Cotton yarn prices were hovering near the previous close in the Ludhiana market. Although demand from the consumer industry was normal, fabric imports are affecting yarn trade in the market. A trader from the Ludhiana market told Fibre2Fashion, “The quality of imported polyester fabric has improved, and it is matching the quality of polyester-cotton fabric. Such a diversion of buying is a negative factor for cotton yarn as well.” It is important to note that industry organisations are consistently demanding a curb on artificially cheaper fabric imported from other countries, especially from China.
In Ludhiana, 30-count cotton combed yarn was sold at ₹260-270 (approximately $3.01-3.12) per kg (inclusive of GST); 20 and 25-count combed yarn were traded at ₹250-260 (approximately $2.89-3.01) per kg and ₹255-265 (approximately $2.95-3.06) per kg, respectively; and carded yarn of 30-count was noted at ₹240-245 (approximately $2.78-2.83) per kg today, according to trade sources.
The Delhi market also observed steadiness in cotton yarn prices. The market saw average demand for cotton yarn from the consumer industry. According to market sources, summer demand is still limited in the market. Export demand for garments was also slow in Delhi NCR. The region and nearby areas house a large number of export-oriented textile units.
In this market, 30-count combed knitting yarn was traded at ₹260-262 (approximately $3.01-3.03) per kg (GST extra), 40-count combed at ₹282-290 (approximately $3.26-3.35) per kg, 30-count carded at ₹237-239 (approximately $2.74-2.76) per kg, and 40-count carded at ₹262-265 (approximately $3.03-3.06) per kg today.
India’s home textile hub, Panipat, noticed stability in recycled yarn prices. However, recycled polyester fibre increased by ₹1-2 per kg over the last couple of days. Cotton comber was sold steadily in the market. A trader from Panipat said that the region has been experiencing slow demand for retail products as the winter season is over now. Demand for the summer season is yet to pick up. The market is expected to see higher demand for recycled yarn for bed sheets. He also mentioned that recycled yarn manufacturers are unable to raise prices despite the higher cost of recycled polyester fibre, as there is stiff competition due to significant production capacity.
In Panipat, 10s recycled PC yarn (Grey) was traded at ₹78-82 (approximately $0.90-0.95) per kg (GST paid). Other varieties and counts were noted as 10s recycled PC yarn (Black) at ₹53-56 (approximately $0.61-0.65) per kg, 20s recycled PC yarn (Grey) at ₹96-102 (approximately $1.11-1.18) per kg, and 30s recycled PC yarn (Grey) at ₹130-135 (approximately $1.50-1.56) per kg. Cotton comber prices were noted at ₹102-108 (approximately $1.18-1.25) per kg, while recycled polyester fibre (PET bottle fibre) was noted at ₹81-84 (approximately $0.91-0.97) per kg today.
In North India, cotton prices decreased by ₹10-20 per maund of 37.2 kg over the last couple of days. The recent fall in ICE cotton dampened market sentiments in the domestic market. Traders said that higher arrivals of cotton also weakened market sentiments. However, weak global market trends discouraged spinning mills from buying cotton.
North India’s cotton arrival was 11,200 bales of 170 kg, comprising 700 bales in Punjab, 3,500 bales in Haryana, 4,000 bales in Upper Rajasthan, and 3,000 bales in Lower Rajasthan. Cotton prices in Punjab ranged from ₹5,570 to ₹5,580 (approximately $64.41-64.52) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,550 to ₹5,570 (approximately $64.18-64.41). In Upper Rajasthan, cotton was priced between ₹5,580 and ₹5,600 (approximately $64.52-64.75) per maund. In Lower Rajasthan, it was priced at ₹52,900 to ₹54,200 (approximately $611.69-626.73) per candy of 356 kg. Seed cotton was priced at ₹7,200-7,600 (approximately $83.26-87.88) per quintal of 100 kg.
ALCHEMPro News Desk (KUL)
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