The Ludhiana market witnessed average demand for cotton yarn. Its prices were hovering close to the previous close. The market is closely watching sentiments following the crackdown on Chinese fabric imports. A trader from the Ludhiana market told Fibre2Fashion, “If authorities continue to inspect imports of Chinese fabric, it will send a strong message against misdeclaration. Fabric imports may reduce to some extent, but they cannot be restricted completely. The cotton yarn market may receive indirect support as officials are primarily cracking down on synthetic fabric.”
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 a steady trend in cotton yarn prices. The weaving industry is selectively buying fabric for its immediate needs. According to market sources, there was no immediate reaction in the market after the seizure of Chinese fabric. However, if authorities continue to carry out such actions, it will send a strong message against illicit imports. This will boost the demand for domestic fabric over imports.
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 $3.27-3.36) per kg, 30-count carded at ₹237-239 (approximately $2.74-2.77) per kg, and 40-count carded at ₹262-265 (approximately $3.03-3.07) per kg today.
India’s home textile hub, Panipat, noticed slower demand for winter garments and blankets as temperatures increased in the north Indian states. This further led to weak demand for recycled yarn by the consumer industry. However, recycled yarn demand remained steady from the garment industry. A trader from Panipat said that slow demand from the home textile segment was offset by better buying from the garment industry. A greater focus on sustainability boosted the demand for recycled yarn. Cotton comber and recycled polyester fibre were also sold steadily.
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 follows: 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 $1.51-1.56) per kg. Cotton comber prices were noted at ₹102-108 (approximately $1.18-1.25) per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹81-84 (approximately $0.94-0.97) per kg today.
In North India, cotton prices remained steady amid average demand and supply. ICE cotton opened this week with a slight gain. Cotton arrivals were slightly up from last week. Traders said that spinning mills remained cautious about new purchases as they do not expect strong demand from the downstream industry. Cotton prices had seen a gradual decrease due to the fall in ICE cotton.
North India's cotton arrivals were 11,700 bales of 170 kg, comprising 700 bales in Punjab, 3,000 bales in Haryana, 5,000 bales in Upper Rajasthan, and 3,000 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 ₹5,540 to ₹5,560 (approximately $64.14-64.26). In Upper Rajasthan, cotton was priced between ₹5,565 and ₹5,585 (approximately $64.43-64.67) per maund. In Lower Rajasthan, it was priced at ₹52,800 to ₹54,200 (approximately $611.34-627.55) per candy of 356 kg. Seed cotton was priced at ₹7,200-7,600 (approximately $83.36-88.00) per quintal of 100 kg.
ALCHEMPro News Desk (KUL)
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