The Ludhiana market observed no major change in trading dynamics, with cotton yarn prices hovering around previous levels. A trader from the Ludhiana market told Fibre2Fashion, “Spinning mills are more dependent on domestic demand. Summer demand is still slow. Mills are trying to hold cotton yarn prices despite a fall in natural fibre prices.”
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 witnessed a similar market trend. Cotton yarn was traded at previous levels. According to market sources, there was no change in the flow of demand. The year-end factor was also causing thin trading activities. Therefore, demand may improve in the second week of January next year. Summer demand will provide sustainable support to the market.
In Delhi, 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 saw a decrease in cotton comber prices, which is a raw material for towels and other home textiles. Cotton comber prices fell by ₹2-3 per kg in the last couple of days. Recycled polyester fibre remained stable, but manufacturers and stockists are feeling pressure due to slow demand. Recycled yarn prices were also steady in the market as sentiments remained bearish. Traders said that retail demand for home textile products is very slow. Therefore, the entire value chain has witnessed slow trading and manufacturing activities. However, demand for winter garments and blankets is strong. It may improve payment conditions in the market.
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 were noted at 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. Recycled polyester fibre (PET bottle fibre) noted at ₹78-80 (approximately $0.92-0.94) per kg today.
In north India, cotton prices continued to record a bearish tone as buyers remained silent amid a fall in ICE cotton. Domestic cotton prices further eased by ₹25-30 per maund of 37.2 kg. Traders said that large mills are importing cheaper cotton from Brazil because of higher prices in the domestic market. The continued decline in ICE cotton is a discouraging factor for buyers. Although, seed cotton prices maintained previous levels as the Cotton Corporation of India (CCI) is buying cotton at MSP regularly. Seed cotton prices are quite higher than the MSP fixed by the government.
North India’s cotton arrival was 22,500 bales of 170 kg, comprising 1,500 bales in Punjab, 6,000 bales in Haryana, 8,000 bales in upper Rajasthan, and 7,000 bales in lower Rajasthan. Cotton prices in Punjab ranged from ₹5,515 to ₹5,525 (approximately $64.83-64.95) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,500 to ₹5,510 (approximately $64.65-64.77). In upper Rajasthan, cotton was priced between ₹5,520 and ₹5,530 (approximately $64.89-65.00) per maund. In lower Rajasthan, it was priced at ₹52,500 to ₹53,500 (approximately $617.14-628.89) per candy of 356 kg. Seed cotton was priced at ₹7,000-7,300 (approximately $82.28-85.81) per quintal of 100 kg.
ALCHEMPro News Desk (KUL)
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