Rajasthan. Cotton prices in Punjab ranged from ₹5,510 to ₹5,520 (approximately $64.61-64.73) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,500 to ₹5,520 (approximately $64.49-64.73). In upper Rajasthan, cotton was priced between ₹5,520- ₹5,540 (approximately $64.73-64.96) per maund. In lower Rajasthan, it was priced at ₹52,500 to ₹53,500 (approximately $615.61-627.34) per candy of 356 kg, while seed cotton was priced at ₹7,000-7,400 (approximately $82.08-86.77) per quintal of 100 kg.
ALCHEMPro News Desk (KUL)
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