Ludhiana continued to see moderate demand for cotton yarn, with prices remaining steady. However, mills may increase their rates if demand improves. A Ludhiana-based trader told Fibre2Fashion, "Mills are eager to raise their selling rates, but demand is not supporting this move. The current festival demand for cotton yarn is over, and the market is now waiting to see the summer season demand."
In Ludhiana, 30 count cotton combed yarn was sold at ₹262-272 (approximately $3.14-3.26) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹252-262 (approximately $3.02-3.14) per kg and ₹257-267 (approximately $3.08-3.20) per kg, respectively; and carded yarn of 30 count was noted at ₹242-247 (approximately $2.90-2.96) per kg today, according to trade sources.
The Delhi market also experienced slow to moderate demand for cotton yarn, with no major price fluctuations over the past few days. According to trade sources, mills are under pressure due to weak export demand, with reluctance to supply textile products to Bangladesh. Additional issues in textile exports to neighbouring countries have further complicated matters. Domestic demand remains limited as buyers face cash flow challenges.
In Delhi, 30 count combed knitting yarn was traded at ₹267-270 (approximately $3.20-3.23) per kg (GST extra), 40 count combed at ₹289-297 (approximately $3.44-3.56) per kg, 30 count carded at ₹244-246 (approximately $2.92-2.94) per kg, and 40 count carded at ₹269-272 (approximately $3.22-3.26) per kg today.
In Panipat, India's home textile hub, demand for recycled yarn from home textile manufacturers remained sluggish. However, recycled yarn prices were stable due to demand from the garment sector. A trader from Panipat stated that overall demand for recycled yarn remained very slow, but the garment sector is emerging as a regular buyer due to increasing focus on sustainability and circularity.
In Panipat, 10s recycled PC yarn (Grey) was traded at ₹78-82 (approximately $0.93-0.98) per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹53-56 (approximately $0.63-0.67) per kg, 20s recycled PC yarn (Grey) at ₹96-102 (approximately 1.14-1.21) per kg and 30s recycled PC yarn (Grey) at ₹130-135 (approximately $1.56-1.62) per kg. Cotton comber prices were noted at ₹100-110 (approximately $1.20-1.32) per kg and recycled polyester fibre (PET bottle fibre) at ₹73-77 (approximately $0.87-0.92) per kg today.
In north India, cotton prices remained stable after a decline on Wednesday. Following Haryana, Rajasthan also began receiving small quantities of new cotton, though arrivals have not yet started in Punjab. Traders reported that spinning mills are eager to buy new cotton due to quality concerns with last year's crop. However, farmers are more interested in selling their remaining stock from last year. In total, 1,400 bales (each weighing 170 kg) of cotton were received in the north India region.
Haryana received around 1,000 bales of cotton, comprising 400 bales of new cotton and 600 bales of old cotton. Lower Rajasthan received around 300 bales of new cotton, while upper Rajasthan received 100 bales. In upper Rajasthan, there were no new arrivals in the main belt of Sri Ganganagar, though initial arrivals were noted in the eastern districts adjacent to Haryana.
Cotton prices in Punjab ranged from ₹5,815-5,820 (approximately $69.52-69.58) per maund (37.2 kg). In Haryana, new cotton was priced at ₹5,820-5,825 (approximately $69.58-69.64), while old cotton was priced at ₹5,715-5,720 (approximately $68.32-68.38). In upper Rajasthan, old cotton was priced between ₹5,450-5,835 (approximately $65.15-69.76) per maund. Bikaner line cotton was sold at ₹5,850-5,950 (approximately $69.94-71.13) per maund, and in lower Rajasthan, cotton was priced at ₹55,300-58,300 (approximately $661.10-696.97) per candy (356 kg).
ALCHEMPro News Desk (KUL)
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