North India's cotton yarn market holds steady amidst export deals

In Ludhiana, the market noted a positive trend with an increase of ₹1-2 per kg as yarn prices recovered from last week’s fall. A trader from the Ludhiana market told Fibre2Fashion, “After securing export orders, mills were reluctant to cut domestic prices. The mills are reported to have sold 2-3 months' orders which increased confidence.” 

The 30count cotton combed yarn was sold at ₹262-272 per kg (GST included); and 20 and 25 count combed yarn were traded at ₹252-262 per kg and ₹257-267 per kg respectively in Ludhiana. Carded yarn of 30 count was noted at ₹242-247 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

The Delhi market noted steady prices of cotton yarn. There was limited but regular demand from the downstream industry. Limited buying was enough to give sellers a sense of confidence. A trader from the Delhi market told F2F, “Cotton yarn remained steady because of average demand and supply. The sentiments were not expected to take a turn around due to the domestic and global pessimistic scenario. The recent rise in cotton prices has put additional pressure on the cost of production.” 

In Delhi, 30 count combed yarn was traded at ₹267-272 per kg (GST excluded), 40 count combed at ₹297-302 per kg, 30 count carded at ₹237-242 per kg and 40 count carded at ₹267-272 per kg, according to TexPro. 

Panipat’s recycled yarn market witnessed no improvement in demand from the retail sector. However, recycled yarn, cotton comber, and recycled PSF prices remained stable. The yarn market witnessed a bearish tone amid slower demand from the downstream industry. In this market, 10s recycled PC yarn (Grey) was traded at ₹77-82 per kg (GST included). Other varieties and counts were noted at 10s recycled PC yarn (Black) ₹50-54 per kg, 20s recycled PC yarn (Grey) at ₹92-97 per kg and 30s recycled PC yarn (Grey) at ₹135-145 per kg. Comber prices were hovering at ₹133-135 per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹76-78 per kg. 

North India cotton prices were highly influenced by ICE cotton. Drought-like conditions in a few growing countries led to increased cotton yarn prices in the global market. New arrivals have further increased in north Indian states. But mills’ strong buying drove up prices. North India’s peak arrival is expected in the next 2-3 weeks. The arrival was estimated at 7,500 bales of 170 kg in the region. State-wise arrival was noted as Haryana 5,000 bales, Punjab 8,000 bales, upper Rajasthan 8,000 bales and lower Rajasthan 1,200 bales. New cotton has seen an upward trend in the last few days and has reached ₹6,290-6,300 per maund of 37.2 kg across north India. 

ALCHEMPro News Desk (KUL)