Ludhiana market noticed drop in cotton yarn prices by ₹1-2 per kg in most counts and varieties. Demand from consumer industry remained slow as buyers’ interest decreased in March. Payment crisis also discouraged buying of cotton yarn. A trader from Ludhiana market told Fibre2Fashion, “Most of companies and traders shifted their focus to manage their books in the last month of current fiscal 2024-25. Buyers are also facing difficulty in placing new orders as they are not getting payment from their garment industry.”
In Ludhiana, 30 count cotton combed yarn was sold at ₹259-269 (approximately $2.97-3.09) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹249-259 (approximately $2.86-2.97) per kg and ₹254-264 (approximately $2.92-3.01) per kg, respectively; and carded yarn of 30 count was noted at 239-244 (approximately $2.74-2.80) per kg today, according to trade sources.
But cotton yarn was traded flat in Delhi market. It was also facing slow demand from downstream industry. According to market sources, stockists are not keen to sell their stock at lower prices. Cotton yarn prices were moving at the previous levels. There was average demand of cotton yarn in the national capital. The market may continue to see stable demand in coming few weeks.
In this market, 30 count combed knitting yarn was traded at ₹259-260 (approximately $2.97-2.98) per kg (GST extra), 40 count combed at ₹284-285 (approximately $3.26-3.27) per kg, 30 count carded at ₹233-235 (approximately $2.67-2.70) per kg, and 40 count carded at ₹258-260 (approximately $2.96-2.98) per kg today.
India’s home textile hub Panipat also noticed steadiness in recycled yarn prices after decline trend in last week. Its prices had come down ₹1-2 per kg due to slow demand and payment constraint. Raw material prices were also stable in the market. Manufacturers had increased prices ₹1-2 per kg as they are facing shortage of PET bottles. Traders said that current market sentiments are not encouraging for recycled yarn trade. PET bottle supplies reduced as cold drinks demand reduces in winter season. Exports of polyester chip also dried up supply of PET bottles.
In Panipat, 10s recycled PC yarn (Grey) was traded at ₹75-78 (approximately $0.86-0.90) 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 1.09-1.14) per kg and 30s recycled PC yarn (Grey) at ₹128-134 (approximately $1.47-1.54) per kg. Cotton comber prices were noted at ₹103-106 (approximately $1.18-1.22) per kg. Recycled polyester fibre (PET bottle fibre) noted at ₹79-83 (approximately $0.91-0.95) per kg today.
In North India, cotton prices edged up today after steep fall on Wednesday. The domestic market followed trend of ICE cotton which gained after heavy losses on Tuesday. Cotton yarn prices gained by ₹10-15 per maund of 37.2 kg. Traders said that domestic cotton prices are quite higher than global market prices. ICE cotton is dictating domestic cotton trade as local sentiments remained bearish. Spinning mills are buying cotton as per their immediate requirement.
North India’s cotton arrival was 7,300 bales of 170 kg, comprising 300 bales in Punjab, 2,500 bales in Haryana, 3,000 bales in upper Rajasthan and 1,500 bales in lower Rajasthan. Cotton prices in Punjab ranged from ₹5,460 to ₹5,470 (approximately $62.68-62.79) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,450 to ₹5,470 (approximately $62.56-62.79). In upper Rajasthan, cotton was priced between ₹5,460- ₹5,480 (approximately $62.68-62.91) per maund. In lower Rajasthan, it was priced at ₹52,500 to ₹53,600 (approximately $602.66-615.28) per candy of 356 kg. While seed cotton was priced as ₹7,000-7,200 (approximately $80.35-82.65) per quintal of 100 kg.
ALCHEMPro News Desk (KUL)
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