The Ludhiana market remained stable after an increase of ₹1 per kg at the beginning of this week. The market saw slow to average demand from the downstream industry. A trader from the Ludhiana market told Fibre2Fashion, “Cotton prices have seen a consistent rise in recent weeks, but this has not been passed on to yarn prices as demand has not been supportive. Cotton yarn prices may increase when payment flow improves, and buyers return for stocking.” The summer season may support cotton yarn prices in the coming months.
In Ludhiana, 30 count cotton combed yarn was sold at ₹260-270 (approximately $3.01-3.13) 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 $2.95-3.07) per kg, respectively; and carded yarn of 30 count was noted at ₹240-245 (approximately $2.78-2.84) per kg today, according to trade sources.
The Delhi market also witnessed stability in cotton yarn prices, with little buying interest from the consumer industry. According to market sources, people are busy with annual financial closing in the last fortnight of the current fiscal. Tight payment conditions have also reduced their buying capacity this month. The market may see a turnaround next month, but the current trend of stability is expected to continue for at least two more weeks.
In this market, 30 count combed knitting yarn was traded at ₹259-260 (approximately $3.00-3.01) per kg (GST extra), 40 count combed at ₹284-285 (approximately $3.29-3.30) per kg, 30 count carded at ₹233-235 (approximately $2.70-2.72) per kg, and 40 count carded at ₹258-260 (approximately $2.99-3.01) per kg today.
Recycled yarn and raw material prices also remained unchanged in India’s home textile hub, Panipat. According to market sources, the home textile sector is experiencing a lean season. However, bed sheet demand typically picks up from north Indian states during the summer season. Current tight payment conditions and annual financial closing are hurting market sentiment. Recycled yarn prices may improve in the coming months. There was slightly better demand for recycled polyester fibre, as a shortage of PET bottles is supporting its demand from the consumer industry.
In Panipat, 10s recycled PC yarn (Grey) was traded at ₹75-78 (approximately $0.87-0.90) per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹52-55 (approximately $0.60-0.64) per kg, 20s recycled PC yarn (Grey) at ₹95-99 (approximately 1.10-1.14) per kg and 30s recycled PC yarn (Grey) at ₹128-134 (approximately $1.48-1.55) per kg. Cotton comber prices were noted at ₹103-106 (approximately $1.19-1.23) per kg and recycled polyester fibre (PET bottle fibre) at ₹80-82 (approximately $0.91-0.96) per kg today.
In north India, cotton prices further eased by ₹10 per maund of 37.2 kg as falling ICE cotton discouraged local buying. Spinning mills are already adopting a cautious approach amid slow demand from the downstream industry. The recent rise in cotton prices is also discouraging buying interest. Traders said that cotton prices may see a further upward trend, but this will depend more on the movement of global cotton prices.
North India’s cotton arrival was 7,200 bales of 170 kg, comprising 200 bales in Punjab, 3,000 bales in Haryana, 3,000 bales in upper Rajasthan, and 1,000 bales in lower Rajasthan. Cotton prices in Punjab ranged from ₹5,560 to ₹5,570 (approximately $64.38-64.49) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,520 to ₹5,540 (approximately $63.91-64.14). In upper Rajasthan, cotton was priced between ₹5,560 and ₹5,580 (approximately $64.38-64.61) per maund. In lower Rajasthan, it was priced at ₹52,800 to ₹53,900 (approximately $611.38-624.08) per candy of 356 kg. Meanwhile, seed cotton was priced at ₹7,100-7,450 (approximately $82.21-86.26) per quintal of 100 kg.
ALCHEMPro News Desk (KUL)
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