North India sees weak cotton yarn demand; prices stay flat

The Ludhiana market experienced slow to average demand amid stable cotton yarn prices. The market is witnessing weak demand from the consumer industry, primarily due to payment constraints. A trader from Ludhiana told Fibre2Fashion, “Slow demand in the downstream industry has dried up payment flow. There are indications of a bullish tone in cotton prices. If demand from the downstream industry improves, yarn prices may find strong support.”

In Ludhiana, 30 count cotton combed yarn was sold at ₹258-268 (approximately $3.01-3.13) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹248-258 (approximately $2.89-3.01) per kg and ₹253-263 (approximately $2.95-3.07) per kg, respectively; and carded yarn of 30 count was noted at ₹238-243 (approximately $2.78-2.83) per kg today, according to trade sources.

Cotton yarn demand was average in the Delhi market, with no change in prices. Market sources reported that the ban on yarn imports from India to Bangladesh via land routes was a major reason for the subdued demand. Garment export orders from Western countries have also been slow. However, there is hope that export orders will increase in the coming months if the geopolitical situation improves.

In Delhi, 30 count combed knitting yarn was traded at ₹260-261 (approximately $3.03-3.04) per kg (GST extra), 40 count combed at ₹285-286 (approximately $3.32-3.34) per kg, 30 count carded at ₹234-236 (approximately $2.73-2.75) per kg, and 40 count carded at ₹259-261 (approximately $3.02-3.04) per kg today.

India’s home textile hub, Panipat, also saw stable prices for recycled yarn. Cotton comber was traded at previous levels, but recycled polyester fibre eased by ₹1–2 per kg in the past week. Trade sources said the Panipat market continues to face poor demand from the home furnishing segment. Domestic retail demand has yet to improve, as the festival season begins only in the second half of the year. Export demand for home furnishing products has also been unsupportive for the recycled yarn market.

In Panipat, 10s recycled PC yarn (Grey) was traded at ₹75-78 (approximately $0.87-0.91) per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹52-55 (approximately $0.61-0.64) per kg, 20s recycled PC yarn (Grey) at ₹95-99 (approximately $1.11-1.15) per kg and 30s recycled PC yarn (Grey) at ₹128-134 (approximately $1.49-1.56) per kg. Cotton comber prices were noted at ₹108-110 (approximately $1.26-1.28) per kg and recycled polyester fibre (PET bottle fibre) at ₹75-78 (approximately $0.87-0.91) per kg today.

In north India, cotton prices hovered at previous levels amid limited trade. Private traders and ginning mills hold little stock in the current season. Textile companies are unable to secure sufficient supply in the open market. Trade sources said limited availability of cotton is supporting prices locally, but weakness in ICE cotton futures is negatively impacting market sentiment. Textile mills are increasingly reliant on the Cotton Corporation of India (CCI) for procurement through auction sales. Cotton arrivals remained below 1,000 bales of 170 kg.

North India’s cotton arrivals totalled 950 bales (170 kg each), comprising 50 bales in Punjab, 500 in Haryana, 300 in upper Rajasthan, and 100 in lower Rajasthan. Punjab reported no fresh arrivals. Cotton prices in Punjab ranged from ₹5,760 to ₹5,770 (approximately $67.19–67.31) per maund of 37.2 kg; in Haryana, ₹5,660–5,700 (approximately $66.03–66.49); in upper Rajasthan, ₹5,780–5,800 (approximately $67.43–67.66). In lower Rajasthan, prices were ₹54,400–₹55,700 (approximately $634.60–649.77) per candy of 356 kg.

Disclaimer: The prices in this article are based on market sources and hence, readers are recommended to do their own research before making any decision. The publisher and their affiliates are not liable for any inaccuracies or actions taken based on this information.

ALCHEMPro News Desk (KUL)