North India cotton yarn prices stable, but recycled yarn gains

Ludhiana market witnessed steadiness in cotton yarn prices amid average demand from the downstream industry. A trader from the Ludhiana market told Fibre2Fashion, “There was moderate demand for cotton yarn. Manufacturing activities may pick up next week, which may boost buying in cotton yarn. Mills were not feeling pressure, so they were not keen to offer lower prices. Market prices of cotton yarn are already hovering ₹10 per kg below than mill rates.” In Ludhiana, 30 count cotton combed yarn was sold at ₹274-284 (approximately $3.29-3.41) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹263-274 (approximately $3.16-3.29) per kg and ₹270-280 (approximately $3.24-3.36) per kg, respectively; and carded yarn of 30 count was noted at ₹254-261 (approximately $3.05-3.13) per kg today, according to Fibre2Fashion’s market insight tool TexPro.

Cotton yarn prices were noted at previous level in Delhi market also. Demand was not very encouraging from consumer industry, exporters and stockists. A trader from Delhi market told Fibre2Fashion, “Mills were trying to maintain yarn prices despite fall in cotton prices. They were focusing on increasing their margins as they had to face losses in the recent past.” In this market, 30 count combed yarn was traded at ₹278-281 (approximately $3.34-3.37) per kg (GST extra), 40 count combed at ₹303-308 (approximately $3.64-3.70) per kg, 30 count carded at ₹253-258 (approximately $3.04-3.10) per kg, and 40 count carded at ₹280-283 (approximately $3.36-3.40) per kg today.

However, Panipat’s recycled yarn market broke long silence as prices gained ₹2-3 per kg in the last couple of days. According to trade sources, there were expectations of better production activities from next week as Muslim workers will come back after festival holiday. Domestic demand may pick up for home textile products like curtains, bedsheets etc. In Panipat, 10s recycled PC yarn (Grey) was traded at ₹78-82 (approximately $0.94-0.98) per kg (GST paid). Other varieties and counts were noted as: 10s recycled PC yarn (Black) at ₹53-56 (approximately $0.64-0.67) per kg, 20s recycled PC yarn (Grey) at ₹90-95 (approximately $1.08-1.14) per kg and 30s recycled PC yarn (Grey) at ₹128-132 (approximately $1.54-1.58) per kg. Cotton comber prices were noted at ₹120-122 (approximately $1.44-1.46) per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹74-76 (approximately $0.89-0.91) per kg today, as per TexPro.

In north India, cotton prices further eased following the bearish tone in ICE cotton. The prices slipped ₹25-30 per maund of 37.2 kg today. Traders said that domestic cotton prices eased after continued fall in ICE cotton. However, the drop in Indian cotton prices was less compared to the drop in US cotton prices.

Today’s cotton arrival was noted at 4,500 bales of 170 kg. State-wise arrivals were noted as: Punjab 400 bales, Haryana 2,000 bales, upper Rajasthan 1,500 bales, and lower Rajasthan 600 bales. Cotton prices in Punjab ranged from ₹5,900 to ₹5,950 (approximately $79.76-71.36) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,850 to ₹5,950 (approximately $70.16-71.36). In upper Rajasthan, cotton was priced between ₹5,800 and ₹6,000 (approximately $69.56-71.96) per maund. Bikaner line cotton was sold for ₹6,000 to ₹6,075 (approximately $71.96-72.86) per maund. In lower Rajasthan, cotton was priced at ₹56,800 to ₹58,800 (approximately $681.21-705.20) per candy of 356 kg.

Disclaimer: The prices in this article are for guidance only. 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)